BANKING AFFAIRS

Detailed explanation-1: -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.

Detailed explanation-2: -Export-Import Bank of India is the premier export finance institution of the country that seeks to build value by integrating foreign trade and investment with the economic rise of India.

Detailed explanation-3: -(iii) ‘EXIM Bank’ means the Export-Import Bank of India established under the Export-Import Bank of India Act, 1981 (28 of 1981);

Detailed explanation-4: -The Export-Import Bank of India (Amendment) Bill, 2011 was introduced in the Lok Sabha on December 8, 2011 by the Minister of Finance, Mr.