May 03, 2016 3:56 AM ET

Banks

Company Overview of Export-Import Bank of India

Company Overview

Export-Import Bank of India operates as an export finance institution in India. It offers a range of export credit services, such as finance for export of projects and consultancy services, capital equipment finance, export project cash-flow deficit finance, and guarantees. It also provides financing package to Indian project exporters, including funded support and project related guarantee facilities. In addition, the company offers a line of credit to import developmental and infrastructure projects, equipment, goods, and services from India; financing programs for export oriented units and importers, as well as for overseas investments by Indian companies; and buyer's credit to overseas b...

Centre One Building

Floor 21

World Trade Centre Complex

Cuffe Parade

Mumbai,  400005

India

Founded in 1982

315 Employees

Phone:

91 22 2217 2600

Fax:

91 22 2218 2572

Key Executives for Export-Import Bank of India

Chairman and Managing Director
Group Head of Treasury, Accounts Group & the Information Technology Group and Chief General Manager
Group Head of Research & Analysis Group and Chief General Manager
Group Head for Lines of Credit, Administration Group and Chief General Manager
Group Head of the Bank's Legal Group & Stressed Assets Group and Chief General Manager
Age: 56
Compensation as of Fiscal Year 2015.

Export-Import Bank of India Key Developments

Exim Banks of India, Malaysia Ink Financial Cooperation Pact

Export Import (Exim) Bank announced that it has inked an agreement with its counterpart in Malaysia to strengthen financial cooperation. The memorandum of understanding (MoU) will also help guaranteeing and other financial mechanism to support projects of interest to both the banks. The pact was signed by Yaduvendra Mathur, Chairman and Managing Director, Export-Import Bank of India, and Norzilah Mohammed, Acting Chief Executive Officer, Export-Import Bank of Malaysia Berhad, in Tokyo on the sidelines of the Annual Meeting of the Asian Exim Banks Forum (AEBF). Under the MoU, both banks shall also endeavour to finance infrastructure and other projects in third countries where Malaysian and Indian enterprises are involved. It will also help promote economic cooperation and industrial development as per their respective mandates. Also, possibilities of financing in local currencies of eligible projects, including project finance, equipment financing, export and import financing, overseas investment financing, will also be explored.

Exim Bank Signs a Multilateral Agreement with NDB

Export-Import Bank of India (Exim Bank) announced that it has signed a multilateral agreement to cooperate with New Development Bank (NDB) along with other member development banks of BRICS nations. The agreement was signed between Exim Bank Chairman and Managing Director Yaduvendra Mathur and Chairpersons or Presidents of other member development banks of BRICS in Ufa, Russia during the BRICS Summit 2015. This MoU is aimed at sharing of knowledge, information and best practices; capacity building of personnel, including project development skills; promotion of joint events, research and programmes; development of effective and sustainable financing solutions for projects of mutual interest.

EXIM Plans To Raise INR 130 Billion In FY16

Export-Import Bank of India is planning to raise an additional INR 130 billionin the next fiscal. During the Budget presentation made by Union Finance Minister Arun Jaitley last week, a sum of INR 13 billion of capital has been earmarked for the EXIM Bank. Deputy Managing Director David Rasquinha said, "Last year also we received INR 13 billion as capital. I want to emphasize this capital is for the bank to grow. It is not because we are not meeting capital adequacy ratio. If the government gives INR 13 billion, we can borrow up to 10 times of that number" He further said, "From the government's allocation of INR 13 billion, we may raise up to INR 130 billion using various instruments. Last year the bank raised about $1.3 billion from various markets."

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