Export-Import Bank of India (EXIM Bank) is a financial institution, established in 1982 under Export-Import Bank of India Act 1981. Since its inception, the Exim Bank of India has been both a catalyst and a key player in the promotion of cross border trade and investment. Commencing operations as a purveyor of export credit, like other export credit agencies in the world.
Exim Bank is managed by a Board of Directors, which has representatives from the Government, Reserve Bank of India, Export Credit Guarantee Corporation of India, a financial institution, public sector banks, and the business community.
The Bank’s functions are segmented into several operating groups including:
(i) Corporate Banking Group which handles a variety of financing programmes for Export Oriented Units (EOUs), Importers, and overseas investment by Indian companies.
(ii) Project Finance / Trade Finance Group handles the entire range of export credit services such as supplier’s credit, pre-shipment Agriculture Business Group, to spearhead the initiative to promote and support Agricultural exports.
(iii) EXIM Bank India handles credit proposals from SMEs under various lending programmes of the Bank. Export Services Group offers a variety of advisory and value-added information services aimed at investment promotion.
(iv) Export Marketing Services Bank offers assistance to Indian companies, to enable them to establish their products in overseas markets. The idea behind this service is to promote Indian export. Export Marketing Services covers a wide range of export-oriented companies and organizations. EMS group also covers Project exports and Export of Services.
(v) The Supports Services groups include Research & Planning, Treasury and Accounts, Loan Administration, Internal Audit, Management Information Services, Information Technology, Legal, Human resources Management and Corporate Communications.
Industry: Finance & Insurance