EXIM Bank

The Export-Import Bank of India (EXIM Bank) is a specialized financial institution established in 1982 to support and promote India’s international trade. It is wholly owned by the Government of India and operates under the administrative control of the Ministry of Finance.

Objectives of EXIM Bank:

• To provide financial assistance to Indian exporters and importers.
• To promote Indian exports through various credit and insurance schemes.
• To facilitate the import of capital goods, technology, and services required for India’s economic development.
• To support the development of India’s foreign trade infrastructure.
• To act as a catalyst for the growth of India’s international trade.

Functions of EXIM Bank:

• Provides export credit in various forms, including pre-shipment credit, post-shipment credit, and export bill discounting.
• Offers export credit insurance to protect exporters against risks of non-payment by overseas buyers.
• Provides finance for the import of capital goods, technology, and services required for India’s economic development.
• Extends lines of credit to overseas banks and financial institutions to support Indian exports.
• Offers advisory services to Indian exporters and importers on various aspects of international trade.
• Conducts research and disseminates information on international trade and finance.

Key Features of EXIM Bank:

• EXIM Bank is the principal financial institution in India that provides financial assistance to exporters and importers.
• It offers a wide range of credit and insurance products to meet the diverse needs of Indian exporters and importers.
• EXIM Bank plays a crucial role in promoting India’s international trade and supporting the country’s economic development.
• It has a strong network of offices in India and overseas, which enables it to provide efficient and timely services to its customers.
• EXIM Bank is committed to providing excellent customer service and continuously innovating its products and services to meet the changing needs of the market.

EXIM Bank plays a vital role in supporting and promoting India’s international trade. Through its various financial products and services, EXIM Bank helps Indian exporters and importers to overcome the challenges of international trade and expand their businesses. The bank’s commitment to excellence and innovation has made it a key player in India’s economic growth and development.

EXIM Bank – Financial Products

EXIM Bank offers a wide range of financial products and services to support Indian exporters and importers. These products are designed to meet the specific needs of businesses engaged in international trade.

Export Credit

EXIM Bank provides export credit to Indian exporters to finance their pre-shipment and post-shipment requirements. The bank offers various types of export credit facilities, including:

• Pre-shipment credit: This facility provides financing for the purchase of raw materials, components, and other inputs required for the production of goods for export.
• Post-shipment credit: This facility provides financing for the period between the shipment of goods and the receipt of payment from the buyer.
• Packing credit: This facility provides financing for the packing and transportation of goods for export.
• Export bill discounting: This facility allows exporters to discount their export bills with EXIM Bank to obtain immediate cash flow.

Import Credit

EXIM Bank also provides import credit to Indian importers to finance their import requirements. The bank offers various types of import credit facilities, including:

• Import credit: This facility provides financing for the import of capital goods, raw materials, and other inputs required for the production of goods in India.
• Import bill discounting: This facility allows importers to discount their import bills with EXIM Bank to obtain immediate cash flow.

Project Finance

EXIM Bank provides project finance to Indian companies undertaking overseas projects. The bank offers various types of project finance facilities, including:

• Term loans: These loans are provided for the financing of capital expenditure and working capital requirements of overseas projects.
• Buyer’s credit: This facility provides financing to overseas buyers of Indian goods and services.
• Supplier’s credit: This facility provides financing to Indian suppliers of goods and services to overseas buyers.

Other Financial Products

In addition to the above-mentioned products, EXIM Bank also offers a range of other financial products and services, including:

• Foreign exchange hedging products: These products help exporters and importers manage their foreign exchange risk.
• Trade finance advisory services: These services help exporters and importers navigate the complex world of international trade finance.
• Investment banking services: These services help Indian companies raise capital in the international markets.

EXIM Bank’s financial products and services are designed to meet the specific needs of businesses engaged in international trade. The bank’s experienced team of professionals is always ready to provide assistance and guidance to exporters and importers.

EXIM Bank of India FAQs

What is EXIM Bank of India?

The Export-Import Bank of India (EXIM Bank) is a specialized financial institution established in 1982 to support and promote foreign trade in India. It is wholly owned by the Government of India.

What are the main functions of EXIM Bank?

The main functions of EXIM Bank include:

• Providing financial assistance to Indian exporters and importers
• Promoting foreign trade and investment in India
• Facilitating the development of export-oriented industries
• Providing advisory services to the Government of India on matters related to foreign trade and investment

What are the different types of financial assistance provided by EXIM Bank?

EXIM Bank provides a wide range of financial assistance to Indian exporters and importers, including:

• Pre-shipment credit
• Post-shipment credit
• Export credit refinance
• Import credit
• Foreign currency loans
• Buyer’s credit
• Project finance
• Structured finance

What are the eligibility criteria for obtaining financial assistance from EXIM Bank?

The eligibility criteria for obtaining financial assistance from EXIM Bank vary depending on the type of assistance required. However, some of the general eligibility criteria include:

• The borrower must be an Indian entity engaged in foreign trade
• The borrower must have a good credit history
• The borrower must have a viable business plan
• The borrower must provide adequate security for the loan

What are the interest rates charged by EXIM Bank?

The interest rates charged by EXIM Bank are based on various factors, including the type of assistance required, the creditworthiness of the borrower, and the prevailing market conditions.

How can I apply for financial assistance from EXIM Bank?

To apply for financial assistance from EXIM Bank, you can visit the bank’s website or contact the nearest branch office. You will need to submit a duly filled application form along with the required documents.

What are the contact details of EXIM Bank?

The contact details of EXIM Bank are as follows:

• Address: Centre One, World Trade Centre, Cuffe Parade, Mumbai - 400 005, India
• Phone: +91-22-22151919
• Fax: +91-22-22187216
• Email: info@eximbankindia.in
• Website: www.eximbankindia.in