BANKING AFFAIRS

Detailed explanation-1: -The organization was established in 1982 under the Export-Import Bank of India Act 1981 as a purveyor of export credit. R.C. Shah was the bank’s first Chairman and Managing Director.

Detailed explanation-2: -Ms. Harsha Bangari is the Managing Director of the Bank.

Detailed explanation-3: -The government has appointed Harsha Bhupendra Bangari as the managing director (MD) of Export-Import Bank of India (EXIM Bank). Bangari, who is presently the deputy managing director at EXIM Bank, would be at the helm for a period of three years or until further orders of the government, said a notification.

Detailed explanation-4: -The Board of Directors consists of a chairman, a managing director, two deputy managing directors; one director each nominated by the Reserve Bank of India; IDBI Bank Ltd.

Detailed explanation-5: -The government has appointed Harsha Bhupendra Bangari as the new Managing Director (MD) of the Export-Import Bank of India (EXIM Bank). Before this Bangari was posted as deputy managing director at EXIM Bank.