Exim Bank

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• Exim Bank, Commercial Bank and Ecgc Functions Essay

  ...* EXIM BANK'S FUNCTIONS The Bank's functions are segmented into several operating groups including: * Corporate Banking Group which handles a variety of financing programmes for Export Oriented Units (EOUs), Importers, and overseas investment by Indian companies. * Project Finance / Trade Finance Group handles the entire range of export credit services such as supplier's credit, pre-shipment credit, buyer's credit, finance for export of projects & consultancy services, guarantees, forfeiting etc. * Lines of Credit Group Lines of Credit (LOC) is a financing mechanism that provides a safe mode of non-recourse financing option to Indian exporters, especially to SMEs, and serves as an effective market entry tool. * Agri Business Group, to spearhead the initiative to promote and support Agri-exports. The Group handles projects and export transactions in the agricultural sector for financing. * Small and Medium Enterprises Group to the specific financing requirements of export oriented SMEs. The group handles credit proposals from SMEs under various lending programmes of the Bank. * Export Services Group offers variety of advisory and value-added information services aimed at investment promotion * Fee based Export Marketing Services Bank offers assistance to Indian companies, to enable them establish their products in overseas markets. * Besides these, the Support Services groups, which...

  1079  Words | 4  Pages

• Essay about commercial banks

  ... Functions of Commercial Banks Luqmaan Zainulabdeen3487 CONTENTS Definition and nature of a commercial bank Primary functions Secondary functions The explanation of those functions Conclusion Definition of a Commercial Bank A commercial bank is basically a financial institution that provides services such as, accepting deposits, granting loans and so much more services. There are two functions in a commercial bank. A primary function and a secondary function. Nature of a Commercial Bank One main task for a bank is to accept deposits and give out loans. When a bank accept deposits, its considered as a liability and when they give out loans, its considered to be an asset for the bank. This id the nature of the bank. Primary Function Primary function in a bank consists of Acceptance of deposits. Advancing loans. Creation of credit. Clearing of cheques. Financing of foreign trade. Remittance of funds. Secondary Function Secondary function in a bank consists of Agency services General utility services -1403351500505 This is a breakdown of the functions in a commercial bank. Acceptance of deposits Commercial bank accepts different types deposits from the public or customers. Saving deposits, fixed deposits, recurring account deposits and etc. The only...

  735  Words | 2  Pages

• Performance Evaluation of Trust Bank Essay

  ...1. Introduction The very first credit transaction in history certainly took place hundreds of years ago, before the existence of bank, credit bureaus, or credit departments. As the time passed, financial institutions developed to put funds from savers into the hands of borrowers who used this value to create economic value. Credit contributed to economic growth of countries throughout the world as it makes goods and services available to consumers, businesspersons, and governments. Although the basic tasks of evaluating risk, extending credit, and collecting payments have not changed, the mechanisms for marketing and conducting credit programs have changed dramatically over the years. Computers using sophisticated credit scoring systems speed up the disbursement and collection of account balances. Credit bureaus maintain vast database of information about borrowers available online through computer networks. Lenders continue to find more ways to offer more credit options to businesses and consumers. Definition of Credit  In a financial system of any economy, we know, financial surpluses mobilized from surplus economic unit and transferred to the deficit economic unit. In the banking world, the bank acts as an intermediary in between deficit economic unit & surplus economic unit. Bank mobilizes the fund from surplus economic unit as deposit & makes the fund available to the deficit unit. The style of making the...

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• Essay about Trade Finance Roles of Banks

  ...TRADE FINANCE ROLES OF BANKS Prepared by Goodluck Nkini Manager Trade Finance CRDB Bank Limited. March 2005 Definition: Trade financing is the provision of any form of financing that enables a trading activity to take place and which may be made directly to the supplier, to facilitate procurement of items for immediate sale and/or for storage for future activities,or it could be provided to the buyer, to enable him meet contract obligations. Importance of Trade Finance The availability of trade finance, particularly in developing and least-developed countries, plays a crucial role in facilitating international trade. Exporters with limited access to working capital often require financing to process or manufacture products before receiving payments. Conversely, importers often need credit to buy raw materials, goods and equipment from overseas. The Role played by a Commercial Bank Provide Information to buyers and sellers (advisory role) Settlements for Trade Transactions Provide Financing Manage currency risks Take market risks Settlements for Trade Transactions Open Account Advance Payments Documentary Collections Letters of Credit Provide Financing Working capital loans or overdraft, term loans. Issuing Bank Guarantees Issuance of Letters of credit (L/Cs) Accepting and Confirming Letters of Credit Discounting Export documents Structured finance Manage Currency...

