Wednesday, 13 August 2014

Exim Bank India.

EXIM BANK - Export-Import Bank of India is the premier export finance institution in India.

-Established in 1982 under the Export-Import Bank of India Act 1981.
-Headquarters - Mumbai.

-Exim Bank - Provides financial assistance to exporters and importers with a view to promote country's international trade.
-Acts on business principles with due regard to public interest”
-A Line of Credit (LOC) is a financing mechanism through which Exim Bank extends support for export of projects, equipment, goods and services from India. 

-Exim Bank extends LOCs on its own and also at the behest and with the support of Government of India.

-Exim Bank extends Lines of Credit to:

a) Foreign Governments or their nominated agencies such as central banks, state owned commercial banks and para-statal organizations;
b) National or regional development banks;
c) Overseas financial institutions;
d) Commercial banks abroad;
e) Other suitable overseas entities.

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