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1ANNUAL REPORT 2018-19

{df¶ dñVw CONTENTS

{ZXoeH$ ‘§S>b Board of Directors 02

à~§Y {ZXoeH$ H$m d³Vì` Managing Director's Statement 04

Am{W©H$ n[adoe Economic Environment 15

{ZXoeH$mo§ H$s [anmoQ>© Directors' Report 25

ì¶dgm¶ n[aMmbZ Business Operations 33

{dÎmr¶ {ddaU Financial Statements 79

{Z¶m©V {dH$mg H$mof The Export Development Fund 173

^maVr¶ {Z¶m©V-Am¶mV ~¢H$

22 dm{f©H$ [anmoQ>© 2018-19

nyU©H$m{bH$ {ZXoeH$ Whole-time Directors

lr S>o{dS> añH$sZm à~§Y {ZXoeH$

Shri David Rasquinha Managing Director

lr Xo~m{eg ‘{ëbH$ Cn à~§Y {ZXoeH$

Shri Debasish Mallick Deputy Managing Director

{ZXoeH$ ‘§S>b BOARD OF DIRECTORS

^maV gaH$ma H$m à{V{Z{YËd H$aZo dmbo {ZXoeH$ Directors representing the Government of India

^maVr¶ [aµOd© ~¢H$, g§ñWmAm| Am¡a dm{UpÁ`H$ ~¢H$m| go {ZXoeH$ Directors from the Reserve Bank of India, Institutions and Commercial Banks

lr {~ÚwV {~hmar ñd¡Z Ana g{Md

dm{UÁ` {d^mJ dm{UÁ` Ed§ CÚmoJ ‘§Ìmb`

Shri Bidyut Behari Swain Additional Secretary

Department of Commerce Ministry of Commerce and Industry

lr a‘oe A{^foH$g{Md

CÚmoJ g§dY©Z Am¡a Am§V[aH$ ì`mnma {d^mJdm{UÁ` Ed§ CÚmoJ ‘§Ìmb`

Shri Ramesh Abhishek Secretary

Department for Promotion of Industry and Internal Trade

Ministry of Commerce and Industry

lr Q>r. Eg. {Vé‘y{V© g{Md (Am{W©H$ g§~§Y)

{dXoe ‘§Ìmb`

Shri T. S. Tirumurti Secretary (ER)

Ministry of External Affairs

S>m°. E‘. S>r. nmÌm H$m`©nmbH$ {ZXoeH$ ^maVr` [aµOd© ~¢H$

Dr. M. D. Patra Executive Director

Reserve Bank of India

lr aOZre Hw$‘ma AÜ`j

^maVr` ñQ>oQ> ~¢H$

Shri Rajnish Kumar Chairman

State Bank of India

lr‘Vr JrVm ‘wabrYa AÜ`j-gh-à~§Y {ZXoeH$

B©grOrgr {b{‘Q>oS>

Smt. Geetha Muralidhar Chairman-cum-Managing Director

ECGC Ltd.


(`Wm 23 ‘B©, 2019 H$mo) (As on May 23, 2019)

nyU©H$m{bH$ {ZXoeH$ Whole-time Directors

^maV gaH$ma H$m à{V{Z{YËd H$aZo dmbo {ZXoeH$ Directors representing the Government of India

^maVr¶ [aµOd© ~¢H$, g§ñWmAm| Am¡a dm{UpÁ`H$ ~¢H$m| go {ZXoeH$ Directors from the Reserve Bank of India, Institutions and Commercial Banks

lr Ho$. amOma‘Z Ana g{Md ({Zdoe) Am{W©H$ H$m`© {d^mJ

{dÎm ‘Ìm§b`

Shri K. Rajaraman Additional Secretary (Investment) Department of Economic Affairs

Ministry of Finance

lr n§H$O O¡Z Ana g{Md

{dÎmr` godmE§ {d^mJ {dÎm ‘Ìm§b`

Shri Pankaj JainAdditional Secretary

Department of Financial Services Ministry of Finance

lr amHo$e e‘m© à~§Y {ZXoeH$ Ed§ grB©Amo AmB©S>r~rAmB© ~¢H$ {b{‘Q>oS>

Shri Rakesh Sharma Managing Director & CEO

IDBI Bank Ltd.

lr amO{H$aZ am` Or. à~§Y {ZXoeH$ Ed§ grB©Amo `y{Z`Z ~¢H$ Am°’$ B§{S>`m

Shri Rajkiran Rai G. Managing Director & CEO

Union Bank of India

lr XrZ~§Yw ‘hmnmÌ à~§Y {ZXoeH$ Am¡a grB©Amo

~¢H$ Amµ°’$ B§{S>`m

Shri Dinabandhu Mohapatra Managing Director & CEO

Bank of India


44 dm{f©H$ [anmoQ>© 2018-19

à~§Y {ZXoeH$ H$m d³Vì` MANAGING DIRECTOR'S STATEMENT

When the going gets tough, the tough get going – so goes the age old proverb and I am happy to convey that the Export-Import Bank of India (Exim Bank) emerged from the storm relatively unscathed. The financial system in the country has faced many challenges of late and the Bank was also impacted. Exim Bank posted a loss in FY 2017-18, a first since its inception more than three decades back– but by the end of FY 2018-19, the Bank returned to a modest double-digit-profit. Despite the gloom, the Bank was not deterred and exhibited remarkable resilience, aided by the various measures which were put together by the Reserve Bank of India and the Central Government.

Globally, the GDP figures have been lacklustre, with International Monetary Fund projecting a drop from 3.6 per cent growth in 2018 to 3.3 per cent in 2019. In line with the GDP figures, the trade figures are equally dismal, if not more. The current outlook for global trade is not encouraging largely because of

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the all-out trade war between the US and China, which continues to escalate. The escalating protectionist tendencies against the backdrop, including the uncertainty over Brexit also remain a cause of concern. These challenges coupled with a deceleration in overall economic activity had slowed the global trade significantly in 2018, with merchandise trade growth being restricted to 3.0 per cent, as compared to 4.6 per cent in 2017. According to the World Trade Organisation, this downward trend is expected to continue even in 2019, with trade projected to grow by just 2.6 per cent – which is a 2.0 percentage points reduction in a mere two years' span.

Amidst this, Exim Bank continued its task of facilitating growth of Indian companies abroad and boosting the globalisation of Indian goods and services. The Bank has been delivering on its mandate from the Government of India (GOI) towards implementation of various strategic projects as well. Recognising the pivotal role played by Exim Bank in aiding India’s strategic priorities, the Government, in the last few years, has bestowed its continued support to the Bank.

Mandate of Socio-Economic Transformation in other Developing Countries

The Government of India introduced the India Development Economic Assistance Scheme (IDEAS), in 2004, as a means towards extending financial support for capacity building in less developed and developing economies. Exim Bank has been entrusted with the responsibility to extend concessional Lines of Credit (LOCs) at the behest of GOI under this scheme. The guidelines have been modified to meet the changing requirements of time, and a Project Preparation Facility has been announced as a part of the IDEAS, to provide technical assistance to the development partner countries in preparation of Detailed Project Reports (DPRs) towards establishing the viability of projects that could be considered for concessional financing under LOCs. During the year, the Bank extended 18 LOCs, aggregating US$ 2.31 billion, to the Governments of Cuba, D.R Congo, Maldives, Mozambique, Papua

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66 dm{f©H$ [anmoQ>© 2018-19

New Guinea, Rwanda, Senegal, Seychelles, Suriname, Tanzania and Uzbekistan. As on March 31, 2019, there are 246 GOI-LOCs with credit commitments aggregating US$ 24.28 billion, benefitting 63 countries globally in Africa, Asia, Latin America and the CIS, for financing crucial development projects in sectors as diverse as power, roads, health systems and information technology. Over the years, the LOC programme facilitated by Exim Bank has acted as an effective market entry and market diversification tool for Indian exporters.

Besides the LOC programme, Exim Bank also introduced a Buyer's Credit scheme under the National Export Insurance Account (BC-NEIA) programme in 2011. Under this unique financing programme, the Bank extends credit to sovereign governments and government owned entities abroad for import of Indian goods and services on deferred credit terms, for a medium to long-term period. The Bank has sanctioned an aggregate amount of US$ 2.58 billion, for 21 projects, valued at US$ 2.78 billion under the BC-NEIA programme, as on end March 2019.

A strategic project, which is being financed by Exim Bank is the Maitree Power Project in Bangladesh. For this project, Exim Bank has committed to finance US$ 1.60 billion under the Concessional Financing Scheme of the Government of India. The beneficiary, the Bangladesh India Friendship Power Company Pvt. Ltd., is a 50:50 JV between NTPC Ltd. and the Bangladesh Power Development Board. Once commissioned, it is expected to be the largest power plant in the country.

In order to catalyse Indian investments in Cambodia, Lao PDR, Myanmar and Vietnam (CLMV), the Bank, in consultation with the Department of Commerce, Ministry of Commerce and Industry, GOI, has developed a framework of a Project Development Fund. Under the initiative, four projects, in sectors such as healthcare in Cambodia and Myanmar, education in Myanmar and pharmaceuticals in Vietnam, have been identified for preparation of DPRs. The DPRs have since been finalised. Exim Bank is now in the process of implementing projects in the region based on the findings of the DPRs. The projects will be implemented under special purpose vehicles to be set-up in the CLMV region.

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The Bank also undertakes periodic consultations with its trade partners towards enhancing and realising the bilateral trade and investment potential. During the year, the Bank and the Ministry of Commerce and Industry, jointly organised three interactive seminars towards strengthening strategic economic cooperation with the countries of Africa, Latin America and Caribbean, and Europe and Oceania. The events were aimed at facilitating interactions with the Ambassadors / High Commissioners representing the countries in these regions, to discuss the potential for enhancing bilateral trade and investment, and strategies for realizing the untapped business potential in the regions.

ENHANCING COMPETITIVE LANDSCAPE

Exim Bank, over the years, has been at the forefront of supporting Indian business entities in augmenting their footprint globally. Purposes of such Indian companies have been varied, from accessing markets and resource seeking, to diversification.

