Export-Import Bank of India (EXIM Bank)
Export-Import Bank of India (EXIM Bank) is a specialized financial institution, wholly owned by Government of India, set up in 1982, for financing, facilitating and promoting foreign trade of India. Including the share capital of ` 1,300 crore received during the year from Government of India, the paid up capital as on March 31, 2015, stood at ` 5,059 crore and the Net Worth stood at ` 9,902 crore. Profit after tax of the Bank for the year 2014-15 amounted to ` 726 crore.
EXIM Bank extends Lines of Credit (LOCs) to overseas financial institutions, regional development banks, sovereign governments and other entities overseas, to enable buyers in those countries to import developmental and infrastructure projects, equipments, goods and services from India, on deferred credit terms. EXIM Bank has laid strong emphasis on enhancing project exports, the funding options for which have been enhanced with introduction of the Buyer's Credit-National Export Insurance Account (BC-NEIA) program. The Bank facilitates two-way technology transfer by financing import of technology into India, and investment abroad by Indian companies for setting up joint ventures, subsidiaries or undertaking overseas acquisitions. To promote hi-tech exports from India, the Bank has a lending programme to finance research and development (R&D) activities of export-oriented companies. During the year ended 31st March, 2015, EXIM Bank sanctioned loans of ` 57,684 crore, while disbursements amounted to ` 38,508 crore. Loan Assets stood at ` 86,953 crore as on March 31, 2015.
During the year, the Bank issued India’s first USD denominated Green bonds with a benchmark size of US$500 million. During the year, an Export Development Fund [EDF] facility, a special fund, established by GoI under the Exim Bank Act and administered by Exim Bank, to sanction loans in the interest of international trade towards meeting strategic objectives was put to use. Exim Bank under the GoI’s ‘Act East Initiative’ undertook a Mission to CLMV countries, consequent to which a Project Development Company is being set up, to be followed by a Project Development and Facilitation Framework. Exim Bank, IL&FS, AfDB and SBI jointly floated a Project Development Company in Africa, based in Mauritius. The Bank has entered into a Cooperation Agreement on Innovation with the four major development Banks of the BRICS countries which is expected to promote intra-BRICS cooperation in innovation financing. The Bank, with its diverse programmes, caters to different segments of exporters and the export cycle. The Bank provides assistance in helping Indian firms in their globalization efforts by locating overseas distributor(s)/ buyer (s)/ partner (s) for their products and services. Exim Bank also lays special emphasis on enhancing export capabilities and international competitiveness of Indian companies through its various Advisory Services.
|Amount in Rs Crore|
|Profit Before Tax||610.1||772.4||867.7||1012.6||1088.8||1020.2||11.35|
|Profit After Tax||477.4||513.5||583.6||675.1||742.3||709.8||725.8|
|Capital to Risk Asset Ratio||16.8||18.9||17.0||16.4||15.3||14.3||15.3|
|PBT to Capital (%)||48.8||49.8||46.9||47.1||40.6||29.9||25.7|
|PBT to Assets (%)||1.5||1.7||1.7||1.7||1.6||1.2||1.2|
|Region||Africa||Asia||Latin America & Caribbean||CIS||Oceania||Total|
|Lines of credit(Amount)||6,780||4,413||204||155||126||11,678|