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The Export-Import Bank of India, or Exim Bank, is a particular type of India founded in 1982. India’s main job at the bank is to finance, facilitate, and promote its foreign trade. The Indian Government owns it and runs it as a statutory company. The Export-Import Bank of India Act of 1981 sets the rules for how it works.
Indian exporters and importers can get many different banking services from Exim Bank. Some of these services include Export credit, pre-shipment credit, and foreign investment finance. The bank also helps Indian businesses that want to do business in other countries by giving them advice and other services. In addition to doing business in its own country, Exim Bank is also very active in other countries. It has formed partnerships with other foreign development banks and financial institutions to help India and other countries trade and invest.