Write short note on Export Import Bank of India

[neetubm]

It is apex institution for co-ordinating the working of institutions in India engaged in financing exports and import of goods and services. Exim Bank was established on Jan 01, 1982 (and started functioning wef March 01, 1982) under Export Import Bank of India Act 1982, which took over the export finance activities of IDBI. It raises funds by way of bonds and debentures, borrowing from RBI or other institutions, raising foreign deposits.

It undertakes following kind of functions:

- Direct finance to exporter of goods.
- Direct finance to software exports and consultancy services.
- Finance for overseas joint ventures and turnkey construction project
- Finance for import and export of machinery and equipment on lease basis
- Finance for deferred payment facility
- Issue of guarantees
- Multi-currency financing facility to project exporters.
- Export bills re-discounting
- Refinance to commercial banks in India
- Guaranteeing the obligations.

[PriyaJain]

Bank finance is good. When ever i am using Penny Stocks investment i am not need any finance. Penny stocks investment is like a betting, where you bet your money on the right cards. Prices of penny stocks fluctuate based on supply and demand. So you can win only if you can buy and sell shares at the right time. For a new investors that you should more skill about stock market. There are so many risk to face problem. And be careful from scammers.

[AltonDelmote]

I agree with you, life is always needed money and without money we can not seem to move. For that we must need more experience.

[Reyan miller]

Export-Import Bank of India is the premier export finance institution of the country. It commenced operations in 1982 under the Export-Import Bank of India Act 1981. Government of India launched the institution with a mandate to not just enhance exports from India, but also to integrate the country’s foreign trade and investment with the overall economic growth. Exim Bank of India has been both a catalyst and a key player in the promotion of cross border trade and investment.It providing financial assistance to exporters and importers, and for functioning as the principal financial institution for coordinating the working of institutions engaged in financing export and import of goods and services with a view to promoting the country’s international trade.