EXIM bank was established in the year?

a. 1957

b. 1992

c. 1982

d. 1981

ANSWER: 1982

Explanation:

Export–Import Bank of India (EXIM) is the premier export finance institution in India, established in 1982 under Export-Import Bank of India Act 1981.

Organization Structure

Exim Bank is managed by a Board of Directors, which has representatives from the Government, Reserve Bank of India, Export Credit Guarantee Corporation of India, a financial institution, public sector banks, and the business community.

Functions

The Bank's functions are segmented into several operating groups -

Corporate Banking Group

Project Finance/Trade Finance Group

Small and Medium Enterprise

Export Services Group

Export Marketing Services

Support Services Group

EXIM - Export-Import Bank of India

Founded : 1982

Headquarter : Mumbai, India

Current Head : Yaduvendra Mathur (Chairman & MD)