EXIM Bank :

The Export Import Bank of India (EXIM) was setup on 1 Jan 1982 by an act of parliament for the purpose of financing, facilitating and promoting foreign trade of india, is the principal financial institution in the country for coordinating working of various institutions engaged in financing exports and imports. The EXIM bank is fully owned by the Govt. of india and is managed by a Board of Directors with representation from Govt., financial institutions,banks and business community. The operations are grouped into project finance.trade finance and overseas Investment Finance supported by Planning and coordinatiom groups.

 Objectives of EXIM bank : 1) To translate national foreign trade policies into concrete action plans. 2) Grant of loans ans advances in india solely or jointly with commercial banks to persons exporting. 3) To provide alternate financing solution to the Indian exporter, aiding him in his efforts to be internationally competitive. 4) To develop mutually beneficial relationships with the international community.Eg,EXIM bank of india helped Malasiya govt. to develop import-export policies. 5) To initiate ans participate in debates on the issues central ti indias international trade. 6) H andling transactions where a mix of govt. credit and commercial credit for exports is involved. 7) To purchase,discount and negotiate export bills. 8) To be anticipate and absorb new development in banking,export financing and informational technology. 9) To be responsive ti export problems of Indian exporters and pursue policy resolutions. 10) P roviding technical.administrative and financial assistance to any exporter in india or any other person who intends to export goods from indial.