NOTE ON EXIM

Export-Import Bank of India (EXIM Bank) is a specialized financial institution, wholly owned by

Government of India, set up in 1982, for financing, facilitating and promoting foreign trade of India.

The Export and Import Bank of India, popularly known as the EXIM Bank is a principle financial
institution set up in 1982 for financing, facilitating and promoting foreign trade of India.
It acts as a catalyst and key player in the promotion of cross border trade and investments.
The main function of the Export and Import Bank of India is to provide financial and other assistance
to importers and exporters of the country.
It was previously a branch of the IDBI, but as the foreign trade sector grew, it was made into an
independent body.
And it oversees and coordinates the working of other institutions that work in the import-export sector.
The ultimate aim is to promote foreign trade activities in the country.
OBJ – FOR PROVIDIG FINANCIAL ASSITANCE TO EXPORTERS
ACTS AS AN PRINCIPAL FINANCIAL INSTITUTION FOR COORDIANTING THE WORKING OF FINANCIAL
INSTITUTIONS ENGAGED IN THETRADE OF IMPORT AND EXPORT OF TRADE AND SERVICES.
CATALYSTAND KEY PLAYER IN THE PROMOTION OF CROSS BORDER TRADE AND INVESTMENTS.

NOTE ON ICICI
ICICI was formed in 1955 at the initiative of the World Bank, the Government of India and
representatives of the Indian industry. The principal objective was to create a developmental financial
institution for providing medium-term and long-term project financing to Indian businesses. Until the
late 1980s, ICICI primarily focused its activities on project finance and providing long-term funds to a
variety of industrial projects. With a thrust on marketing the products and attracting the client with top
+-class service, it has become a household name in the life of any Indian today

FUNCTIONS OF PFC (POWER FINANCE CORPORATION)

PFC's mission is to excel as a pivotal developmental financial institution, in the power sector committed
to the integrated development of power and associated sectors, by channeling the resources and
providing financial, technological and managerial services for ensuring the development of economic,
reliable and efficient systems and institutions.

WHAT IS MEANT BY NON BANKING FINANCIAL INTERMEDIARIES

Non-bank finance companies include a variety of financial institutions, which raise funds from the public
directly or indirectly to lend them to the ultimate borrowers. The development banks fall in this
category. They specialize in making term loans. There are three other NBFI, viz. LIC, GIC and UTI. Out of
these three, only UTI is a pure NBFI. There are provident funds and post offices, which mobilize savings
in a big way. A large number of these institutions are public sector undertakings

WHAT IS THE INTERNATIONAL FINANCE CORPORATION

A member of the World Bank Group, The International Finance Corporation (IFC) provides financing of
private-enterprise investment in developing countries around the world, through both loans and direct
investments. The IFC says its focus is eliminating poverty through economic development, but critics
claim it is more focused on profits than people.

WHAT IS OPEN MARKET OPERATION?

Open market operations (OMO) refers to a central bank buying or selling short-term Treasuries and
other securities in the open market in order to influence the money supply, thus influencing short term
interest rates.
Buying securities adds money to the system, making loans easier to obtain and interest rates decline.
Selling securities from the central bank's balance sheet removes money from the system, making loans
more expensive and increasing rates.
These open market operations are a method the Fed uses to manipulate interest rates.

NABARD
National Bank for Agriculture and Rural Development (NABARD) was established on 12 July 1982 by an
Act of the Parliament. NABARD, as a Development Bank, is mandated for providing and regulating credit
and other facilities for the promotion and development of agriculture, small scale industries, cottage and
village industries, handicrafts and other rural crafts and other allied economic activities in rural areas
with a view to promoting integrated rural development and securing prosperity of rural areas, and for
matters connected therewith or incidental thereto.

NCDC
The objectives of NCDC are planning and promoting programmes for production, processing, marketing,
storage, export and import of agricultural produce, foodstuffs, industrial goods, livestock and certain
other notified commodities and services on cooperative principles and for matters concerned therewith
or incidental thereto.

EXPLAIN RECENT REFORMS IN VENTURE CAPITAL FUNDS.

EXIM 1982
SIDBI JULY 1989
RBI 1934
ICICI 1955
NCDC 1963
NABARD 12 JULY 1982