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• Mis Practise in Exim Bank Essay

  ...competitive today. To be able to survive and grow in the changing market environment banks are going for the latest technologies. The banking industry has changed in the way they provide service to their customers. The financial sector made remarkable progress in adopting electronic forms of payments instead of traditional paper-based ones in the just concluded year. Information Technology has brought about this momentous transformation. Securities of IT systems for a financial institution have therefore gained much greater in importance. Moreover Information and information technology systems are essential assets of the banks and as well as for their customers and stake-holders. Customers are now demanding new, more convenient, delivery systems. The use of debit card, credit card, automated teller machine (ATM), internet banking, mobile banking, automated check processing and credit information system increased significantly in 2011. So, to ensure efficient and effective banking operation, there is no alternative to the implementation of information & technology. IT turned all banking procedure in a faster, easier & reliable mode. EXIM Bank It has set up a new standard in financing in the Industrial, Trade and Foreign exchange business. Its various deposit & credit products have also attracted the clients, both corporate and individuals who feel comfort in doing business with the Bank and...

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• Assignment on EXIM Bank Essay

  ...Profile of EXIM Bank Export Import Bank of Bangladesh Limited (EXIM Bank) was established in the year 1999 under the leadership of Late Mr. Shahjahan Kabir, Founder Chairman who had a long dream of floating a commercial bank which would contribute to the socio-economic development of our country. He had a long experience as a good banker. A group of highly qualified and successful entrepreneurs joined their hands with the founder chairman to materialize his dream. Indeed, all of them proved themselves in their respective business as most successful star with their endeavor, intelligence, hard working and talent entrepreneurship. Among them, Mr. Nazrul Islam Mazumder who is an illuminated business tycon in the Garments business in Bangladesh became the Honorable Chairman after the demise of the honorable founder chairman. He is also the chairman of Bangladesh Association of Banks (BAB). The Bank starts functioning from 3rd August, 1999 with its name as Bengal Export Import Bank Limited. On 16th November 1999, it was renamed as Export Import Bank of Bangladesh Limited with Mr. Alamgir Kabir as the Founder Advisor and Mr. Mohammad Lakiotullah as the Founder Managing Director respectively. Under the leadership of Mr. Lakiotullah, the Bank has migrated all of its conventional banking operation into Shariah Based Islami...

  714  Words | 7  Pages

• Bank Essay

  ...intermediary is a bank that consolidates deposits and uses the funds to transform them into loans. Through the process of financial intermediation, certain assets or liabilities are transformed into different assets or liabilities. As such, financial intermediaries channel funds from people who have extra money or surplus savings (savers) to those who do not have enough money to carry out a desired activity (borrowers). A financial intermediary is typically an institution that facilitates the channeling of funds between lenders and borrowers indirectly. That is, savers (lenders) give funds to an intermediary institution (such as a bank), and that institution gives those funds to spenders (borrowers). This may be in the form of loans or mortgages. Alternatively, they may lend the money directly via the financial markets, which is known as financial disintermediation. In the context of climate finance and development, financial intermediaries generally refer to private sector intermediaries, such as banks, private equity, venture capital funds, leasing companies, insurance and pension funds, and micro-credit providers. Increasingly, international financial institutions provide funding via companies in the financial sector, rather than directly financing projects. Functions performed by financial intermediaries Financial intermediaries provide three major functions: 1. Maturity transformation. Converting short-term liabilities...

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• EXIM finance Essay

  ...advance granted or any other credit provided by a bank to an exporter of goods / services from India from the date of extending credit after shipment of goods / rendering of services to the date of realisation of export proceeds as per the period of realization prescribed by Reserve Bank of India (RBI) and includes any loan or advance granted to an exporter, in consideration of, or on the security of any duty drawback allowed by the Government from time to time. As per extant guidelines of RBI, the period prescribed for realisation of export proceeds is 12 months from the date of shipment. It provides the exporters with working capital between the time of the receipt of order and the time of shipment to arrange for production or procurement of goods. Pre-shipment finance is of particular importance to small scale manufacturers and exporters who do not possess sufficient financial resources to meet the expenditure involved in the production of goods for export. Pre shipment finance is normally provided by the commercial banks. As in the case of many other advances the bank takes into consideration a number of factors before making the necessary other advances to exporters viz., (1) honesty, integrity and capital of the borrower, (2) exporter’s experience in the line, (3) security offered, (4) the margin of interest (5) the bank’s experience about the exporter to ensure that his name does not appear on the caution...

  4416  Words | 16  Pages