Biz-Econ

Indian EXIM Bank opening office in Dhaka

After the signing of the biggest-ever line of credit (LoC), India’s EXIM Bank is now all set to open its Dhaka office and embark on new cooperation with Bangladesh.Yaduvendra Mathur, Chairman and also the Managing Director of India’s official export credit agency, disclosed this on Thursday.Mathur termed the signing of the $2 billion LoC with Bangladesh on Wednesday a “historic event” and said now his bank was preparing to open an office in Dhaka to carry forward the work under the LoC. “We have got all the approvals from Bangladesh. An officer for the office has already been selected,” Mathur, an Indian Administrative Service officer, said before leaving Dhaka on Friday.