Exim Bank Overview

Introduction

• Exim Bank: Export-Import Bank
• Established for facilitating export and import
• Functions similar to a normal bank but focuses on export-import

Establishment

• Year: 1982
• Established through the Indian Act "Export-Import Bank of India Act 1981"
• Owned by the Indian Government (Central Government)

Management

• Managed by a Board of Directors
  • Representatives from Government of India, RBI, and Financial Institutions

Role and Objectives

• Improve and increase export and import
• Enhance the balance of trade and balance of payments
• Encourage international technical merchant banking services and joint ventures
• Extend lines of credit (LOC) and credit to buyers
  • Line of Credit: Allows overseas buyers to purchase Indian goods easily
  • Government Initiative: IDI (Indian Development Initiative), now IDEAS (Indian Development and Economic Assistance Scheme)

Key Functions

• Buyer's Credit: Provides credit for overseas buyers to import goods from India
• Corporate Banking: Provides financing programs to enhance competitiveness
• Lines of Credit (LOC): Entry tool for new markets, extends credit to buyers abroad
• Overseas Investment Finance: Assists Indian companies in overseas investments and joint ventures
• Project Export: Financing for new projects to promote export
• Consultancy Services: Provides information and advice on marketing, risk assessment, and export opportunities

Services

• Marketing Advisory: Identifies opportunities for Indian exporters
• Export Advisory Services: Provides advice on risks and opportunities in international markets

Summary

• Provides all financial services needed for exporting
• Focus on increasing exports, facilitating trade relations, and providing financial assistance