The bank would resume the earlier practice of raising funds through term deposits as now the market rates are very low, EXIM Bank chairman and managing director T C S Venkat Subramanian said on Monday.
The domestic term deposits would have a minimum tenure of one year and the maximum would be five years.
It is cheap to raise funds through deposits where the rates would be 0.50-0.70 per cent less than bonds of comparable tenure, he said.
The bank had earlier used term deposit route in 1993 to raise funds. On the plans for foreign currency borrowings, he said the estimated borrowings was expected to be $800 million, part of which would be raised through Japanese market and bonds issued to non-resident Indians.
Subramanian said the bank had raised Rs 1,705 crore (Rs 17.05 billion) through commercial paper and Rs 955 crore (Rs 9.55 billion) via bonds in 2004-05.
It also mopped up $250 million by way of Euro dollar bond issue and worth $50 million through Euro-Yen Floating Rate Notes issue, he said.
The bank also raised short-term resources worth USD 200 million for financing pre-cum-post credit requirements of export-oriented units, he added.
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