Daily Archives: August 20, 2017

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What is the role of EXIM Bank?

Foreign ExchangeBy Surendra Naik August 20, 2017

EXIM bank of India was established by Government of India in 1982 under the Export-Import Bank of India Act, 1981 for the purpose of financing, facilitating and promoting India’s international trade. The bank conducts export market studies and assists Indian Joint ventures in third countries. The bank offers international merchant banking services and financing in…

What are the key activities of NABARD?

Indian Financial System, Loans and advancesBy Surendra Naik August 20, 2017

National Bank of Agriculture and Rural Development (NABARD) was initially promoted by Reserve Bank of India in 1982 under National Bank of Agriculture and Rural Development Act 1981. By its establishment NABARD substituted Agricultural Credit Department (ACD) and Rural Planning and Credit Cell (RPCC) of Reserve Bank of India, and Agricultural Refinance and Development Corporation…