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.