EXIM BANK

T.Y.B.B.I.

CHAPTER 1
INTRODUCTION

EXIM BANK

T.Y.B.B.I.

Profile OF EXIM Bank:

The Export-Import Bank of India (Exim Bank) completed
24years of operations in March 2006. It was established by an Act of
Parliament k n o w n a s t h e E x p o r t- I m p o r t Ba n k o f I n d i a Ac t 1 9 8 1
and
commencedo p e r a t i o n s i n M a r c h 1 9 8 2 . E x i m B a n k i s
w h o l l y o w n e d b y t h e Government of India. Exim Bank was set up
for the purpose of financing, f a c i l i t a t i n g a n d p ro m o t i n g f o re i g n t r a d e
i n I n d i a a n d a l s o t o p ro v i d e financial assistance to exporters and
importers and for functioning as the principal financial
institution for coordinating the working of institution seng aged in financing
export and import of goods and services with a view to promoting the
countrys international trade. It has a high-powered Board of Directors
comprising: A
DeputyG o v e r n o r o f R e s e r v e B a n k o f I n d i a , C h a i r m e n
o f I D B I , E C G , R e p r e s e n t a t i v e s o f t h e M i n i s t r i e s o f Fi n a n c
e, Commerce, Industry, E x t e r n a l A f f a i r s a n d P l a n n i n g , C
h a i r m e n o f s c h e d u l e d b a n k s a n d professionals from trade and
industry. Over the years, Exim Bank has developed 35 lending Programmes
c o v e r i n g a l l s t a g e s o f t h e ex p o r t cy c l e n a m e l y I m p o r t o f
Te c h n o l o g y , Export Product Development, Export Production, Export
Marketing , Pre-shipment, Post-shipment, Investment Abroad