BANKING AFFAIRS

Detailed explanation-1: -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-2: -Export Import Bank (EXIM Bank) is a statutory corporation wholly owned by the Government of India for the purpose of financing, facilitating and promoting foreign trade of India.

Detailed explanation-3: -We are a specialized financial institution wholly owned by the Government of India with presence in Indian and foreign cities around the world. We were set up in 1982, for the purpose of financing, facilitating and promoting India’s international trade.

Detailed explanation-4: -The role of EXIM Bank are as follows; Financial export and import of services and goods from the country as exim trade. It helps in financing the export as well as import of machines. It also helps to refinance the bank services as well as other institutions for foreign financing trade or exim trade.

Detailed explanation-5: -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.