Recognising the immense and growing appetite of India to explore the overseas market, the Bank has tailored financing solutions in the form of funded and non-funded assistance. These include solutions for setting up new export oriented units, their expansion, modernisation, purchase of equipment, and also for research and development. The Bank’s lending programmes for export capability creation and overseas investment have led to several success stories in the past decades.

During the year, more than a dozen corporates were sanctioned funded and non-funded assistance aggregating ` 11.36 billion for part financing their overseas investments. Overseas investments supported during the year include acquisition of license rights for an iconic and leading designer lifestyle brand in USA; acquisition of a veterinary health company in Germany with focus on cattle and swine segments; and acquisition and working capital requirements of a logistics chain in Europe, amongst others. So far, Exim Bank has provided finance to 621 ventures set up by 467 companies in 78 countries, with the value of support aggregating ` 584.27 billion. The Bank is privileged and proud to

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be associated with some of the key Indian corporates which have scaled new heights partnering with the Bank.

TOUCHING GRASSROOTS, CREATING LIVELIHOODS

Exim Bank also takes cognizance of the latent potential of many grassroots entrepreneurs who aspire for a presence in a much wider market. Given the need perceived, the Bank has curated niche programmes like the Grassroots Initiatives for Development and Marketing Advisory Services, which actively support artisans, clusters, self-help groups and NGOs, in their capacity-building efforts, and help them secure access to institutional financing and technology. These programmes revive the rich heritage of Indian culture, amongst others, by helping grassroots artisans secure higher value for their products, and ensure sustainable livelihoods.

For example, during FY 2018-19, the Bank provided, inter alia, financial assistance to a social enterprise engaged in bee-keeping to increase agricultural productivity and helped enhance incomes and improve livelihoods of marginal farmers in India. Further, to build capacity and capability, the Bank supported a month-long design development and technical training workshop for bamboo and cane craftsmen. The Bank also worked alongside the Centre for Microfinance & Livelihood (CML), an initiative of Tata Trusts in the North Eastern region, to develop a new product range out of Bamboo, for the export markets. Capacity building workshops were also conducted for the Kauna artisan cluster in Manipur, master weavers in Phalodi village in Rajasthan, amla growers and producers of Pratapgarh in Uttar Pradesh, amongst others. The Bank also intervened in the Ladakh region to support the next generation of weavers and knitters of pashmina wool, which helped them in the process of getting a copyright / patent for a motif pattern native to Ladakh.

Since 2017, the Bank has been supporting grassroots enterprises and craftsmen across India through ‘Exim Bazaar’ - a unique platform bringing together a kaleidoscopic collection of exquisite handcrafted and handwoven items. The Bank organised two editions of

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Exim Bazaar during the year, one each in Mumbai and Ahmedabad.

RESOURCES

The Government in the FY 2018-19 approved issuance of recapitalisation bonds to the tune of ` 60 billion for capital infusion in Exim Bank. While ` 45 billion has already been infused in this year, another ` 15 billion is envisaged to be infused in 2019-20. The infusion of capital into Exim Bank will enable it to maintain capital adequacy and support Indian exports with enhanced ability. The Government also approved an increase in the authorised capital of Exim Bank from ` 100 billion to ` 200 billion.

During the year, the Bank raised foreign currency resources aggregating US$ 1.22 billion equivalent through a variety of instruments, and across a wide investor base and geographies. The Bank also raised funds through loans and private placement of bonds. The funds raised will be used by the Bank to support Indian overseas investments by way of long-term credit and project exports through the LOC and buyer's credit portfolio.

EXTENDING ADVISORY SERVICES

Given Exim Bank’s vast experience of over three decades in financing India’s international trade and investment in a developing country context, and its distinguished track record in undertaking institution building activities in other developing countries, the Kingdom of Saudi Arabia (KSA) has requested the Bank to tailor the financing programmes for its newly set up Saudi EXIM Bank. The Bank will be guiding the Saudi EXIM Bank in achieving the KSA’s Vision 2030, which endeavours to raise the share of non-oil exports in non-oil GDP from 16 per cent to 50 per cent by 2030.

During the year, Exim Bank also successfully concluded a capacity building assignment for the Ghana Export-Import Bank and provided technical assistance across various operational areas.

RESEARCH AND ANALYSIS

The Bank has a strong Research and Analysis team offering a range of research insights on aspects of

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international economics, trade and investments. The Bank collaborated with Afreximbank, the pan-African Exim Bank, to bring out a joint publication titled ‘Deepening South-South Collaboration: An Analysis of Africa and India’s Trade and Investment’. Besides, the Bank has also brought out two important studies titled ‘Indian Services Trade Liberalisation and Export Promotion’, and ‘Non-Tariff Measures on Indian Exports’.

Exim Bank recognises the fact that exports from India cannot be looked at in silos, and that an overall impetus would be required at the State level as well. In recognition of the need for such efforts at the State level and in accordance with its mandate of promoting India’s international trade, the Bank has been engaging with various State Governments to evaluate the export performance and potential, and outline strategies for development of trade competitiveness at the State level. The Bank has already designed export strategies for states such as Andhra Pradesh, Rajasthan, Uttar Pradesh and West Bengal. During this year, the Bank concluded three State level studies, viz., a study in conjunction with the Government of Madhya Pradesh, followed by study on the ‘Export Strategy of Bihar’, undertaken on the advice of the State Government of Bihar; and a study exploring means to reinvigorate the export potential of Punjab.

The Bank had established the International Economic Research Annual Award in 1989 to motivate doctoral research by Indian nationals in international economics, trade, development, and related financing at universities and academic institutions in India and abroad. Dr. Amrita Saha, currently associated with the Institute of Development Studies, UK, received the Award in 2018.

Further, to stimulate and encourage advanced research on economics and related topics of contemporary relevance in the member nations of BRICS, Exim Bank constituted a BRICS Economic Research Award. During the 8th Annual BRICS Financial Forum in 2018, it was presented to Dr. Zheli He, a Chinese national.

As part of its continued research initiatives, Exim Bank during the last fiscal developed an in-house

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model to generate an Export Leading Index (ELI) for India, to track and forecast the movement in India’s exports on a quarterly basis. The model and the forecast result are also reviewed periodically by a standing technical committee of domain experts.

GLOBAL RECOGNITIONS

The Bank also participates in various events globally, wherein the Bank showcases its activities to a larger audience. As an outcome of such participation, the Bank’s innovative products, services and practices have been recognised and awarded by various institutions. The Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) based in the Philippines acknowledged the Bank’s contribution to development under the “SME Development” category by conferring the 2018 Outstanding Development Project Award to its innovative programme, ‘Exim Bazaar’. The Bank received the ‘Sustainable Finance Award’ from the Latin American Association of Development Financing Institutions (ALIDE), based in Peru; and the ‘Best Innovation in Sustainable Financial Products & Services’ Award from Association of African Development Finance Institutions (AADFI) which is based in Cote d'Ivoire.

RECOGNITIONS IN INDIA

The Bank has also won two prizes for ‘Exim Bazaar’ at the 40th Public Relations Society of India National Awards, 2018, the first prize under the ‘Best Use of Social Media in Campaign’ category; and the second prize under the ‘Event Management’ category. The Bank also received awards from the Association of Business Communications of India.

MULTILATERAL LINKAGES

Under the BRICS Interbank Co-operation Mechanism, the Bank entered into a multilateral co-operation agreement on ‘Collaborative Research on Distributed Ledger and Block Chain Technology in the Context of Development of the Digital Economy’, with the development banks of the BRICS nations. The Bank also participated in the 2018 Annual Meeting and the Financial Forum of the BRICS Interbank Co-operation Mechanism held in South Africa.

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The Bank continues to partner with multilateral financial institutions, so as to disseminate information to Indian companies to help them improve their prospects for securing business in projects funded by the World Bank, Asian Development Bank (ADB), African Development Bank (AfDB) and European Bank for Reconstruction and Development (EBRD). During the year, Exim Bank organised two interactive seminars in partnership with ADB, on International Business Opportunities, in Kolkata and Bengaluru. A similar exercise was also steered with the World Bank and a workshop for project exporters across various sectors was organized in New Delhi.

The Bank over the years has developed excellent relationships with its peers across the globe. The Bank participated in the twenty fourth Annual Meeting of the Asian Exim Banks Forum held in Thailand, and in the thirteenth Annual General Meeting of the Global Network of Exim Banks and Development Finance Institutions (G-NEXID) held in Indonesia.

BOARD OF DIRECTORS

The Bank has an esteemed list of Directors on its Board, who have been guiding the Bank towards attaining its chartered objectives. They include, Shri Ramesh Abhishek, Secretary, Department for Promotion of Industry and Internal Trade, Ministry of Commerce & Industry; Shri T. S. Tirumurti, Secretary (Economic Relations), Ministry of External Affairs; Shri Bidyut Behari Swain, Additional Secretary, Ministry of Commerce; Shri K. Rajaraman, Additional Secretary, Department of Economic Affairs, Ministry of Finance; Shri Pankaj Jain, Additional Secretary, Department of Financial Services; Dr. M. D. Patra, Executive Director, Reserve Bank of India; Shri Rajnish Kumar, Chairman, State Bank of India; Smt. Geetha Muralidhar, Chairman-cum-Managing Director, ECGC Ltd.; Shri Rakesh Sharma, Managing Director & CEO, IDBI Bank; Shri Dinabandhu Mohapatra, Managing Director & CEO, Bank of India; Shri Rajkiran Rai G., Managing Director & CEO, Union Bank of India; and Shri Debasish Mallick, Deputy Managing Director, Exim Bank.

There have also been changes on the Board of the Bank. Smt. Rita Teotia, Secretary,

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Ministry of Commerce, Government of India; Shri Anup Wadhawan, Secretary, Ministry of Commerce, Government of India; Dr. Arvind Subramanian, Chief Economic Advisor, Government of India, Shri M. K. Jain, Managing Director & CEO, IDBI Bank Ltd.; and Shri Rajeev Rishi, Managing Director & CEO, Central Bank of India, relinquished their directorships consequent upon change in office. The Bank gratefully acknowledges their invaluable contribution as Directors.

