Section 12 of EXIM Bank Act : Section 12: Borrowings And Acceptance Of Deposits By Exim Bank
EXIM Bank Act
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Explanation using Example
Imagine a scenario where the Export-Import Bank of India (Exim Bank) is looking to raise funds to extend a line of credit to an Indian exporter who has secured a large contract to supply machinery to a foreign buyer. To facilitate this, the Exim Bank decides to:
- Issue bonds to the public, promising to pay back with interest. To attract more investors, they request the Central Government to guarantee these bonds.
- The Exim Bank also...
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