Export Import Bank (Exim Banks)


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Uploaded on Dec 29, 2021

PPT on Export-Import Bank (Exim Banks).

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Export Import Bank (Exim Banks)

EXPORT IMPORT BANK (EXIM BANKS) INTRODUCTION EXPORT-IMPORT BANK OF INDIA (EXIM BANK) WAS SET UP IN 1982 BY AN ACT OF PARLIAMENT FOR THE PURPOSE OF FINANCING, FACILITATING AND PROMOTING INDIA’S FOREIGN TRADE. Source: asianeximbanks.org FINANCIAL INSTITUTION IT IS THE PRINCIPAL FINANCIAL INSTITUTION IN THE COUNTRY FOR COORDINATING THE WORKING OF INSTITUTIONS ENGAGED IN FINANCING EXPORTS AND IMPORTS. EXIM BANK IS FULLY OWNED BY THE GOVERNMENT OF INDIA. Source: asianeximbanks.org RESPONSIBILITY THE BANK PROVIDES FINANCIAL ASSISTANCE TO EXPORT-ORIENTED INDIAN COMPANIES BY WAY OF TERM LOANS IN INDIAN RUPEES OR FOREIGN CURRENCIES FOR SETTING UP NEW PRODUCTION FACILITIES, EXPANSION/MODERNIZATION OR UPGRADATION OF EXISTING FACILITIES AND FOR ACQUISITION OF PRODUCTION EQUIPMENT OR TECHNOLOGY. Source: asianeximbanks.org EXTENSION OF LINES OF CREDIT THE BANK LAYS SPECIAL EMPHASIS ON EXTENSION OF LINES OF CREDIT (LOCS) TO OVERSEAS ENTITIES, NATIONAL GOVERNMENTS, REGIONAL FINANCIAL INSTITUTIONS AND COMMERCIAL BANKS. THE BANK ALSO EXTENDS BUYERS’ CREDIT AND SUPPLIERS’ CREDIT TO FINANCE AND PROMOTE COUNTRY’S EXPORTS. Source: asianeximbanks.org PROMOTE HI-TECH EXPORTS TO PROMOTE HI-TECH EXPORTS FROM INDIA, THE BANK HAS A LENDING PROGRAMME TO FINANCE RESEARCH AND DEVELOPMENT (R&D) ACTIVITIES OF EXPORT- ORIENTED COMPANIES. Source: asianeximbanks.org EXPORT MARKETING SERVICES (EMS) THE BANK HAS PUT IN PLACE AN EXPORT MARKETING SERVICES (EMS) PROGRAMME TO ASSIST INDIAN COMPANIES IN IDENTIFICATION OF PROSPECTIVE BUSINESS PARTNERS, FACILITATING PLACEMENT OF FINAL ORDERS AND ALSO IDENTIFICATION OF OPPORTUNITIES FOR SETTING UP PLANTS OR PROJECTS OR FOR ACQUISITION OF COMPANIES OVERSEAS. Source: asianeximbanks.org FINANCING PROGRAMMES EXIM BANK SUPPLEMENTS ITS FINANCING PROGRAMMES WITH A WIDE RANGE OF VALUE-ADDED INFORMATION, ADVISORY AND SUPPORT SERVICES, WHICH ENABLE EXPORTERS TO EVALUATE INTERNATIONAL RISKS, EXPLOIT EXPORT OPPORTUNITIES AND IMPROVE COMPETITIVENESS, THEREBY HELPING THEM IN THEIR GLOBALISATION EFFORTS. Source: asianeximbanks.org MANAGEMENT OF THE EXIM BANK THE MANAGEMENT OF THE EXIM BANK IS DONE BY A BOARD, HEADED BY THE MANAGING DIRECTOR. THERE ARE 17 OTHER DIRECTORS ON THE BOARD. THE WHOLE PAID-UP CAPITAL OF THE BANK (100 CRORES CURRENTLY) IS SUBSCRIBED BY THE CENTRAL GOVERNMENT EXCLUSIVELY. Source: www.toppr.com FUNCTIONS OF THE EXIM BANK • FINANCES IMPORT AND EXPORT OF GOODS AND SERVICES FROM INDIA • IT ALSO FINANCES THE IMPORT AND EXPORT OF GOODS AND SERVICES FROM COUNTRIES OTHER THAN INDIA. Source: www.toppr.com FUNCTIONS OF THE EXIM BANK CONT. • IT FINANCES THE IMPORT OR EXPORT OF MACHINES AND MACHINERY ON LEASE OR HIRES PURCHASE BASIS AS WELL. • PROVIDES REFINANCING SERVICES TO BANKS AND OTHER FINANCIAL INSTITUTES FOR THEIR FINANCING OF FOREIGN TRADE Source: www.toppr.com