WAY FORWARD

As we venture into a new financial year, I strongly believe that we have surmounted the challenges, and going forward, we would be scaling the growth trajectory once again.

Exim Bank would continue with its mandate and work in tandem with the Government’s strategic objectives, while proactively enhancing the competitiveness of Indian companies. Simultaneously, the Bank will lay special emphasis to ensure that its activities and financing initiatives keep pace with the discerning requirements of the industry and trade.

Amidst all this, I must also acknowledge the tremendous commitment and enthusiasm demonstrated by the staff of the Bank. The Bank’s participative and proficient work culture has consistently remained a source of strength for the Bank. My colleagues on the Board and I express our heartfelt thanks to the staff for their quest in recovery, in augmenting business, whilst also creating new vistas in carrying forward the Bank’s legacy as India’s premier export financing institution.

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David RasquinhaS>o{dS> añH$sZm


1414 dm{f©H$ [anmoQ>© 2018-19

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1616 dm{f©H$ [anmoQ>© 2018-19

GLOBAL ECONOMY

According to the International Monetary Fund (IMF),

the expansion of the global economy weakened in

2018, moderating to an estimated 3.6 per cent as

compared to 3.8 per cent in 2017, reflecting weaker

performance in some economies of Europe and

Asia. Weakening financial markets and increased

trade policy uncertainty weighed on the economic

activity. There was deceleration of industrial

production outside the USA and a slowdown in

global trade growth.

Among the advanced economies, growth in 2018

was notably higher in the USA (2.9 per cent in

2018 as against 2.2 per cent in 2017), whereas

the Euro Area, which had clocked a growth rate of

2.4 per cent in 2017, slowed down significantly

in 2018, as the growth rate moderated to

1.8 per cent. Emerging market and developing

economies, including India, China and ASEAN-5

(Indonesia, Malaysia, Philippines, Thailand, and

Vietnam) witnessed slower increase in output

growth, while other emerging economies such as

Brazil, Russia, Saudi Arabia and Nigeria witnessed a

rebound in 2018.

WORLD TRADE

Global trade growth (goods and services), in volume

terms, slowed down to 3.8 per cent in 2018, from

5.4 per cent in 2017, as a result of rising trade

tensions and a range of new tariffs being put in

place, affecting widely traded goods. The slowdown

in merchandise trade volume in 2018 was broad-

based, reflecting weaker import demand in both

developed and developing economies. Asia and

Europe saw their merchandise trade growth

moderating in 2018, which led to an overall

deceleration of world merchandise trade growth.

On the other hand, world commercial services trade

recorded strong growth for the second consecutive

year in 2018 (7.7 per cent). Goods related

services registered strongest growth, followed by

commercial services.

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PRIVATE CAPITAL FLOWS IN EMERGING MARKET ECONOMIES

Net private capital inflows to emerging markets decreased marginally to reach US$ 1,135 billion in 2018, from US$ 1,282 billion in 2017, mainly driven by non-resident capital flows and FDI holding up well.

CURRENT ACCOUNT BALANCE OF EMERGING MARKET ECONOMIES

The current account surplus of Emerging Market Economies for 2018 fell to US$ 145 billion, from US$ 194 billion in 2017, largely due to the shrinking current account surplus of emerging markets, excluding China.

INDIAN ECONOMY

India’s real GDP growth moderated to 6.8 per cent during FY 2018-19 vis-à-vis 7.2 per cent in the previous financial year. Growth was mainly sustained by private consumption and investment expenditure. There was a pick-up in activities in sub-sectors such as manufacturing, construction and financial, real estate and professional services. The share of agriculture, industry and services sectors in India's GDP were at 16.1 per cent, 29.6 per cent and 54.3 per cent, respectively in FY 2018-19.

Agriculture

Weaker agricultural output was responsible for a slowdown in the sector. The agricultural sector is estimated to grow at 2.9 per cent in its real gross value added (GVA) in FY 2018-19, as compared to 5.0 per cent in FY 2017-18.

Industry

The industrial sector witnessed a growth of 6.9 per cent in FY 2018-19 compared to 5.9 per cent in the previous year, mainly reflecting pick-up in activities such as manufacturing and construction sectors. Similarly, the Index of Industrial Production (IIP) grew at 3.6 per cent during 2018-19, driven by growth in mining and electricity.

Services

The services sector witnessed a slowdown in FY 2018-19 with growth at 7.5 per cent compared

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1818 dm{f©H$ [anmoQ>© 2018-19

to 8.1 per cent in the previous year. This was mainly due to sluggish growth witnessed in sub sectors such as (i) trade, hotels, transport, communication and services related to broadcasting, and (ii) public administration, defence and other services. On the other hand, financial services, real estate and

professional services registered a higher growth in

FY 2018-19, compared to the previous year.

Infrastructure

The eight core infrastructure supportive industries

viz., coal, crude oil, natural gas, petroleum

refinery products, fertilizers, steel, cement and

electricity cumulatively continued to grow at

4.3 per cent during 2018-19, similar to that

in the preceding year. While coal and cement

registered an increase in growth, the steel

industry, electricity, refinery products and natural

gas experienced a sluggish growth during

FY 2018-19 compared to that in the previous year.

Crude oil production continued to decline for the

second consecutive year by 4.1 per cent during

FY 2018-19 over the previous year.

Inflation

The average headline inflation, based on the

Consumer Price Index (CPI) stood at 3.4 per cent

during FY 2018-19, compared to 3.6 per cent during

the corresponding period in the previous year.

Core CPI inflation, which excludes food and fuel

groups, remained unchaged. The average inflation

based on the Wholesale Price Index, which was at

2.7 per cent in FY 2017-18, picked up to

4.3 per cent during FY 2018-19. This trend is on the

back of rising global commodity and energy prices.

Capital Markets

India’s Net Foreign Direct Investment (FDI),

increased to US$ 33.3 billion during FY 2018-19

as against US$ 30.3 billion in the corresponding

period of the previous year. Net portfolio investment

during FY 2018-19, on the other hand, stood at

(-) US$ 2.0 billion, compared to US$ 22.1 billion in

the corresponding period of the previous year.

H$m gm‘Zm H$aZm n‹S>m& d¥{Õ ‘| h ‘§Xr ‘w»`V… (i) ì`mnma, hmoQ>b, n[adhZ, g§Mma Am¡a àgmaU g§~§Yr godmAm| Am¡a (ii) bmoH$ àemgZ, ajm Am¡a AÝ` godmAm| O¡go Cn-joÌm| ‘| Yr‘r d¥{Õ Ho$ MbVo XoIr JB©& dht Xygar Amoa {dÎmr` godmAm|, [a`b EñQ>oQ> Am¡a àmo’o$eZb godmAm| ‘| {nN>bo df© H$s VwbZm ‘| {dÎmr` df© 2018-19 ‘| ~ohVa d¥{Õ XO© H$s JB©&

~w{Z`mXr T>m§Mm

H$mo`bm, H$ÀMm Vob, àmH¥${VH$ J¡g, noQ´>mo{b`‘ [a’$mBZar CËnmX, Cd©aH$, ñQ>rb, gr‘|Q> Am¡a {dÚwV ~w{Z`mXr T>m§Mm joÌ Ho$ à‘wI AmR> CÚmoJ h¢& {dÎmr` df© 2018-19 ‘| BZ AmR>m| CÚmoJm| ‘| 4.3 à{VeV H$s d¥{Õ XoIr JB©, Omo {nN>bo df© H$s AZwê$nr Ad{Y Ho$ Xm¡amZ hþB© d¥{Õ Ho$ g‘mZ ahr& {dÎmr` df© 2018-19 Ho$ Xm¡amZ {nN>bo df© H$s VwbZm ‘| EH$ Amoa Ohm§ H$mo`bm Am¡a gr‘|Q> CÚmoJ ‘| d¥{Õ XO© H$s JB©, Vmo dht Xÿgar Amoa ñQ>rb, {dÚwV, [a’$mBZar CËnmX Am¡a àmH¥${VH$ J¡g joÌ ‘| d¥{Õ {nN>bo df© Ho$ ‘wH$m~bo Yr‘r ahr& H$ÀMo Vob Ho$ CËnmXZ ‘| bJmVma Xygao gmb {JamdQ> AmB© Am¡a `h {nN>bo df© H$s VwbZm ‘| {dÎmr` df© 2018-19 Ho$ Xm¡amZ 4.1 à{VeV {Jam&

‘wÐmñ’$s{V

Cn^mo³Vm ‘yë` gyMH$m§H$ (grnrAmB©) AmYm[aV Am¡gV hoS>bmBZ ‘wÐmñ’$s{V {nN>bo df© H$s AZwê$nr Ad{Y H$s

3.6 à{VeV Ho$ ‘wH$m~bo {JaH$a {dÎmr` df© 2018-19 Ho$ Xm¡amZ 3.4 à{VeV ahr& dht H$moa grnrAmB© ‘wÐmñ’$s{V Og H$s Vg ~Zr ahr, {Og‘| ImÚ Am¡a BªYZ g‘yh em{‘b Zht h¢& WmoH$ ‘yë` gyMH$m§H$ AmYm[aV Am¡gV ‘wÐmñ’$s{V {dÎmr` df© 2017-18 H$s 2.7 à{VeV H$s VwbZm ‘| {dÎmr` df© 2018-19 ‘| ~‹T>H$a 4.3 à{VeV hmo JB©& `h ~‹T>moÎmar dñVwAm| Am¡a D$Om© H$s‘Vm| ‘| hþB© d¡pídH$ d¥{Õ Ho$ MbVo XO© H$s JB©&

ny±Or ~mOma

{dÎmr` df© 2018-19 Ho$ Xm¡amZ, EH$ Amoa Ohm§ ^maV H$m {Zdb àË`j {dXoer {Zdoe (E’$S>rAmB©) AmdH$ {nN>bo df© H$s AZwê$nr Ad[Y Ho$ 30.3 {~{b`Z yEg S>m°ba Ho$ ‘wH$m~bo ~‹T>H$a 33.3 {~{b`Z `yEg S>m°ba hmo J`m, dht Xygar Amoa {dÎmr` df© 2018-19 Ho$ Xm¡amZ, {Zdb nmoQ>©’$mo{b`mo {Zdoe {nN>bo df© H$s AZwê$nr Ad[Y Ho$ Xm¡amZ 22.1 {~{b`Z `yEg S>m°ba H$s VwbZm ‘| (-) 2.1 {~{b`Z `yEg S>m°ba ahm&


Foreign Trade and Balance of Payments

India’s merchandise exports and imports registered

growth of 8.6 per cent and 10.2 per cent respectively

during FY 2018-19 over the previous year. Exports

have been growing for three consecutive years

now. Overall, India’s trade deficit widened to

US$ 183.6 billion during FY 2018-19, as compared

to US$ 162.1 billion in the previous year.

