The Export-Import Bank of India Act, 1981

The Export-Import Bank of India Act, 1981 is an Act of the Indian Parliament that was enacted to establish the Export-Import Bank of India. The Bank was established to provide financial assistance to exporters and importers, and to facilitate the country's international trade. The Act defines the Bank's objectives, powers, functions, and management. The Bank is responsible for providing financial assistance in the form of loans, guarantees, and credit insurance to Indian exporters and importers. It also provides advisory services to them and promotes cross-border trade. The Bank is regulated by the Reserve Bank of India and is governed by a Board of Directors appointed by the Central Government. The Act also specifies the Bank's capital structure, borrowing powers, and other operational aspects.