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Export-Import Bank of India (EXIM Bank)

The Export-Import Bank of India lends money to foreign governments and banks. That isn’t unusual for it. It’s the whole point.

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The Export-Import Bank of India (EXIM Bank) was set up in March 1982, under the Export-Import Bank of India Act, 1981.
Finance Minister R. Venkataraman first announced the plan in his Union Budget speech, on 18 June 1980.
EXIM Bank is wholly owned by the Government of India, which holds its entire paid-up capital. It falls under the Department of Financial Services, Ministry of Finance.
It functions as India’s principal export-credit institution. Its core role is financing and facilitating the export and import of goods, services, and technology.
EXIM Bank is headquartered in Mumbai, at the World Trade Centre Complex in Cuffe Parade.

In January 2019, the Union Cabinet approved a ₹6,000 crore recapitalisation, infused across FY 2018-19 and FY 2019-20. This raised EXIM Bank’s authorised capital from ₹10,000 crore to ₹20,000 crore.
EXIM Bank runs a Lines of Credit (LoC) programme. Under it, it extends credit to foreign governments and institutions, so they can import Indian goods and services on deferred payment terms.
In August 2021, EXIM Bank and SIDBI jointly launched the Ubharte Sitaare Programme. It is an Alternative Investment Fund that backs high-potential MSME exporters, through equity, debt, and technical support.
The National Export Insurance Account (NEIA) is a separate trust, administered by ECGC Ltd. EXIM Bank draws on it to insure its own medium- and long-term deferred-credit lending to overseas buyers.
EXIM Bank’s current Chairman and Managing Director is Harsha Bangari.

EXIM Bank and ECGC Ltd split India’s export-support role between them. EXIM Bank provides the financing; ECGC provides the credit insurance that protects exporters against buyer default.
EXIM Bank’s founding followed nearly two decades of policy debate, over whether India needed a specialised export-credit agency at all, modelled on institutions like the US Exim Bank.
Because it lends to sovereign governments on deferred terms, EXIM Bank’s Lines of Credit double as a foreign-policy tool. They fund infrastructure abroad much like grant-based aid programmes do, but as loans, not gifts.
EXIM Bank has opened newer offices too, including in Bhubaneswar and São Paulo. This reflects a push into new domestic and export markets, including Latin America.

18 May 2026: EXIM Bank said it is targeting 10% loan-book growth in FY 2026-27, on a constant-currency basis, down from 12% growth in FY26 (currency effects alone had boosted that figure by up to 5 percentage points). CMD Harsha Bangari cited resilient exporter demand, despite West Asia tensions. (Source: Business Standard)
18 May 2026: The bank plans to borrow ₹99,500 crore in FY27, up from ₹86,000 crore in FY26, including $3.5 billion in overseas borrowings. (Source: Business Standard)
5 May 2026: India Exim Bank signed a Trade Assistance Programme agreement with Mongolia’s Golomt Bank, at the Asian Development Bank’s Annual Meetings in Samarkand. It aims to support incremental trade between India and Mongolia. (Source: Exim Bank India)