About EXIM Bank

• Export-Import Bank of India is a specialized financial institution, wholly owned by Government of India, set up in 1982, for financing, facilitating and promoting foreign trade of India. 
• EXIM Bank provides financial assistance to exporters and importers. 
• It functions as the principal financial institution for coordination the work of institutions engaged in financing export and import of goods and services with a view to promoting the country’s international trade.

Why in News?

• The Exim Bank has raised $1 billion through a dollar-bond sale to international investors.

Reference:

1. https://www.financialexpress.com/market/exim-bank-sells-bonds-worth-1-billion-to-global-investors-at-dirt-low-rate/2164720/