Exim Bank (India)
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| Type | Public |
|---|---|
| Industry | Banking Financial services |
| Founded | 1982 |
| Headquarters | Mumbai, India[1] |
| Key people | T.C.A Ranganathan,Chairman and Managing Director |
| Products | Investment Banking Commercial Banking Retail Banking Private Banking Asset Management Mortgages Credit Cards |
| Website | Official Website |
Export-Import Bank of India is the premier export finance institution of the country, established in 1982 under the Export-Import Bank of India Act 1981.[2]
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[edit] Description
Government of India launched the institution with a mandate, not just to enhance exports from India, but to integrate the country’s foreign trade and investment with the overall economic growth. Since its inception, Exim Bank of India has been both a catalyst and a key player in the promotion of cross border trade and investment. Commencing operations as a purveyor of export credit, like other Export Credit Agencies in the world, Exim Bank of India has, over the period, evolved into an institution that plays a major role in partnering Indian industries, particularly the Small and Medium Enterprises, in their globalisation efforts, through a wide range of products and services offered at all stages of the business cycle, starting from import of technology and export product development to export production, export marketing, pre-shipment and post-shipment and overseas investment.[3]
[edit] Organization
Exim Bank is managed by a Board of Directors, which has representatives from the Government, Reserve Bank of India, Export Credit Guarantee Corporation of India, a financial institution, public sector banks, and the business community.
The Bank's functions are segmented into several operating groups including:
- Corporate Banking Group which handles a variety of financing programmes for Export Oriented Units (EOUs), Importers, and overseas investment by Indian companies.
- Project Finance / Trade Finance Group handles the entire range of export credit services such as supplier's credit, pre-shipment Agri Business Group, to spearhead the initiative to promote and support Agri-exports. The Group handles projects and export transactions in the agricultural sector for financing.
- Small and Medium Enterprise: The group handles credit proposals from SMEs under various lending programmes of the Bank.
- Export Services Group offers variety of advisory and value-added information services aimed at investment promotion.
- Export Marketing Services Bank offers assistance to Indian companies, to enable them establish their products in overseas markets. The idea behind this service is to promote Indian export. Export Marketing Services covers wide range of export oriented companies and organizations. EMS group also covers Project exports and Export of Services.
- Besides these, the Support Services groups, which include: Research & Planning, Corporate Finance, Loan Recovery, Internal Audit, Management Information Services, Information Technology, Legal, Human Resources Management and Corporate Affairs.
[edit] Reference
- ^ "About Us : Contact Us". Eximbankindia.com. http://www.eximbankindia.com/contact.asp. Retrieved 2010-08-02.
- ^ http://www.premiumpress.com. "Export-Import Bank of India « India Microfinance Business Directory". D.indiamicrofinance.com. http://d.indiamicrofinance.com/export-import-bank-of-india/. Retrieved 2010-08-02.
- ^ "Important PSU and other bodies dealing with Trade and Commerce". Indembassysuriname.com. 2010-07-29. http://www.indembassysuriname.com/important_psu_and_other_bodies_dealing_with_trade_.html. Retrieved 2010-08-02.