India’s services exports grew by

5.5 per cent during FY 2018-19. Software

services exports rose to US$ 61.8 billion in the

first three quarters of FY 2018-19, compared to

US$ 57.7 billion in the corresponding period last

year. During the same period, net inflows under

the capital and financial account increased to

US$ 52.7 billion from US$ 33.9 billion.

India’s foreign exchange reserves moderated to

US$ 412.9 billion as at end-March 2019, from

US$ 421 billion as at end-March 2018. At the same

time, external debt also witnessed an increase, to

US$ 521.2 billion as at the end of December 2018

from US$ 513.4 billion in December 2017.

{dXoe ì`mnma Am¡a ^wJVmZ g§VwbZ

{dÎmr` df© 2018-19 Ho$ Xm¡amZ ^maV Ho$ ‘M]S>mBO {Z`m©V Am¡a Am`mV ‘| {nN>bo df© H$s AZwê$nr Ad{Y H$s VwbZm ‘| H«$‘e… 8.6 à{VeV Am¡a 10.2 à{VeV H$s d¥{Õ Xa XO© H$s JB©& {Z`m©Vm| ‘| bJmVma VrZ gmb go d¥{Õ XO© H$s Om ahr h¡& g‘J« ê$n ‘|, {dÎmr` df© 2018-19 Ho$ Xm¡amZ, ^maV H$m ì`mnma KmQ>m {nN>bo df© Ho$ 162.1 {~{b`Z `yEg S>m°ba go ~‹T>H$a 183.6 {~{b`Z `yEg S>m°ba hmo J`m&

{dÎmr` df© 2018-19 Ho$ Xm¡amZ ^maV Ho$ godm {Z`m©Vm| ‘| 5.5 à{VeV H$s d¥{Õ hþB©& {dÎmr` df© 2018-

19 H$s nhbr VrZ {V‘m{h`m| Ho$ Xm¡amZ ^maV go gm°âQ>do`a godmAm| H$m {Z`m©V {nN>bo df© H$s AZwê$nr Ad{Y Ho$ 57.7 {~{b`Z `yEg S>m°ba Ho$ ‘wH$m~bo ~‹T>H$a 61.8 {~{b`Z `yEg S>m°ba hmo J`m& Bgr Ad{Y Ho$ Xm¡amZ, ny±Or Am¡a {dÎmr` ImVm| Ho$ A§VJ©V {Zdb AmdH$ 33.9 {~{b`Z `yEg S>m°ba go ~‹T>H$a 52.7 {~{b`Z `yEg S>m°ba hmo JB©&

^maV H$m {dXoer ‘wÐm ^§S>ma ‘mM© 2019 Ho$ A§V ‘| 412.9 {~{b`Z `yEg S>m°ba H$m ahm, Omo ‘mM© 2018 Ho$ A§V ‘| 421 {~{b`Z `yEg S>m°ba H$m Wm& dht Xygar Amoa, {dXoer F$U ‘| ^r ~‹T>moÎmar hþB© Am¡a `h {Xg§~a 2017 Ho$ 513.4 {~{b`Z yEg S>m°ba go ~‹T>H$a {Xg§~a 2018 Ho$ A§V ‘| 521.2 {~{b`Z `yEg S>m°ba ahm&

{Z`m©V Exports Am`mV Imports

({~{b`Z `yEg S>m°ba ‘|) (in US$ billion)

J¡a-Vob {Z`m©V Non-Oil ExportsVob {Z`m©V Oil Exports

2017-18 2018-19

37.5 46.4

266.0 283.1

0

50

100

150

200

250

300

350

400

450

500

550

600

ñÌmoV… dm{UÁ¶ Ed§ CÚmoJ ‘§Ìmb¶ Source: MOCI

J¡a-Vob Am`mV Non-Oil ImportsVob Am`mV Oil Imports

2017-18 2018-190

50

100

150

200

250

300

350

400

450

500

550

600

108.7

356.9

140.9

372.2

ñÌmoV… dm{UÁ¶ Ed§ CÚmoJ ‘§Ìmb¶ Source: MOCI


2222 dm{f©H$ [anmoQ>© 2018-19

^maVr` AW©ì`dñWm Ho$ g§{já Am§H$‹S>oSTATISTICAL SNAPSHOT OF THE INDIAN ECONOMY

g§Ho$VH$ INDICATORS {dd FY 15 {dd FY 16 {dd FY 17 {dd FY 18 {dd FY 19

^maV H$m OrS>rnr, joÌdma {hñgm Am¡a OrS>rnr d¥{Õ India’s GDP, Sectoral Share and GDP Growth

OrS>rnr (dV©‘mZ ‘yë`, {~{b`Z `yEg S>m°ba)GDP (Current Prices, US$ billion)

2043.3 2148.4 2287.2 2625.9 2785.6e

dmñV{dH $OrS>rnr d¥pÕ (%)Real GDP Growth (%)

7.4 8.0 8.2 7.2re 6.8pe

OrS>rnr ‘| joÌdma {hñgm (%) Sectoral Share in GDP (%)

H¥${f Ed§ g§~Õ H$m¶©H$bmn Agriculture & allied activities

18.2 17.7 17.9 17.2re 16.1pe

CÚmoJIndustry

30.0 30.0 29.4 29.3re 29.6pe

godmE§Services

51.8 52.3 52.7 53.5re 54.3pe

ZmoQ>… re- g§emo{YV AZw‘mZ; pe- AZ§{V‘ AZw‘mZ; e- AmB©AmB©E’$ AZw‘mZ; f- AmB©AmB©E’$ nydm©Zw‘mZ; òmoV… gm§p»`H$s Am¡a H$m`©H«$‘ H$m`m©Ýd`Z ‘§Ìmb`; B§ñQ>rQ>çyQ> Am°’$ B§Q>aZoeZb ’$m`Z¢g (AmB©AmB©E’$)Note: re- Revised Estimates; pe - Provisional Estimates; e- IIF Estimates; f - IIF Forecast; Source: Ministry of Statistics and Programme Implementation (MOSPI); Institute of International Finance (IIF)

‘wÐmñ’$s{V Xa| - éPmZ Inflation Trends

‘wÐmñ’$s{V Xa (grnrAmB©, dm{f©H$ Am¡gV %)Inflation rate (CPI, annual avg. %)

5.8 4.9 4.5 3.6 3.4

‘wÐmñ’$s{V Xa (S>ãë`ynrAmB©, dm{f©H$ Am¡gV %)Inflation rate (WPI, annual avg. %)

1.2 -3.7 1.7 2.7 4.3

òmoV… gm§p»`H$s Am¡a H$m`©H«$‘ H$m`m©Ýd`Z ‘§Ìmb`; ^maVr` [aµOd© ~¢H$ (Ama~rAmB©) Source: MOSPI; Reserve Bank of India (RBI)

amOH$mofr` KmQ>mFiscal Deficit

gH$b amOH$mofr` KmQ>m (OrS>rnr H$m %)Gross Fiscal Deficit (% of GDP)

4.1 3.9 3.5 3.5 3.4re

ZmoQ>… re- g§emo{YV AZw‘mZ | òmoV… H|$Ðr` ~OQ>; dm{UÁ` Ed§ CÚmoJ ‘§Ìmb`Note: re- Revised Estimates | Source: Union Budget; MOCI

^maV H$s {d{Z‘` Xa| - éPmZTrends in India's Exchange Rate

{d{Z‘` Xa (`/`yEg S>m°ba, Am¡gV) Exchange Rate (`/US$, avg.)

61.1 65.5 67.1 64.5 67.1

{d{Z‘` Xa (`/`yamo, Am¡gV) Exchange Rate (`/€, avg.)

