Exim Bank of India

The Export-Import Bank of India (INDIA EXIM BANK) was founded by the Government of India under the Export-Import Bank of India Act, 1981, which was introduced in the Indian Parliament by the then Finance Minister, Shri Pranab Mukherjee. The act was passed by both houses of parliament and received the assent of the President of India on 07-April-1982. The first Chairman and Managing Director of INDIA EXIM BANK was Mr. R.S. Rathore. Chronology • 1982: INDIA EXIM BANK was established on 01-January-1982, under the Export-Import Bank of India Act, 1981, with the aim of promoting and financing India's international trade. • 1983: The first overseas representative office of INDIA EXIM BANK was established in London, England. • 1985: INDIA EXIM BANK started providing Lines of Credit to overseas governments, enabling them to import goods and services from India on favourable credit terms. • 1991: INDIA EXIM BANK set up an Export Development Fund to support the export activities of small and medium-sized enterprises (SMEs) in India. • 1992: INDIA EXIM BANK launched the Buyer's credit programme, which provides competitive financing to overseas buyers of Indian goods and services. • 1994: INDIA EXIM BANK signed an agreement with the African Development Bank to set up the India-Africa Fund to support trade and investment between India and Africa. • 1999: INDIA EXIM BANK established the India Development Fund to provide equity and quasi-equity support to Indian companies investing overseas. • 2003: INDIA EXIM BANK launched the Rural Initiative for Supporting Entrepreneurship (RISE) programme to support rural entrepreneurs in India. • 2007: INDIA EXIM BANK launched the India-Africa Trade and Investment Promotion Programme to promote trade and investment between India and Africa. • 2015: INDIA EXIM BANK signed an agreement with the Development Bank of Southern Africa to set up the India-South Africa Development Partnership Fund to support development projects in South Africa. • 2020: INDIA EXIM BANK launched the Global Network Programme to expand its overseas footprint and provide enhanced support to Indian businesses operating overseas. • 2024: INDIA EXIM BANK opened a representative office in Nairobi, Kenya. == Organisation Structure ==

The Export-Import Bank of India (INDIA EXIM BANK) has a well-defined organizational structure consisting of several departments and functional units that work together to achieve the bank's objectives. == Loans and Investments ==

LOCs given by the INDIA EXIM BANK: In March-2008, the bank provided a credit of 100 million dollars to finance a road construction project and the construction of electrical infrastructure for the government of Nepal. In February-2019, the bank provided a credit of 200 million dollars to finance a project in the field of housing and infrastructure to the government of Uzbekistan. In March-2019, the bank provided a credit of 83 million dollars to finance a project in the field of solar energy in the Democratic republic of Congo. In March-2019, the bank provided a credit of 800 million dollars to finance projects in the Republic of Maldives. In August-2019, the bank provided a credit of 38 million dollars for an industrial project, in the field of water systems, to the Republic of Mozambique. In October-2019, the bank provided a credit of 30 million dollars to the Republic of Sierra Leone. In November-2019, the bank provided a credit of 30 million dollars for a project to improve the fresh water infrastructure in Ghana In January-2020, the bank provided a credit of 75 million dollars to finance a project in the field of solar energy in Cuba. == Key people ==

Key people associated with the Export-Import Bank of India (INDIA EXIM BANK) and their roles: Past Chief Executives == Branches ==

The Export-Import Bank of India (INDIA EXIM BANK) has its headquarters in Mumbai, India. Apart from the headquarters, INDIA EXIM BANK has several branches and overseas offices to cater to the needs of Indian exporters and importers. Here are the details of INDIA EXIM BANK's branches and offices: • Domestic Branches: INDIA EXIM BANK has 9 domestic offices located in Mumbai, Delhi, Kolkata, Chennai, Ahmedabad, Bangalore, Hyderabad, Pune, and Guwahati. • Overseas Offices: INDIA EXIM BANK has 8 overseas offices located in Washington D.C. (USA), London (UK), Johannesburg (South Africa), Singapore, Tokyo (Japan), Beijing (China), Dhaka (Bangladesh), and Yangon (Myanmar). • Representative Offices: INDIA EXIM BANK also has representative offices in various countries to promote and facilitate India's trade relations with those countries. These representative offices are located in Abu Dhabi (UAE), Accra (Ghana), Addis Ababa (Ethiopia), Colombo (Sri Lanka), Dubai (UAE), Istanbul (Turkey) and Nairobi (Kenya). == Subsidiaries ==

The Export-Import Bank of India (INDIA EXIM BANK) has two subsidiaries. == Functions ==

The Export-Import Bank of India (INDIA EXIM BANK) has been established with the aim of promoting and financing India's international trade. Here are the main functions and responsibilities of INDIA EXIM BANK: • Financing: INDIA EXIM BANK provides financial assistance to Indian exporters and importers in the form of pre-shipment and post-shipment credit, buyer's credit, lines of credit, and project export finance. • Export credit insurance: INDIA EXIM BANK provides export credit insurance to Indian exporters to protect them against the risks of non-payment by overseas buyers. • Collaboration: INDIA EXIM BANK collaborates with other institutions, both in India and overseas, to promote and facilitate India's international trade and investment. • Policy advocacy: INDIA EXIM BANK represents the interests of Indian exporters and importers in international forums and advocates policies that promote India's international trade and investment. • Lines of Credit: INDIA EXIM BANK extends lines of credit to overseas entities, including governments, financial institutions, and commercial banks, to promote India's exports and support the development of infrastructure in recipient countries. • SME Financing: INDIA EXIM BANK provides financing and advisory services to small and medium-sized enterprises (SMEs) in India to help them enter the international market and grow their businesses. • Capacity building: INDIA EXIM BANK conducts training and capacity-building programmes for Indian businesses and government officials to enhance their skills and knowledge related to international trade and finance. • Corporate social responsibility (CSR): INDIA EXIM BANK has a CSR program that focuses on education, healthcare, environment, and community development. The bank supports various initiatives in India and overseas to promote sustainable development and social welfare. == See also ==