EXIM Bank India

The Export-Import Bank of India (INDIA EXIM BANK) was founded by the Government of India under the Export-Import Bank of India Act, 1981, which was introduced in the Indian Parliament by the then Finance Minister, Shri Pranab Mukherjee. The act was passed by both houses of parliament and received the assent of the President of India on 07-April-1982. The first Chairman and Managing Director of INDIA EXIM BANK was Mr. R.S. Rathore.

Chronology

1982: INDIA EXIM BANK was established on 01-January-1982, under the Export-Import Bank of India Act, 1981, with the aim of promoting and financing India's international trade.

1983: The first overseas representative office of INDIA EXIM BANK was established in London, England.

1985: INDIA EXIM BANK started providing Lines of Credit to overseas governments, enabling them to import goods and services from India on favourable credit terms.

1991: INDIA EXIM BANK set up an Export Development Fund to support the export activities of small and medium-sized enterprises (SMEs) in India.

1992: INDIA EXIM BANK launched the Buyer's credit programme, which provides competitive financing to overseas buyers of Indian goods and services.

1994: INDIA EXIM BANK signed an agreement with the African Development Bank to set up the India-Africa Fund to support trade and investment between India and Africa.

1999: INDIA EXIM BANK established the India Development Fund to provide equity and quasi-equity support to Indian companies investing overseas.

The Export-Import Bank of India (INDIA EXIM BANK) has two subsidiaries.

EXIM Bank Asset Management Company Ltd. (EBAMC): It was incorporated in 2015 and is headquartered in Mumbai, India. EBAMC is a wholly owned subsidiary of INDIA EXIM BANK and is registered with the Securities and Exchange Board of India (SEBI) as a Category II Alternative Investment Fund (AIF). The company manages funds in the areas of infrastructure, private equity, and other alternative asset classes.

Export-Import Bank of India, London Branch: It is a subsidiary of INDIA EXIM BANK and operates as INDIA EXIM BANK's London branch. The London branch was established in 2006 and is located in London, UK. It provides a range of financial services to customers in the UK, Europe, and other countries. The services offered by Export-Import Bank of India, London Branch include trade finance, project finance, corporate lending, and advisory services.

INDIA EXIM FINSERVE IFSC Pvt Ltd.: It was incorporated in 2023 in International Financial Services Centre, GIFT City, Gujarat.