Development finance institution,Exim Bank,posted a 14 per cent rise in net profit to Rs 584 crore for the year ended March 31,2011. The bank's net profit last year was Rs 513-crore. The bank's loan assets grew 17 per cent to Rs 46,041-crore from FY 10's Rs 39,371-crore while loan approvals were up by 23 per cent at Rs 47,798-crore. The net non-performing assets of the bank stood flat at 0.20 per cent. During the year,it extended 22 lines of credit aggregating to USD 2.3-billion. A total of 64 corporates were sanctioned assistance aggregating to Rs 8,325-crore for their overseas investments in 28 countries,the bank said.
