EXIM BANK

Subject : National Organisations

Context : The Exim Bank is in the international bond market with a more than $1 billion dollar money issue, merchant bankers said.

Concept :

Export-Import Bank of India is a wholly owned Govt. of India entity which was established in 1982.
HQ : New Delhi
Aim : financing, facilitating and promoting foreign trade of India.
The EXIM bank extends Line of Credit (loC) to overseas financial institutions, regional development banks, sovereign governments and other entities abroad.
Thus the EXIM Banks enables buyers in those countries to import developmental and infrastructure, equipment’s, goods and services from India on deferred credit terms.
The bank also facilitates investment by Indian companies abroad for setting up joint ventures, subsidiaries or overseas acquisitions.

Functions of the EXIM Bank

It finances the import and export of goods and services from India and countries other than India.
Provides refinancing services to banks and other financial institutes for their financing of foreign trade
The bank also provides technical and other assistance to importers and exporters. Depending on the country of origin there are a lot of processes and procedures involved in the import-export of goods. The EXIM bank will provide guidance and assistance in administrative matters as well.
Will also underwrite shares/debentures/stocks/bonds of companies engaged in foreign trade.
Will offer short-term loans or lines of credit to foreign banks and governments.
EXIM bank can also provide business advisory services and expert knowledge to Indian exporters in respect of multi-funded projects in foreign countries.