77.5 72.3 73.6 75.4 79.9

òmoV… Ama~rAmB©Source: RBI


g§Ho$VH$ INDICATORS {dd FY 15 {dd FY 16 {dd FY 17 {dd FY 18 {dd FY 19

^maV H$m Mmby ImVm KmQ>m - KQ>H$ Composition of India’s Current Account Deficit

Mmby ImVm KmQ>m (OrS>rnr H$m %)CAD (% of GDP)

-1.3 -1.1 -0.6 -1.9 -2.6*

Mmby ImVm KmQ>m ({~{b`Z `yEg S>m°ba)Current Account Deficit (US$ billion)

-26.8 -22.1 -14.4 -48.7 -51.8*

*- ¶Wm {dd 2019 H$mo (Aà¡b-{Xg§~a) As on FY 2019 (April - December); òmoV… Ama~rAmB© Source: RBI

^maV H$m ì`mnma - éPmZ Trends in India's Trade

{Z`m©V ({~{b`Z `yEg S>m°ba)Exports (US$ billion)

310.3 262.3 275.9 303.5 329.5

Am`mV ({~{b`Z `yEg S>m°ba)Imports (US$ billion)

448.0 381.0 384.4 465.6 513.1

ì`mnma eof ({~{b`Z `yEg S>m°ba)Trade Balance (US$ billion)

-137.7 -118.7 -108.5 -162.1 -183.6

godmAm| H$m {Z`m©V ({~{b`Z `yEg S>m°ba)Services Exports (US$ billion)

158.1 154.3 164.2 195.1 205.8

godmAm| H$m Am`mV ({~{b`Z `yEg S>m°ba)Services Imports (US$ billion)

81.6 84.6 95.9 117.5 125.5

godm eof ({~{b`Z `yEg S>m°ba)Services Balance (US$ billion)

76.5 69.7 68.3 77.6 80.3

òmoV… dm{UÁ` Ed§ CÚmoJ ‘§Ìmb`; Ama~rAmB© Source: MOCI; RBI

^maV H$m {dXoer ‘wÐm ^§S>ma ~Zm‘ {dXoer F$U India's Forex Reserves v/s External Debt

{dXoer ‘wÐm ^§S>ma ({~{b`Z `yEg S>m°ba)Forex Reserves (US$ billion)

341.6 360.2 370.0 424.5 412.9

{dXoer F$U ({~{b`Z `yEg S>m°ba)External Debt (US$ billion)

474.7 484.8 471.5 529.7 521.2*

*- ¶Wm 31 {Xg§~a, 2018 H$mo As on December 31, 2018 ; òmoV… Ama~rAmB© Source: RBI

^maV H$m àË`j {dXoer {Zdoe AmdH$ ~Zm‘ OmdH$ India's FDI Inflows v/s Outflows

E’$S>rAmB© AmdH$ ({~{b`Z `yEg S>m°ba) FDI Inflows (US$ billion)

45.1 55.6 60.2 61.0 64.4

E’$S>rAmB© OmdH$ ({~{b`Z `yEg S>m°ba) FDI Outflows (US$ billion)

30.9 22.0 24.9 18.7 21.3

ZmoQ>… E’$S>rAmB© AmdH$ Ho$ Am§H$‹S>m| ‘| B{¹$Q>r, nwZ{Z©do{eV Am` Am¡a AÝ` ny±Or em{‘b h¢; E’$S>rAmB© OmdH$ Ho$ Am§H$‹S>m| ‘| AZw‘mo[XV B{¹$Q>r, F$U Am¡a Omar H$s JB© Jma§Q>r em{‘b h¡& Note: FDI inflows data includes equity, reinvested earnings and other capital; FDI Outflows data is the approved FDI including equity, loan and guarantee issued.


2424 dm{f©H$ [anmoQ>© 2018-19

g§Ho$VH$ INDICATORS {dd FY 2015 {dd FY 2016 {dd FY 2017 {dd FY 2018 {dd FY 2019P {dd FY 2020P

I. d¡{ídH$ CËnmXZ (dmñV{dH$ OrS>rnr, d¥{Õ %) World output (real GDP, Gr. %)

3.4 3.4 3.8 3.6 3.3 3.6

{dH${gV AW©ì`dñWmE§ Advanced Economies

2.3 1.7 2.4 2.2 1.8 1.7

C^aVo ~mOma Am¡a {dH$mgerb AW©ì`dñWmE§ Emerging Market & Developing Economies

4.3 4.6 4.8 4.5 4.4 4.8

II. d¡{ídH$ dñVw ì`mnma (‘mÌmË‘H$ d¥{Õ %) World Merchandise Trade (Vol. Gr. %)

2.2 2.1 5.6 3.9 3.3 3.9

d¡{ídH$ dñVw {Z`m©V ({~{b`Z `yEg S>m°ba) Global Merchandise Exports (US$ bn)

16,201 15,743 17,436 19,082 19,264 20,107

III. {díd ì`mnma ‘yë` ({~{b`Z `yEg S>m°ba, % n[adV©Z) World Trade Prices (US$, % change)

{d{Z‘m©UManufactures

-2.3 -5.2 -0.3 2.7 1.0 0.2

VobOil

-47.2 -15.7 23.3 29.4 -13.4 -0.2

J¡a-BªYZ àmW{‘H$ nÊ`Non-fuel primary commodities

-17.1 -1.0 6.4 1.6 -0.2 1.1

ZmoQ>… P- AZw‘mZ & òmoV… dëS>© BH$Zm°{‘H$ AmCQ>bwH$, AmB©E‘E’$Note: P- Projections | Source: WEO, IMF

d¡{ídH$ CËnmXZ, ì`mnma Ed§ {díd ì`mnma ‘yë`WORLD OUTPUT, TRADE & WORLD TRADE PRICES


2626 dm{f©H$ [anmoQ>© 2018-19

`Wm 31 ‘mM©, 2019 H$mo g‘má df© Ho$ {bE boIm nar{jV

VwbZ-nÌ VWm boIm| Ho$ gmW ~¢H$ Ûmam {Zînm{XV H$m`m]

H$s [anmoQ>© {ZXoeH$m| Ûmam ghf© àñVwV H$s OmVr h¡&

n[aMmbZm| VWm {dÎmr` {ZînmXZ H$s g‘rjm

F$U AmpñV`m§

~¢H$ Zo {d{^ÝZ F$U H$m`©H«$‘m| Ho$ A§VJ©V {dÎmr` df©

2017-18 H$s ` 978.26 {~{b`Z H$s F$U am{e

Ho$ ‘wH$m~bo {dÎmr` df© 2018-19 Ho$ Xm¡amZ

` 380.00 {~{b`Z H$s F$U am{e ñdrH¥$V H$s& {dÎmr` df©

2017-18 Ho$ ` 685.35 {~{b`Z H$s VwbZm ‘| {dÎmr`

df© 2018-19 Ho$ Xm¡amZ ~¢H$ Zo ` 366.60 {~{b`Z H$s

F$U am{e H$m g§{dVaU {H$`m& {dÎmr` df© 2017-18 Ho$

Xm¡amZ MwH$m¡Vr H$s am{e Ohm§ ` 598.35 {~{b`Z Wr,

dht {dÎmr` df© 2018-19 Ho$ Xm¡amZ MwH$m¡Vr H$s am{e

` 519.84 {~{b`Z ahr& `Wm 31 ‘mM©, 2019 H$mo {Zdb

F$U-AmpñV`m§ ` 936.17 {~{b`Z H$s aht, {OZ‘| JV

df© H$s VwbZm ‘| 12.94 à{VeV H$s {JamdQ> XO© H$s

JB©& `Wm 31 ‘mM©, 2019 H$mo én`m am{e Ho$ F$U Am¡a

A{J«‘, {Zdb F$U AmpñV`m| Ho$ 19.05 à{VeV aho, dht

{dXoer ‘wÐm ‘| F$U Am¡a A{J«‘ 80.95 à{VeV aho& `Wm

31 ‘mM©, 2019 H$mo Aënmd{Y F$U, {Zdb F$Um| VWm A{J«‘m|

Ho$ 9.55 à{VeV aho&

J¡a-{Z{YH$ gw{dYmE§

~¢H$ Ûmam {dÎmr` df© 2017-18 H$s ` 107.81 {~{b`Z

am{e H$s VwbZm ‘| {dÎmr` df© 2018-19 Ho$ Xm¡amZ

` 44.99 {~{b`Z H$s J¡a-{Z{YH$ F$U gw{dYmE§ àXmZ

H$s JBª& BZ‘| n[a`moOZm Jma§{Q>`m§, {dÎmr` Jma§{Q>`m§ VWm gmI-nÌ em{‘b aho& `Wm 31 ‘mM©, 2019 H$mo ~¢H$ H$m Hw$b J¡a-{Z{YH$ nmoQ>©’$mo{b`mo `Wm 31 ‘mM©, 2018 Ho$

The Directors are pleased to present the report

of the working of the Bank with the audited

Balance Sheet and accounts for the year ended

March 31, 2019.

REVIEW OF OPERATIONS AND FINANCIAL

PERFORMANCE

Loan Assets

The Bank approved loans aggregating

` 380.00 billion under various lending programmes

during FY 2018-19 as against ` 978.26 billion

during FY 2017-18. Loan disbursements during

FY 2018-19 were ` 366.60 billion as against

` 685.35 billion during FY 2017-18, while loan

repayments during FY 2018-19 amounted to

` 519.84 billion, as against ` 598.35 billion in

FY 2017-18. Net loan assets as of March 31, 2019,

were ` 936.17 billion, registering a decrease of

12.94 per cent over the previous year. Rupee

loans and advances accounted for 19.05 per cent

of the net loan assets as on March 31, 2019,

while the balance 80.95 per cent were in foreign

currency (FC). Short-term loans accounted for

9.55 per cent of the net loans and advances as on

March 31, 2019.

Non-Funded Facilities

During the year, the Bank sanctioned non-funded

facilities aggregating ` 44.99 billion as against

` 107.81 billion in FY 2017-18, comprising of

project guarantees, financial guarantees and

Letters of Credit. The Bank's aggregate non-

funded portfolio, comprising Guarantees, Letters

of Credit and Standby Letters of Credit, as of

March 31, 2019, stood at 140.96 billion as against

` 132.40 billion as of March 31, 2018, representing

a growth of 6.46 per cent. Guarantees issued during

FY 2018-19 amounted to ` 34.22 billion as against

` 53.8 billion in FY 2017-18. Letters of Credit issued

during FY 2018-19 amounted to ` 6.43 billion as

EpŠµO‘ ~¢H$ Ûmam CÁ~o{H$ñVmZ gaH$ma H$mo 200 {‘{b`Z `yEg S>m°ba H$s F$U-ì`dñWm àXmZ H$s JB©&

Exim Bank extended a Line of Credit of US$ 200 million to the Government of Uzbekistan.


