Export Credit Guarantee Corporation of India Ltd
CORPORATE ECGC Strengthens its Balance Sheet : settles claims of Rs.548 cr during 2012-13 Export Credit Guarantee Corporation of India Ltd. (ECGC) paid out aggregate claims of Rs. 548 Crores to Indian exporters and financing banks during FY 2012-13 in the wake of continuing global economic recession and uncertainties. GOI has subscribed Rs. 100 Crores in Sept 2012 towards paid-up capital of the Corporation. Now the Corporation’s paid-up capital stands at Rs.1000 crores, same as its Authorised Capital. Earlier, Shri. Anand Sharma, Minister for Commerce, Industry & Textiles has indicated that Govt. may consider increase in authorized capital of the Corporation to Rs.5,000 crores. The Corporation’s Net Worth as on Mar 31, 2013 is Rs.2437 crores and it has built up cumulative provision aggregating to Rs.2,588 crores as on Mar 31, 2013. The Corporation’s investments and bank deposits are over Rs.5,000 crores. The Corporation’s Solvency Ratio as on Mar 31,...