Our Services
- Export Credits
- Finance for Export Oriented Units
- Overseas Investment Finance
- Lines of Credit
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- Film Finance
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- Export Services
Annual Report 2011-12
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:: PRESS RELEASES |
Exim Bank Pays ` 205 Crore To Government Towards Return On Capital
Seen in the photograph (from left to right) Shri Sriram Subramaniam, Deputy General Manager and Regional Head, Exim Bank's New Delhi Office, Shri Anurag Jain, Joint Secretary, Department of Financial Services, Ministry of Finance, Shri T.C. A. Ranganathan, Chairman and Managing Director, Exim Bank, Shri Namo Narain Meena, Union Minister of State for Finance and Shri Prabhakar Dalal, Executive Director, Exim Bank.
Shri T. C. A. Ranganathan, Chairman & Managing Director, Export-Import Bank of India (Exim Bank), presented an RTGS receipt of ` 205 crore to Shri Namo Narain Meena, Union Minister of State for Finance, representing return on capital to the Government for the financial year ended March 31, 2012. The Bank made a post-tax profit of ` 675 crore for the financial year 2011-2012. Exim Bank's paid-up capital is entirely subscribed by the Government of India.
Exim Bank's principal objective is to finance export of projects, products and services from India through a variety of financing programmes including Lines of Credit to overseas entities and Buyer's Credits to overseas importers. Exim Bank, in conjunction with ECGC, has launched a new product viz. Buyer's Credit under Government of India's National Export Insurance Account (NEIA), under which the Bank finances project exports from India on medium to long term basis to foreign governments and government-owned entities, without recourse to Indian project exporters. Exim Bank also offers a comprehensive programme to support Indian investment overseas. The Bank is active in financing R&D, Innovation and Creative industries which have huge potential in diversifying India's export basket. The Bank has also set up separate Groups for supporting Small and Medium Enterprises and Rural Grassroot Business Initiatives. Exim Bank has launched a USD 500 million fund to assist export-oriented micro, small and medium enterprises (MSMEs) with long-term foreign currency loans through other commercial banks over the next five years.
For further information, please contact
Mr. S Srinivas,
General Manager,
Export-Import Bank of India,
Centre One Building, Floor 21,
World Trade Centre Complex, Cuffe Parade,
Mumbai 400 005.
Telephone: (022) 22172829,
Fax:(022) 22182572.
E-mail:cag@eximbankindia.in
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