` 132.40 {~{b`Z H$s VwbZm ‘| 6.46 à{VeV H$s ~‹T>moÎmar Ho$

gmW ` 140.96 {~{b`Z H$m ahm, {Og‘| Jma§{Q>`m§, gmI-

nÌ Ed§ AmnmVr gmI-nÌ em{‘b h¢& {dÎmr` df© 2017-18 ‘|

` 53.8 {~{b`Z H$s VwbZm ‘| {dÎmr` df© 2018-19 Ho$ Xm¡amZ

` 34.22 {~{b`Z H$s Jma§{Q>`m§ Omar H$s JBª& {dÎmr` df©

2017-18 ‘| ` 2.07 {~{b`Z H$s VwbZm ‘| {dÎmr` df©

2018-19 Ho$ Xm¡amZ 6.43 {~{b`Z Ho$ gmI-nÌ Omar {H$E

JE& ~¢H$ H$s ~{h`m| ‘| Hw$b Jma§{Q>`m§, Wm 31 ‘mM©, 2018 H$mo

` 128.36 {~{b`Z H$s VwbZm ‘|, `Wm 31 ‘mM©, 2019 H$mo

` 139.12 {~{b`Z H$s aht& dht, gmI nÌ `Wm

31 ‘mM©, 2018 Ho$ ` 4.04 {~{b`Z H$s VwbZm ‘| `Wm

31 ‘mM©, 2019 H$mo ` 1.84 {~{b`Z Ho$ aho&

Am` / ì``

~¢H$ Zo gm‘mÝ` {Z{Y boIo ‘| {dÎmr` df© 2017-

18 Ho$ Xm¡amZ ` 42.30 {~{b`Z H$s H$a nyd©

hm{Z Ho$ ‘wH$m~bo {dÎmr` df© 2018-19 Ho$ Xm¡amZ

` 1.87 {~{b`Z H$m H$a nyd© bm^ XO© {H$`m& Am`H$a

Ho$ {bE ` 1.06 {~{b`Z H$s am{e H$m àmdYmZ H$aZo

Ho$ ~mX, {dÎmr` df© 2018-19 Ho$ Xm¡amZ H$a nümV bm^

` 0.82 {~{b`Z H$m ahm, O~{H$ {dÎmr` df© 2017-18

‘| ` 29.24 {~{b`Z H$s hm{Z XO© H$s JB© Wr&

against ` 2.07 billion in FY 2017-18. Guarantees in

the books of the Bank as of March 31, 2019, were

` 139.12 billion as against ` 128.36 billion as

of March 31, 2018, and Letters of Credit as of

March 31, 2019, amounted to ` 1.84 billion as

against ` 4.04 billion as of March 31, 2018.

Income / Expenditure

The Bank registered profit before tax of

` 1.87 billion on account of the General Fund during

FY 2018-19, as against a loss of ` 42.30 billion

for FY 2017-18. After providing for income tax of

` 1.06 billion, profit after tax amounted to

` 0.82 billion during FY 2018-19, as against loss of

` 29.24 billion during FY 2017-18.

Business income including interest on loans,

exchange, commission, brokerage and fees,

etc. during FY 2018-19 was ` 63.30 billion, as

compared to ` 56.56 billion during FY 2017-18.

Investment income, interest on bank deposits,

etc. during FY 2018-19 was ` 27.66 billion,

as compared to ` 31.23 billion in

FY 2017-18. Interest expenses in FY 2018-19 at

~m§½bmXoe gaH$ma H$mo EpŠµO‘ ~¢H$ Ûmam àXÎm F$U-ì`dñWm Ho$ A§VJ©V ~m§½bmXoe amoS> Q´>m§gnmoQ>© H$m°nm}aoeZ H$mo ~g| Am¡a Q´>H|$ {Z¶m©V {H$E JE&

Export of buses and trucks to the Bangladesh Road Transport Corporation Under Exim Bank's Line of Credit to the Government of Bangladesh.


2828 dm{f©H$ [anmoQ>© 2018-19

F$Um| na ã`mO, {d{Z‘`, H$‘reZ, ~«moH$aoO Am¡a

ewëH$ Am{X H$mo {‘bmH$a H$mamo~mar Am` {dÎmr`

df© 2017-18 ‘| ` 56.56 {~{b`Z H$s VwbZm ‘|

{dÎmr` df© 2018-19 ‘| 63.30 {~{b`Z ahr& {Zdoe Am`,

~¢H$ O‘m am{e`m| Am{X na ã`mO Am` {dÎmr` df© 2017-18

H$s ` 31.23 {~{b`Z H$s VwbZm ‘| {dÎmr` df© 2018-19

Ho$ Xm¡amZ ` 27.66 {~{b`Z ahr& {dÎmr` df© 2018-19 ‘|

ã`mO ì`` {dÎmr` df© 2017-18 H$s VwbZm ‘| ~‹T>H$a

` 68.19 {~{b`Z H$m ahm, {Og‘| ~|M‘mH©$ Xam| Ho$ ~‹T>Zo Ho$

H$maU ` 1.79 {~{b`Z H$s d¥{Õ hþB©& àemg{ZH$ IM©

(AmH$pñ‘H$VmAm| Ho$ {bE àmdYmZ H$mo N>mo‹S>H$a)

{dÎmr` df© 2017-18 Ho$ 2.75 à{VeV H$s VwbZm ‘|

{dÎmr` df© 2018-19 Ho$ Xm¡amZ Hw$b ì`` H$m

2.62 à{VeV ahm&

CYm[a`m§

`Wm 31 ‘mM©, 2019 H$mo ~¢H$ H$s Hw$b CYma am{e¶m§

` 923.04 {~{b`Z H$s aht, Omo `Wm 31 ‘mM©, 2018 H$s

` 1,041.65 {~{b`Z H$s VwbZm ‘| 11.39 à{VeV H$‘ aht&

g§gmYZ

df© Ho$ Xm¡amZ, ~¢H$ H$mo ^maV gaH$ma go `$50 {~{b`Z H$s

ny±Or àmá hþB©& Bg‘| ` 5 {~{b`Z H$s ny±Or ~OQ> Amd§Q>Z

Am¡a ` 45 {~{b`Z H$s ny±Or nwZnyªOrH$aU ~m°ÝS>m| (^maV

gaH$ma H$s {deof à{V^y{V`m§) Ho$ O[aE àmá hþB©& `Wm

31 ‘mM©, 2019 H$mo 123.59 {~{b`Z H$s MwH$Vm ny±Or VWm

` 23.14 {~{b`Z H$s Ama{jV {Z{Y`m| g{hV ~¢H$ Ho$ Hw$b

g§gmYZ ` 146.73 {~{b`Z aho& EpŠµO‘ ~¢H$ Ho$ g§gmYZ

` 68.19 billion were higher than that in

FY 2017-18 by ` 1.79 billion mainly on account

of increase in benchmark rates. Administrative

expenses as a percentage of total expenses

(excluding provisions for contingencies) worked

out to 2.62 per cent during FY 2018-19 as against

2.75 per cent during FY 2017-18.

Borrowings

Total borrowings of the Bank were ` 923.04 billion

as on March 31, 2019, lower by 11.39 per cent

than the total borrowings of ` 1,041.65 billion as on

March 31, 2018.

Resources

During the year, the Bank received capital of

` 50 billion from the Government of India (GOI),

by way of budget allocation of ` 5 billion and

recapitalisation bonds (Special GOI securities)

of ` 45 billion. As on March 31, 2019, the

Bank’s total resources include paid-up capital of

` 123.59 billion and reserves of ` 23.14 billion,

aggregating ` 146.73 billion. Exim Bank’s resource

base interalia includes rupee bonds, certificates

of deposit, commercial papers, term deposits,

FC bonds, FC loans and long-term swaps. During

the year, the Bank raised borrowings of varying

maturities (excluding raised and repaid during the

^maV gaH$ma H$s ^maVr` {dH$mg Am¡a Am{W©H$ ghm`Vm `moOZm {Xem{ZX}em| VWm F$U-ì`dñWmAm| Ho$ AV§J©V gm¡a n[a`moOZmAm| Ho$ {dÎmnmofU na MoÝZ¡, h¡Xam~mX, H$mobH$mVm Am¡a Ah‘Xm~mX ‘| AmCQ>arM H$m`©H«$‘ Ed§ MMm©naH$ gÌm| H$m Am`moOZ {H$`m J`m&

Outreach programmes and interactive sessions on GOI's Indian Development and Economic Assistance Scheme guidelines and financing of solar projects under Lines of Credit, were organised at Chennai, Hyderabad, Kolkata and Ahmedabad.


year) aggregating ` 152.50 billion, comprising

Rupee Resources of ` 81.96 billion and foreign

currency resources of US$ 1.02 billion equivalents,

net of amounts raised and repaid. Foreign currency

resources of US$ 0.75 billion equivalents were

raised through bonds, and US$ 0.27 billion through

bilateral/club loans. As on March 31, 2019, the

Bank had a pool of foreign currency resources

equivalent to US$ 11.73 billion and outstanding

Rupee borrowings of ` 343.28 billion. Market

borrowings as on March 31, 2019, constituted

100 per cent of the total borrowings and

86 per cent of the total resources of the Bank.

Foreign Currency Resources

During FY 2018-19, the Bank raised foreign

currency resources aggregating US$ 1.22 billion

equivalents. The raising of resource was

through a variety of instruments including a

US$ 500 million Reg S Bonds issued in March 2019,

which attracted a total order book in excess of

US$ 1.7 billion at close, thereby achieving more

than 3.4 times oversubscription of the issue size

from 117 high-quality investors. The transaction

was priced at the fair value of CT5+140 bps, well

inside the initial price guidance of CT5+165 bps

area, representing significant price tightening of

25 bps, implying nil new issue premium. Nearly

87 per cent of the bonds were distributed in Asia and

the remaining 13 per cent in Europe and offshore

US. The Bank also raised funds through loans and

private placement of bonds. So far, the Bank has

raised FC resources in diverse currencies including

Australian Dollars, Euros, Great Britain Pound,

Japanese Yen, Mexican Peso, Offshore Renminbi,

Singapore Dollars, South African Rand, Swiss

Francs, Turkish Lira and United States Dollars.

