What would you like to do?
What is the history of exim bank of India?
i ts establish in 1981
3 people found this useful
Was this answer useful?
Thanks for the feedback!
There were many indigenous bankers even during ancient times likethe Shroffs, Mahajans, etc. The first bank was The Bank of Hindusthan started in 1770 at Calcutta. In 1786, Th…e General Bank ofIndia was started. Three Presidency banks were also started asquasi central banks. The Bank of Calcutta was established in 1806.The Allahabad Bank which exists even today was started in 1865. Itis also one of the earliest Joint Stock Bank of India. The firstcommercial bank in India was the Central Bank of India in 1911.
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 trad…e. 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.
the exim bank given support to the exporter and importer in terms of monetry as well as other work.
nop .... both are different development financial institution set up by the malaysian government with different purpose to compliment the financial system in Malaysia . EXIM s…tands for export-import bank Malaysia like it's name is suppose to help finanace import activities while sme - small medium enterprise bank aim at providing financial assist to small medium enterprise in Malaysia
E-banking in India dates back to the 1980s and was established toallow people to access a banking system using a telephone line. Itstarted with basic services and grew from th…ere. It's estimatedthat over 21 million people in India now use e-banking services.
The successful development in the banking business has become a complex process in the world of competition today. The development of marketing og a new service, the complexit…y of a new and different product, their market and therefore their process through which they developed, dictates that a number of different people, each which there own role, work together to create the service. The project represents a inform
the banking sector is groming,give a right platform to enhance my managerial skill,the prestige we get when we work in bank is non- comparable. the banking sector is groming,g…ive a right platform to... .
why you are choise build in career exim bank
BANK'S FUNCTIONS The Bank's functions are segmented into several operating groups including: Corporate Banking Group which handles a vairety of financing programmes for Ex…port Oriented Units (EOUs), Importers, and overseas investment by Indian companies. Project Finance / Trade Finance Group handles the entire range of export credit services such as supplier's credit, pre-shipment credit, buyer's credit, finance for export of projects & consultancy services, guarantees, forfaiting etc. Lines of Credit Group Lines of Credit (LOC) is a financing mechanism that provides a safe mode of non-recourse financing option to Indian exporters, especially to SMEs, and serves as an effective market entry tool. Agri Business Group, to spearhead the initiative to promote and support Agri-exports. The Group handles projects and export transactions in the agricultural sector for financing. Small and Medium Enterprises Group to the specific financing requirements of export oriented SMEs. The group handles credit proposals from SMEs under various lending programmes of the Bank. Export Services Group offers variety of advisory and value-added information services aimed at investment promotion Fee based Export Marketing Services Bank offers assistance to Indian companies, to enable them establish their products in overseas markets. Besides these, the Support Services groups, which include: Research & Planning, Corporate Finance, Loan Recovery, Internal Audit, Management Information Services, Information Technology, Legal, Human Resources Management and Corporate Affairs
you are just idiout....
What type of question is it? Which bank/type-of-bank you are talking about? There are hundreds of bank in the world named "Exim Bank".
Cause Exim bank is a renowned Bank as well as a fasted bank in our banking sector. if i serve like this bank i thing it is best opportunity to me.
There is no doubt that Exim Bank of India lots of advantages like:-The Small and Medium Enterprises through a wide range of productsand services offered at all stages of the b…usiness cycle, startingfrom import of technology and export product development to exportproduction, export marketing, pre-shipment and post-shipment andoverseas investment.
EXIM Bank provides a whole range of different services, from exchanges to 'green banking'. 'Normal Banks' offer mostly savings, bonds and debit/credit card.