The Exim Bank today elevated David Rasquinha as the managing director.
The Exim Bank today elevated David Rasquinha as the managing director.
Prior to this, he was deputy managing director holding additional charge of managing director.
An MBA from the XLRI Jamshedpur, Rasquinha joined Exim Bank in 1985 and since then has worked in the diverse groups of the bank such as treasury, multilateral agency funded projects, planning & research, risk management, lines of credit, trade finance, project exports among others.
Rasquinha played a key role in conducting a feasibility study for setting up an export credit agency for the Gulf Co-operation Council countries.
He has also served as a member on working groups set up by the Reserve Bank on software exporters and export credit.
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Swarna Pragati Housing raises Rs 50 cr from SBI Swarna Pragati Housing Microfinance today said it has raised Rs 50 crore in debt funding from State Bank.
The funds will be used to grow loan portfolio and strengthen the company's presence in the rural affordable housing market, it said in a statement here.
In 2015, the company had raised a series B funding round from Zephyr Peacock, Omidyar Network, Aavishkaar Ventures and Asha Impact.
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Payments gateway InstaRem to enter 34European countries by Sep Cross-border payments company InstaRem, co-promoted by an Indian, Prajit Nanu, and an Englishman, has firmed up plans to widen its European reach by entering into as many as 34 countries in the continent next month.
Founded in 2014 in Australia and headquartered in Singapore, InstaRem has already become the largest digital cross-border payments firm in Southeast Asia with 8-10 per cent market share.
The company aims to be active in 34 countries in Europe by September, the Mumbai-born Nanu said in a statement.
InstaRem is funded by Vertex Ventures, Fullerton Financial Holding and Rocket Internet and has offices in Mumbai, Singapore, Hong Kong, Sydney, Goldcoast and New Jersey and powers local payments to over 50 countries now.
(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)
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