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May 07, 2015 5:29 AM ET

Diversified Financial Services

Company Overview of Export-Import Bank of India

Company Overview

Export-Import Bank of India operates as an export finance institution in India. The company 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 for overseas turnkey projects, civil construction contracts, technical, and consultancy service contracts, as well as for supplies. In addition, the company offers a line of credit for export of projects, equipment, goods, and services from India; financing programs for export oriented...

Centre One Building

Floor 21

World Trade Centre Complex

Cuffe Parade

Mumbai,  400005

India

Founded in 1982

295 Employees

Phone:

91 22 2217 2600

Fax:

91 22 2218 2572

Key Executives for Export-Import Bank of India

Chairman and Managing Director
Regional Head of Mumbai
Regional Head of Kolkata
Deputy Managing Director and Executive Director
Age: 52
Regional Head of Chandigarh
Compensation as of Fiscal Year 2014.

Export-Import Bank of India Key Developments

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."

Export-Import Bank of India Reports Earnings Results for the Half Year Ended September 30, 2014

Export-Import Bank of India reported earnings results for the half year ended September 30, 2014. For the period, the company reported total income of INR 36.53 billion compared to INR 36.67 billion a year ago. Provision for income tax was INR 1.68 billion against INR 2.21 billion a year ago.

EXIM Bank of India Announces Executive Appointments

The Appointment Committee of the Cabinet (ACC) has approved the appointment of following officials as Deputy Managing Director (DMD), EXIM Bank of India from the date of taking over the charge of the said post: Debasish Mallick, presently MD & CEO, IDBI Asset Management Company Ltd. and David Rasquinha, presently Executive Director, Export-Import (EXIM) Bank.

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