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What is the history and functions of Exim Bank of India and how it functions?
Wiki User
∙ 12y ago
The Export-Import (EXIM) Bank of India is the principal financial institution in India for coordinating the working of institutions engaged in financing export and import trade. It is a statutory corporation wholly owned by the Government of India. It was established on January 1, 1982 for the purpose of financing, facilitating and promoting foreign trade of India.
Capital:
The authorised capital of the EXIM Bank is Rs. 200 crore and paid up capital is Rs. 100 crore, wholly subscribed by the Central Government. The bank can raise additional resources through:
(i) Loans/grants from Central Government and Reserve Bank of India ;
(ii) Lines of credit from institutions abroad ;
(iii) Funds raised from Euro Currency markets ;
(iv) Bonds issued in India.
What are the functions of Export-Import Bank of India:
The main functions of the EXIM Bank are as follows:
(i) Financing of exports and imports of goods and services, not only of India but also of the third world countries;
(ii) Financing of exports and imports of machinery and equipment on lease basis;
(iii) Financing of joint ventures in foreign countries;
(iv) Providing loans to Indian parties to enable them to contribute to the share capital of joint ventures in foreign countries;
(v) to undertake limited merchant banking functions such as underwriting of stocks, shares, bonds or debentures of Indian companies engaged in export or import; and
(vi) To provide technical, administrative and financial assistance to parties in connection with export and import.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoi ts establish in 1981
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Which year government of India introduced exim policy?
exim policy was established in India on JANUARY 1 1982
What is the importance of EXIM policy in international trade for India. Elaborate salient features of EXIM policy?
Just refer intrenet thanks
Is Dhanalaxmi bank a schedule bank of India?
The answer tp this is NO. I was in India 3 months last year, There was BoA in seeralcities. They can do money exchanes, cashing a check, or depositing a ch----eck They are not licensed tp sell any kind of fiduciary instrument.
What is exim policy?
An Exim policy is a policy that mandate international imports and exports. The policy is part of the Foreign Trade Development and Regulation Act.
What is the structure of Development Banks in India?
Credit cooperatives are the oldest and most numerous of all the types of cooperatives in India. The cooperative credit institutions in the country may be broadly classified into urban credit cooperatives and rural credit cooperatives. There are about 2090 urban credit cooperatives and these societies together constitute for about 10 percent of the aggregate banking business and therefore regarded as an important segment of the banking system. The urban credit cooperatives are also popularly known as Urban Cooperative Banks. The rural credit cooperatives may be further divided into short-term credit cooperatives and long-term credit cooperatives. With regard to short-term credit cooperatives, at the grass-root level there are around 92,000 Primary Agricultural Credit Societies (PACS) dealing directly with the individual borrowers. At the central level (district level) District Central Cooperative Banks (DCCB) function as a link between primary societies and State Cooperative Apex Banks (SCB). It may be mentioned that DCCB and SCB are the federal cooperatives and thus the objective is to serve the member cooperatives. As against three-tier structure of short-term credit cooperatives, the long-term cooperative credit structure has two tiers in many states with Primary Cooperative Agriculture and Rural Development Banks (PCARDB) at the primary level and State Cooperative Agriculture and Rural Development Bank at the state level. However, some states in the country have unitary structure with state level cooperative operating with through their own branches and in one state an integrated structure prevails. The organizational structure of the credit cooperatives in India is illustrated in chart I. Interestingly, under the Banking Regulation Act 1949, only State Cooperative Apex Banks, District Central Cooperative Banks and select Urban Credit Cooperatives are qualified to be called as banks in the cooperative sector. In other words, only these banks are licensed to conduct full-fledged banking business. The Co-operative Banks function in India on State Levels. Most of the Rural Co-operative banks function on Three-Tier and the Urban banks function on Two-Tier. At the National Level there is NABARD to organise the Agricultural Co-operatives. Also there is National Co-operative Union of India, as an apex instituion at National Level. The Reserve Bank of India controls the Co-operative Banks that falls under the Banking Regulation Act of 1949.
Importance of exim bank of India?
the exim bank given support to the exporter and importer in terms of monetry as well as other work.
What is function of exim policy?
EXIM, otherwise known as the Export-Import Bank of India, is the country's primary financial institution. The bank's function is to finance and facilitate foreign trade for the country.
When was Exim Bank of China created?
Exim Bank of China was created in 1994.
Which year government of India introduced exim policy?
exim policy was established in India on JANUARY 1 1982
In which year the exim bank was established?
1982
Who is the chairman of exim bank?
T.C.A. Ranganathan
What are the advantages and disadvantages of exim bank?
you are just idiout....
Is NABARD a nationalised bank?
hi NABARD IS THE ONE OF THE APEX BANKS IN INDIA. TOTAL 5 APEX BANKS ARE THERE. THOSE ARE RBI, NABARD , EXIM BANK , IDBI , SIDBI . THESE ARE ALL WORKING UNDER UNION GOVERNMENT OF INDIA.
What is the swift code for exim bank arusha Tanzania?
NAME OF BANK: EXIM BANK (T) LIMITED SWIFT CODE: EXTNTZTZ Iban number: DE94500700100957576500 Correspondence bank: Citibank n.y SWIFT CODE: Citius33
What is the meaning of EXIM Policy?
The EXIM Policy is the Export-Import policies regulating international commerce in India. See the link below for the complete manual of EXIM policies and regulations.
Why are you interested in exim bank job?
I am interested in working at Exim because it's a company that supports American businesses, creates American jobs, and helps U.S. goods and services compete in the international marketplace.
What is the importance of EXIM policy in international trade for India. Elaborate salient features of EXIM policy?
Just refer intrenet thanks
