Export–Import Bank of India was established in 1982 under the Export-Import Bank of India Act 1981. Since its inception, Exim Bank of India has been both a catalyst and a key player in the promotion of cross border trade and investment. Over the period, it has evolved into an institution that plays a major role in partnering Indian industries, particularly the Small and Medium Enterprises, … Continue reading EXIM Bank

Islamic Development Bank

The Islamic Development Bank is an international financial institution established in pursuance of the Declaration of Intent issued by the Conference of Finance Ministers of Muslim Countries held in Jeddah in December 1973, and the Bank was formally opened on 20 October 1975. The purpose of the Bank is to foster the economic development and social progress of member countries and Muslim communities individually as … Continue reading Islamic Development Bank

Differentiated and Payment Banks

Differentiated Banks This system of banks is different from universal banks as they are mandated to serve niche interests and can offer limited products. Payment banks and small banks are part of differentiated banking. The purpose of these banks is to promote financial inclusion. Nachiket Mor committee in 2014 recommended the establishment of such institutions. Payment Banks Objective of payments banks is to increase financial inclusion by providing … Continue reading Differentiated and Payment Banks