CURRENT AFFAIRS

Detailed explanation-1: -Ms. Harsha Bangari is the Managing Director of the Bank.

Detailed explanation-2: -EXIM Bank Foundation 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-3: -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-4: -The government has appointed Harsha Bhupendra Bangari as the Managing Director (MD) of the Export-Import Bank of India (EXIM Bank). Bangari, who is presently the Deputy MD at EXIM Bank, would be at the helm for a period of three years or until further orders of the government.