knowmyifsc.com

The Export-Import Bank of India (Exim Bank) was established by the Government of India in 1982, following the passage of the Export-Import Bank of India Act, 1981, which was introduced to Parliament by then-Finance Minister Shri Pranab Mukherjee. The institution was conceived after a two-decade-long debate on the necessity for a specialized export credit agency to facilitate India's growing role in international trade. Operating as a statutory corporation and a public entity, Exim Bank is wholly owned by the Government of India. Its primary mandate is to finance, facilitate, and promote India's international trade, serving as a dedicated purveyor of export credit and a specialized financial institution.

As a crucial element of the Indian financial architecture, Exim Bank acts as a catalyst and key player in the promotion of cross-border trade and investment, thereby integrating India's foreign trade with its overall economic growth. It functions as a growth engine for Indian businesses, including Small and Medium Enterprises (SMEs), by offering a wide range of services such as export credit, overseas investment finance, project finance, and advisory support. The bank also extends Lines of Credit (LoCs) to foreign governments and financial institutions to promote the purchase of Indian goods and services, fostering economic diplomacy and strengthening India's international business interests. Its role in providing financial assistance and advisory services makes it a premier export finance institution central to supporting India’s internationalisation efforts.