International and Domestic Rating

The Bank is rated Baa2 (Stable) by Moody’s, BBB-

(Stable) by Standard and Poors, BBB- (Stable) by

AmYma ‘| én`m ~m°ÝS>, O‘m à‘mU-nÌ, dm{UpÁ`H$

nÌ, gmd{Y O‘m am{e`m§, {dXoer ‘wÐm ~m°ÝS>, {dXoer

‘wÐm F$U VWm XrKm©d{Y ñdmn Am{X em{‘b h¢& df© Ho$

Xm¡amZ, ~¢H$ Zo {d{^ÝZ n[an³dVm Ad{Y`m| (df© Ho$ Xm¡amZ

OwQ>mE JE VWm MwH$Vm {H$E JE H$mo N>mo‹S>H$a) Ho$ Hw$b

` 152.50 {~{b`Z H$s CYm[a¶m§ OwQ>mBª& Bg‘|

` 81.96 {~{b`Z Ho$ én`m g§gmYZ VWm

1.02 {~{b`Z `yEg S>m°ba Ho$ g‘Vwë` {dXoer

‘wÐm g§gmYZ em{‘b h¢& {dXoer ‘wÐm g§gmYZm| ‘|

0.75 {~{b`Z `yEg S>m°ba ~m°ÝS>m| Ho$ O[aE Am¡a

0.27 {~{b`Z `yEg S>m°ba {Ûnjr` / Šb~ F$Um| Ho$ O[aE

OwQ>mE JE& `Wm 31 ‘mM©, 2019 H$mo ~¢H$ Ho$ nmg Hw$b

11.73 {~{b`Z yEg S>m°ba Ho$ g‘Vwë` {dXoer ‘wÐm g§gmYZ

VWm ` 343.28 {~{b`Z H$s ~H$m`m én`m CYm[a¶m§ ahr&

`Wm 31 ‘mM©, 2019 H$mo Hw$b ~mOma CYm[a`m§, Hw$b

CYm[a`m| H$s 100 à{VeV VWm ~¢H$ Ho$ Hw$b g§gmYZm| H$s

86 à{VeV aht&

{dXoer ‘wÐm g§gmYZ

{dÎmr` df© 2018-19 Ho$ Xm¡amZ, ~¢H$ Zo

1.22 {~{b`Z `yEg S>m°ba H$s g‘Vwë` am{e Ho$ {dXoer

‘wÐm g§gmYZ OwQ>mE& ~¢H$ Zo `o g§gmYZ ‘mM© 2019

‘| Omar 500 {‘{b`Z `yEg S>m°ba Ho$ aoJ Eg ~m°ÝS>

g{hV {d{^ÝZ {bIVm| Ho$ ‘mÜ`‘ go OwQ>mE& Bg ~m°ÝS>

H$mo 117 go Á`mXm CÀM JwUdÎmm dmbo {ZdoeH$m| go Hw$b

1.7 {~{b`Z `yEg S>m°ba H$m A{^XmZ {‘bm, Omo {ZJ©‘ H$s

am[e go 3.4 JwZm Á`mXm ahm& `h g§ì`dhma grQ>r5+140

~rnrEg Ho$ C{MV ‘yë` na {H$`m J`m Wm, Omo {H$

grQ>r5+165 ~rnrEg joÌ Ho$ àma§{^H$ ‘yë` Ho$ A§Xa Wm,

Omo 25 ~rnrEg H$s ‘hÎdnyU© Q>mBQ>qZJ Am¡a eyÝ` ZE {ZJ©‘

àr{‘`‘ H$mo àX{e©V H$aVm h¡& m¡Jmo{bH$ Ñ{ï> go, BgHo$ bJ^J

87 à{VeV H$m {dVaU E{e`m Am¡a eof 13 à{VeV H$m

{dVaU `yamon VWm Am°’$emoa `yEg ‘| ahm& ~¢H$ Zo F$Um| Am¡a

~m°ÝS>m| Ho$ àmBdoQ> ßbog‘|Q> Ho$ O[aE r g§gmYZ OwQ>mE& ~¢H$ Zo

A~ VH$ Am°ñQ´>o{b`mB© S>m°ba, `yamo, J«oQ> {~«Q>oZ nmC§S>, OmnmZr

`oZ, ‘op³gH$Z nogmo, Am°’$emoa aoZ{‘Ý~r, qgJmnwa S>m°ba,

X{jU A’«$sH$s a¢S>, pñdg ’«¢$H$, Vw{H©$e bram VWm `yEg

S>m°ba O¡gr {d{^ÝZ {dXoer ‘wÐmAm| ‘| g§gmYZ OwQ>mE h¢&

A§Vaamï´>r` VWm Kaoby aoqQ>J

~¢H$ H$mo ‘yS>rµO Zo ~rEE2 (pñWa) aoqQ>J, ñQ>¢S>S>© E§S> nwAg© Zo ~r~r~r- (pñWa) VWm {’$M Zo ~r~r~r- (pñWa) aoqQ>J


3030 dm{f©H$ [anmoQ>© 2018-19

Fitch Ratings and BBB+ (Stable) by Japan Credit

Rating Agency (JCRA). All the above ratings are of

investment grade or above and are the same as

the sovereign rating. The Bank’s domestic debt

instruments continue to enjoy the highest rating

viz., ‘AAA’ from the rating agencies, CRISIL, ICRA

and CARE for long term instruments, and A1+ from

these rating agencies for short term instruments.

Asset Quality

As per the Reserve Bank of India (RBI) prudential

norms for Financial Institutions, a credit / loan

facility in respect of which interest and/or principal

has remained overdue for more than 90 days,

is defined as a Non Performing Asset (NPA). The

Bank's gross NPAs at 116.78 billion worked out to

11.34 per cent of the total loans and advances as

on March 31, 2019. The Bank's net NPAs (net of

provisions) of ` 22.88 billion were at 2.44 per cent

of the net loans and advances (net of provisions) as

on March 31, 2019. The Provision Coverage Ratio

(PCR) as on March 31, 2019, was 84.72 per cent.

Asset Classification

'Non Performing Assets' are those where interest

and/or principal remains overdue for more than

VWm OmnmZ H«o${S>Q> aoqQ>J EO|gr Ûmam ~r~r~r+ (pñWa) aoqQ>J àXmZ H$s JB© h¡& Cnamo³V g^r aoqQ>J {Zdoe ñVa `m Cggo D$na H$s aoqQ>J h¢, Omo ^maV H$s g§à^w aoqQ>J Ho$ g‘Vwë` h¢& ~¢H$ Ho$ Kaoby F$U {bIVm| H$mo {H«${gb, BH«$m Am¡a Ho$`a O¡gr aoqQ>J EO|{g`m| go CÀMV‘ aoqQ>J AWm©V 'EEE' VWm Aënmd{Y F$U {bIVm| Ho$ {bE BZ EO|{g`m| go E1+ aoqQ>J àXmZ H$s JB© h¡&

AmpñV JwUdÎmm

{dÎmr` g§ñWmAm| Ho$ {bE ^maVr` [aµOd© ~¢H$ Ûmam {ZYm©[aV {ddoH$nyU© ‘mZX§S>m| Ho$ AZwgma Cg F$U / H$O© H$mo AZO©H$ AmpñV (EZnrE) Ho$ ê$n ‘| n[a^m{fV {H$`m OmVm h¡, {OgHo$ g§~§Y ‘| Xo` ã`mO Am¡a / `m ‘ybYZ 90 {XZm| go A{YH$ g‘` go ~H$m`m hmo& `Wm 31 ‘mM©, 2019 H$mo ~¢H$ H$s gH$b AZO©H$ AmpñV`m§ ` 116.78 {~{b`Z am{e H$s aht, Omo ~¢H$ Ho$ Hw$b F$Um| VWm A{J«‘m| H$m 11.34 à{VeV h¡& `Wm 31 ‘mM©, 2019 H$mo (àmdYmZ KQ>mH$a) ~¢H$ H$s {Zdb AZO©H$ AmpñV`m§ ` 22.88 {~{b`Z H$s aht, Omo {Zdb F$Um| VWm A{J«‘m| (àmdYmZ KQ>mH$a) H$m 2.44 à{VeV h¢& `Wm 31 ‘mM©, 2019 H$mo àmdYmZ H$daoO AZwnmV (nrgrAma) 84.72 à{VeV ahm&

AmpñV dJuH$aU

"AZO©H$ AmpñV`m§' do hmoVr h¢, {OZH$m ã`mO Am¡a /AWdm

‘ybYZ 90 {XZm| go A{YH$ g‘` go ~H$m`m hmoVm h¡& O~ Eogr

Ad‘mZH$ AmpñV`m§ 12 ‘mh go A{YH$ Ad{Y VH$ AZO©H$

EpŠµO‘ ~¢H$ Zo AO]Q>rZm ‘| 93.30 ‘oJmdmQ> H$s ’$moQ>modmopëQ>H$ gm¡a D$Om© CËnmXZ B©H$mB© Ho$ {bE Jma§{Q>`m§ àXmZ H$s¨&

Exim Bank extended guarantees for a photovoltaic solar energy generation facility in Argentina.


