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 Rs.700 crore received during the year from Government of India, the paid up capital as on March 31, 2014, stood at Rs.3,759 crore and the Net Worth stood at Rs.8,310 crore. Profit after tax of the Bank for the year 2013-14 amounted to Rs.710 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, 2014, EXIM Bank sanctioned loans of Rs.48,264 crore, while disbursements amounted to Rs.43,262 crore. Loan Assets stood at Rs.75,873 crore as on March 31, 2014.
To bolster bilateral trade and investment between India and Myanmar, the Bank opened its eighth overseas Representative Office in Yangon, Myanmar. The Bank also plans to set up a Project Development Company in Africa, which will essentially look to bring infrastructure projects in Africa to a bankable stage and facilitate exports from India to Africa. 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||533.4||610.1||772.4||867.7||1012.6||1088.8||1020.2|
|Profit After Tax||333.0||477.4||513.5||583.6||675.1||742.3||709.8|
|Capital to Risk Asset Ratio||15.1||16.8||18.9||17.0||16.4||15.3||14.3|
|PBT to Capital (%)||50.8||48.8||49.8||46.9||47.1||40.6||29.9|
|PBT to Assets (%)||1.7||1.5||1.7||1.7||1.7||1.6||1.2|
|Region||Africa||Asia||Latin America & Caribbean||CIS||Oceania||Total|
|Lines of credit(Amount)||6,388||3,513||208||166||50||10,325|
EXIM Board fo Director (114 KB)