EXIM Bank says repayments unaffected by West Asia conflict

Mumbai: There has been no impact on client repayments because of the Middle East conflict, a top official from the EXIM Bank of India has said.

Indian companies' presence in the Middle East is concentrated in the construction or infrastructure sector, and their business may have suffered in the last month due to the challenging situations, its managing director and chief executive, Harsha Bangari, said.

"...very interestingly, the repayment scenario has been extremely good," Bangari told reporters on the sidelines of a bank event on Wednesday.

She said the resilience of the Indian companies, whose business may be impacted by the war, comes from diversity in the revenue sources beyond the Middle East.

However, if the war prolongs, there can be some challenges which we may have to face, she said.

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