The Export Import Bank of India (EXIM Bank) offers a number of financial products and services to its clients and customers. EXIM Bank is dedicated to build a link between the rural grass-root enterprises and corporates with the overseas buyers and the global world. The board of directors regulating the bank consists of representatives from the Reserve Bank of India, the Government of India, the Export Credit Guarantee Corporation (ECGC) of India and the financial institutions like public sector banks and business communities.
- The functions of the bank are divided among various groups while each group has been assigned to perform a single task. The functional groups of the bank are the following:
Corporate Banking Group
Lines of Credit Group
Project Finance / Trade Finance Group
Agri Business Group
Export Services Group
Small and Medium Enterprises Group
Fee based Export Marketing Services
The support services group under the Export Import Bank of India handles the operations like – loan recovery, corporate finance, research & planning, internal audit, information technology, management information services, corporate affairs and human resources management.
The major financial services offered by the Export Import Bank of India are the following:
Overseas Investment Finance
Finance for Export Oriented Units
Lines of Credit
SME and Agri Finance
The export credit facilities of the Export Import Bank of India availed by various Indian companies, overseas entities and commercial banks are the following:
For Project Exporters
For Consultancy and Technological Services Exporters
Overseas investment finance service by the Export Import Bank of India provide finance for the equity participation of Indian companies in Wholly Owned Subsidiary (WOS) or overseas Joint Venture (JV), direct finance to the overseas WOS or JV, finance for the acquisition of overseas businesses, and many others.
Finance services for Export Oriented Units (EOUs) can be further classified into the following types:
Working Capital Finance for Exporting Companies
Working Capital Finance for Non-Exporting Companies
The Export Import Bank of India also has a record to offer loans of more than Rs. 33.15 crore in film productions. The bank also offers a number of financial products for small and medium enterprises and agri finance. The bank is committed to make contribution in achieving the socio-economic objectives of the country by providing finance to the small and medium scale industries.More Information Related to Financial Institutions
Last Updated on : 27th June 2013