These infographics done masterfully by Kokila Bhattacharya give a holistic picture of the Indian Exim bank – the institution and impacts of the investments. This series of infographics effectively depict the reach of Exim bank across the world, sectors of investment, NPAs and also the need to hold the bank accountable. It also specifically shows the impacts of the Indian investments in Bangladesh and Mozambique.
Established in 1982 under the Export-Import Bank of India Act, 1981, ExIm Bank of India is a fully state owned Financial Institution, with stated objective of ‘providing financial assistance to exporters and importers’ and facilitate globalisation of Indian business. It has, as of September 2020 266 Lines of Credit, covering 62 countries in Africa, Asia, Latin America and the CIS, with credit commitments of around USD 26.40 billion. With multiple lending programmes like Buyer’s Credit under NEIA, Corporate Banking, Overseas Investment Finance, Project Finance, Line of Credit (LoC) and agreements with other development banks, it has rapidly shifting from a borrower to a lender. The bank has successfully expanded its area of influence, its range of products and its investment.
Despite the magnitude of credits and its influence, EXIM bank has largely managed to stay out of public scrutiny. Even when the NPA crisis of banks made headlines, EXIM bank managed to stay out of the limelight.
These infographics highlight the need for Accountability and safeguard policies for Exim bank.