ORIGIN AND HISTORY

The Export-Import Bank Act, 1981: An act to establish a corporation to be known as the Export-Import
Bank of India for providing financial assistance to exporters and importers, and for functioning as the
principal financial institution for co-ordinating the working of financial institutions engaged in financing
the export and import of goods and services with a view to promoting the country’s international trade
and for matters connected therewith and incidental to. History: This Act extends to the whole of India.
With effect from the date i.e. September 1981, as the Central Government by notification, appointed, a
corporation Known as the Export Import Bank of India was established for the purposes of this Act. The
Export Import Bank of India, commonly known as the EXIM Bank, commenced operations in March
1982. It was set up so as to take over the operati export finance which the IDBI (Industrial Development
Bank of India) had been handling since the year 1970. Exim Bank acts as the apex financial institution
relating to financing for foreign trade. It provides financial assistance by way of direct loans and advances
for the purpose of export or import, rediscounting of usance export bills for banks and finance for
international trade activities. MISSION Exim Banks mission is to facilitate globalization of Indian Business.
Exim Banks mission statement: “To develop commercially viable relationships with externally oriented
companies by supporting their internationalization efforts, through a diverse range of products and
services.” Objective The objective of the bank is- “… for providing financial assistance to exporters and
importers, and for functioning as the principal financial institution for coordinating the working of
institutions engaged in financing export and import of goods and services with a view to promoting the
country’s international trade…” “… shall act on business principles with due regard to public interest” as
Stated In the Export-Import Bank Act,1981. OBJECTIVES 1· To translate national foreign trade policies into
concrete action points. 2· To provide alternate financing solutions to the Indian exporter, aiding him in
his efforts to be internationally competitive. 3· To develop mutually beneficial relationships with the
international financial community. 4· To initiate and participate in debates on issues centra The
Organization: Objective, Vision & Functions The Exim Bank aims to promote India's international trade.
The Logo reflects this.The Logo has a two-way significance. The import arrow is thinner than the export
arrow. It also reflects the aim of value addition to exports.