Exim Bank of India
Exim Bank is fully owned by the Government of India and is managed by a Board of Directors with representation from Government, financial institutions, banks, and business community. It offers following services fro promotion of India’s international trade
Advisory Services It has undertaken following activities in fulfillment of its objective of providing quality advice to promote international trade from India
Multilateral agencies funded projects overseas (MFPO)- It provides information and support services to Indian companies to help improve their prospects for securing business in multilateral agencies funded projects.
Promoting consultancy among Indian companies -For this purpose it has entered in to tie up with the International Finance Corporation, Washington D.C., Eastern & Southern African Trade & Development Bank (PTA Bank) and African Management Services Company (AMSCO).
Knowledge Building- For achievement of this goal Exim bank of India established EXIMIUS centre for learning in Bangalore in to organise seminars and workshops in areas related to international trade & commerce.
Information Service Exim Bank of India provides information to and on exporters and importers, industry and market reports, trade regulations and laws, international quality standards and product display.
The Export- Import Bank of India (Exim Bank) provides financial assistance to promote Indian exports through direct financial assistance, overseas investment finance, term finance for export production and export development, pre-shipping credit, buyer's credit, lines of credit, relending facility, export bills rediscounting, refinance to commercial banks. The Exim Bank extends non-founded facility to Indian exporters in the form of guarantees and its lending programme covers various stages of exports. Its focus is on export of manufactured goods, project exports, exporters, of technology services and exports of computers software.
EXIM Bank’s Financing Programmes
Loans to Indian Companies
Deferred payment exports: Term finance is provided to Indian exporters of eligible goods and services which enables them to offer deferred credit to overseas buyers. Commercial banks participate in this program directly or under risk syndication.
Preshipment credit: finance is available form Exim Bank for companies executing export contracts involving cycle time exceeding six months.
The facility also enables provision of rupee mobilisation expenses for construction/turnkey project exporters.
Term loans for export production: Exim Bank provides term loans/deferred payment guarantees to 100% export-oriented units, units in free trade zones and computer software exporters. Overseas Investment finance: Indian companies establishing joint ventures overseas are provided finance towards their equity contribution in the joint venture.
Finance for export marketing: This program helps exporters implement export market development plans.
Loans to Foreign Governments, Companies and financial Institutions
Overseas Buyer's Credit: Credit is directly offered to foreign entities for import of eligible goods and related services, on deferred payment basis.
Lines of Credit: Besides foreign governments, finance is available to foreign financial institutions and government agencies to on-lend in the respective country for import of goods and services from India.
Relending Facility to Banks Overseas: Relending facility is extended to banks overseas to enable them to provide term finance to their worldwide clients for imports from India.
Loans to Commercial Banks in India
Export Bills Rediscounting: Commercial Banks in India who are authorised to deal in foreign exchange can rediscount their short term export bills with Eximm Banks, for an unexpired usance period of not more than 90 days.
Refinance of Export Credit: Authorised dealers in foreign exchange can obtain from Exim Bank 100% refinance of de3ferred payment loans extended for export of eligible Indian goods.
Guaranteeing of Obligations:
Exim Bank participates with commercial banks in India in the issue of guarantees required by Indian companies for the export contracts and for execution of overseas construction and turnkey projects.