EXIM Bank - An Overviews

EXPORT IMPORT BANK OF INDIA (EXIM BANK) - AN OVERVIEWS

Essential for All Upcoming Bank Exams

Introduction: 

• Export Import Bank of India (EXIM Bank) was set up by an Export Import Bank of India Act of Parliament in September, 1981. 
• It is owned by Government of India. 
• It was established on 1st January, 1982. 
• It is the premier export finance institution in India. 
• It is headquartered in Mumbai, India. 
• If you want to import products from abroad for exporting goods abroad, the EXIM Bank can provide you with the necessary support and assistance. 

Objectives: 

• To pay special outlook to the export of capital goods. 
• To extend the customer's credit and credit line. 
• To ensure solutions to collaborative problems faced by exporters in India and integrated and cooperative methods. 
• Joint initiative and technical services and international and merchant banking exercise. 
• Export projection. 

Organisations: 

• EXIM Bank has 16 Board of Directors 
• Chairman and Managing Director 
• 5 Directors: Government of India 
• 1 Director nominated by Reserve Bank of India (RBI) 
• 1 Director nominated by Export Credit Guarantee Corporation of India (ECGC) 
• 1 Director nominated by Industrial Development Bank of India (IDBI) 
• 3 Directors: Scheduled Banks 
• 4 Directors: Profession/ Expert. 
• EXIM Bank has 9 (Nine) Domestic Offices and 6(Six) Overseas Offices. 

Lines of Credit (LOC): 

• LOCs also elaborate at the order of Government of India. 
• LOCs/BCs are particularly relevant for Indian SME exporters because the risks of payment are borne by EXIM Bank. 
• Exim Bank extends Export Lines Credit (LOC) to foreign financial institutions, regional development banks and foreign governments and their organizations and buyers' credit (BC) to foreign corporate. 
• Indian exporters operate as market transactions and provide a secure mode of unsecured financing option to Indian exporters. 
• There are 117 operator lines across more than 94 countries and more than 3.85 billion US dollars. 

Export Marketing Finance: 

• SME has expanded export marketing finance to implement strategic export marketplace plans, which are intended to enter the market of developed countries and the term of the loan for upgrades. 
• On successful basis in the program implemented by Exim Bank in India, the Bank has shared his experience with other developing countries including the World Bank fund. 
• Exim Bank’s assistance resulted in generation of significant exports to developed country markets 
• Administered an Export Marketing Fund from World Bank. 
• Many of these companies have become big companies with high export adaptation. 

Lease Finance: 

• It leases money for import of capital equipment. 
• Under cross-border leasing, this advisory may be in a foreign country, but it will be the claimant in India. 
• It also helps for import leasing, both of which will be donors and tenants in India, but lease imported equipment can be from USA or UK. 
• By providing lease in exchange for foreign exchange, the Exim Bank helps Indian priority for obtaining capital equipment on lease. 

Features: 

• Provide technical, administrative and management support for management, management and extension for the development of the export sector. 
• Planning, promotion and development and import development. 
• Market and investment surveys and technical-economic research that are involved in the export of products and services export.