BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -EXIM Bank is a public sector financial institution, established by an Act of Parliament for the purpose of financing, facilitating, and promoting foreign trade of India.

Detailed explanation-2: -Export-Import Bank of India (Exim Bank) operates a comprehensive range of financing, advisory and support programmes to promote and facilitate India’s trade and investment with the CIS countries.

Detailed explanation-3: -EXIM Bank extends Lines of Credit (LOCs) to overseas governments, financial institutions, regional banks and other overseas entities, to finance India’s exports to those countries. EXIM Bank’s LOC is a risk-free, non-recourse export financing option available to Indian exporters for promoting their exports.

Detailed explanation-4: -The main function of the Export and Import Bank of India is to provide financial and other assistance to importers and exporters of the country. And it oversees and coordinates the working of other institutions that work in the import-export sector.

Detailed explanation-5: -Exim Bank was established by the Government of India, under the Export-Import Bank of India Act, 1981 as a purveyor of export credit, mirroring global Export Credit Agencies. Exim Bank serves as a growth engine for industries and SMEs through a wide range of products and services.