AmpñV Ho$ ê$n ‘| ~Zr ahVr h¢, Vmo CÝh| "g§{X½Y AmpñV`m|'

Ho$ ê$n ‘| dJuH¥$V {H$`m OmVm h¡& "hm{Z AmpñV`m§' do

hmoVr h¢, Omo dgybr `mo½` Zht g‘Pr OmVt& `Wm 31 ‘mM©,

2019 H$mo gH$b AZO©H$ AmpñV`m| ‘| Ad‘mZH$ AmpñV`m§

0.36 à{VeV Am¡a g§{X½Y AmpñV`m§ 10.98 à{VeV H$s aht&

`Wm 31 ‘mM©, 2019 H$mo {Zdb AZO©H$

AmpñV`m| ‘| Ad‘mZH$ AmpñV`m§ 0.16 à{VeV

Am¡a g§{X½Y AmpñV`m§ 2.28 à{VeV H$s aht&

`Wm 31 ‘mM©, 2019 H$mo ~¢H$ H$s H$moB© hm{Z

AmpñV`m§ Zht aht&

ny±Or n`m©áVm

OmopI‘ AmpñV`m| H$s VwbZm ‘| ny±Or H$m AZwnmV

(grAmaEAma) ^maVr` [aµOd© ~¢H$ Ûmam {ZYm©[aV Ý`yZV‘

9 à{VeV H$s VwbZm ‘| `Wm 31 ‘mM©, 2019 H$mo

19.07 à{VeV ahm& `Wm 31 ‘mM©, 2018 H$mo `h

10.35 à{VeV Wm& F$U-B{¹$Q>r AZwnmV `Wm

31 ‘mM©, 2018 H$mo 10.85 à{VeV H$s VwbZm ‘| `Wm

31 ‘mM©, 2019 H$mo 6.29 à{VeV ahm&

A{YH$V‘ F$U gr‘m (EŠgnmoOa) ‘mZX§S>

^maVr` [aµOd© ~¢H$ Zo ApIb ^maVr` ‘r`mXr F$UXmÌr

g§ñWmAm| Ho$ {bE 31 ‘mM©, 2002 go EH$b CYmaH$Vm©

Ho$ {bE A{YH$V‘ F$U gr‘m {dÎmr` g§ñWm H$s ny±Or

{Z{Y`m| H$s 15 à{VeV Am¡a g‘yh CYmaH$Vm©Am| Ho$ {bE

40 à{VeV {ZYm©[aV H$s h¡& {ZXoeH$ ‘§S>b Ho$ nyd© AZw‘moXZ

go {deof ‘m‘bm| ‘| `h gr‘m nm§M à{VeV q~XþAm| VH$

Am¡a ~‹T>mB© Om gH$Vr h¡ AWm©V EH$b CYmaH$Vm© Ho$

{bE `h gr‘m {dÎmr` g§ñWm H$s Hw$b ny±Or {Z{Y`m| H$s

20 à{VeV VH$ Am¡a CYmaH$Vm© g‘yhm| Ho$ {bE 45 à{VeV

VH$ hmo gH$Vr h¡& EH$b CYmaH$Vm©Am| Am¡a CYmaH$Vm©

g‘yhm| Ho$ {bE Bg A{YH$V‘ F$U gr‘m (H«$‘e…

20 à{VeV Am¡a 45 à{VeV) H$mo H«$‘e… A{V[a³V 5 à{VeV

q~XwAm| Am¡a 10 à{VeV q~XwAm| VH$ Am¡a ~‹T>m`m Om gH$Vm

h¡, ~eV} {H$ ~‹T>mB© JB© gr‘m ^maV ‘| ~w{Z`mXr T>m§MmJV

joÌ H$s n[a`moOZmAm| Ho$ {bE hmo& `Wm 31 ‘mM©, 2019 H$mo

EH$b VWm g‘yh CYmaH$Vm©Am| H$mo ~¢H$ H$s {dÎmr` ghm`Vm

^maVr` [aµOd© ~¢H$ Ûmam {ZYm©[aV gr‘m Ho$ ^rVa Wr& `Wm

1 Aà¡b, 2019 H$mo 2 CYmaH$Vm©Am| Ho à{V EŠgnmoOa ny±Or

{Z{Y Ho$ 15 à{VeV go A{YH$ Wm, {OgHo$ {bE

90 days. Sub-standard assets that have remained

as NPAs for a period exceeding 12 months are

classified as 'doubtful assets.' 'Loss assets' are

those considered uncollectable. The gross NPAs

as on March 31, 2019, comprised sub-standard

assets of 0.36 per cent, and doubtful assets of

10.98 per cent. The net NPAs as on

March 31, 2019, comprised sub-standard

assets of 0.16 per cent, and doubtful assets of

2.28 per cent. The Bank did not have any loss

assets as on March 31, 2019.

Capital Adequacy

The Capital to Risk Assets Ratio (CRAR) was

19.07 per cent as on March 31, 2019, as compared

to 10.35 per cent as on March 31, 2018, as against

a minimum 9 per cent norm stipulated by RBI. The

Debt-Equity Ratio as on March 31, 2019 was 6.29

as compared to 10.85 as on March 31, 2018.

Exposure Norms

Effective from March 31, 2002, RBI has prescribed

credit exposure limits for all India term lending

institutions, at 15 per cent of the financial

institutions' capital funds, for exposure to individual

borrowers and at 40 per cent for group borrowers.

An additional exposure up to 5 per cent (i.e. a

total exposure up to 20 per cent of capital funds

of the financial institution for single borrowers and

45 per cent of capital funds for borrower groups)

can be taken in exceptional circumstances, with the

prior approval of the Board. The exposure ceilings

for individual borrowers and borrower groups can

be exceeded by an additional five percentage

points (i.e. 5 per cent of total capital funds) and ten

percentage points (i.e.10 per cent of total capital

funds), respectively (over and above the maximum

limits of 20 per cent and 45 per cent, respectively),

provided the additional credit exposure is on account

of infrastructure projects in India. The Bank's

credit exposures to single and group borrowers

as on March 31, 2019, were within the limits


3232 dm{f©H$ [anmoQ>© 2018-19

{ZXoeH$ ‘§S>b go AZw‘moXZ àmá H$a {b¶m J`m Wm& `Wm

31 ‘mM©, 2019 H$mo BZ CYmaH$Vm©Am| Ho$ à{V EŠgnmoOa,

~¢H$ H$s ny±Or {Z{Y`m| H$m H«$‘e… 18.89 à{VeV Am¡a

15.39 à{VeV ahm&

^maVr` [aµOd© ~¢H$ Zo {dÎmr` g§ñWmAm| H$mo `h ^r gy{MV

{H$`m h¡ {H$ do {d{eï> CÚmoJ joÌm| H$mo F$U ghm`Vm Ho$ {bE

AnZr Am§V[aH$ gr‘mE§ ^r {ZYm©[aV H$a|, Vm{H$ {d{^ÝZ

joÌm| H$mo F$U H$m g‘mZ ê$n go ’¡$bmd hmo gHo$& ~¢H$ Ûmam

àË`oH$ CÚmoJ joÌ Ho$ {bE A{YH$V‘ F$U gr‘m, g^r

CÚmoJ joÌm| H$mo ~¢H$ Ho$ F$U EŠgnmoOa H$s 15 à{VeV

{ZYm©[aV H$s JB© h¡& `Wm 31 ‘mM©, 2019 H$mo {H$gr ^r

EH$b CÚmoJ Ho$ à{V ~¢H$ H$m EŠgnmoOa g^r CÚmoJ joÌm|

Ho$ à{V ~¢H$ Ho$ Hw$b EŠgnmoOa Ho$ 15 à{VeV go A{YH$

Zht Wm&

stipulated by RBI. There were 2 borrowers as on

April 1, 2019, for whom exposure over 15 per cent

of capital funds was assumed with the approval

of the Board. Exposure to these borrowers as

on March 31, 2019, stood at 18.89 per cent and

15.39 per cent of the capital funds of the Bank,

respectively.

RBI has advised financial institutions to adopt

internal limits on exposures to specific industry

sectors so that the exposures are evenly spread

over various sectors. The industry exposure limits

adopted by the Bank for each industry sector are

15 per cent of the Bank's credit exposure to all

industry sectors. The Bank's exposure to any single

industry sector was not more than 15 per cent of its

total exposure as on March 31, 2019.

EpŠµO‘ ~¢H$ Zo bJ^J 96 {H$bmo‘rQ>a H$s Xyar H$mo H$da H$aZo dmbr 500 Ho$dr WmB© / bmAmog ~m°S>©a-C~moZ aMVmZr Q´>m§g{‘eZ bmBZm| H$s Amny{V© Am¡a {Z‘m©U Ho$ {bE J¡a-{Z{YH$ ghm¶Vm àXmZ H$s&

Exim Bank extended non-fund based support for supply and construction of 500 kV Thai / Laos border-Ubon Ratchathani transmission lines, covering a distance of approximately 96 km.


3434 dm{f©H$ [anmoQ>© 2018-19

n[a`moOZmAm|, CËnmXm| Am¡a godmAm| H$m {Z`m©V

~¢H$ n[a`moOZmAm| Ho$ {Z`m©V Ho$ {bE {dÎm Am¡a nam‘eu godmE§, ny±OrJV CnH$aU {dÎm, n[a`moOZm {Z`m©V ZH$Xr àdmh KmQ>m {dÎm, Jma§{Q>`m§ Am¡a gmI-nÌ O¡gr {d{^ÝZ {Z`m©V F$U gw{dYmE§ Am¡a godmE§ àXmZ H$aVm h¡& ~¢H$ H$mo ^maVr` n[a`moOZm {Z`m©VH$m| H$mo {Z{YH$ ghm`Vm VWm n[a`moOZm g§~§Yr Jma§Q>r gw{dYmAm| g{hV ì`mnH$ {dÎmnmofU àXmZ H$aZo ‘| {deofkVm àmá h¡&

{Z`m©V F$U Am¡a Jma§{Q>`m§

~¢H$ Zo df© Ho$ Xm¡amZ, H«o$Vm F$U Am¡a n[a`moOZm {Z`m©V {dÎm gw{dYmAm| Ho$ A§VJ©V Hw$b ` 8.72 {~{b`Z am{e Ho$ F$Um| H$mo ‘§Oyar àXmZ H$s& df© Ho$ Xm¡amZ, Hw$b ` 22.74 {~{b`Z am{e Ho$ g§{dVaU {H$E JE Am¡a ` 26.21 {~{b`Z H$s Jma§{Q>`m§ Omar H$s JBª& H«o$Vm F$U Ho$ A§VJ©V {H$E JE g§{dVaUm| Ho$ O[aE WmB©b¢S>, `yEB©, `yEgE Am¡a 14 A’«$sH$s Xoem| H$mo {Z`m©Vm| ‘| ghm`Vm H$r JB©& df© Ho$ Xm¡amZ, EpŠµO‘ ~¢H$ Zo ^maV go dñVwAm| Am¡a godmAm| Ho$ {Z`m©Vm| H$mo gwJ‘ ~ZmZo Ho$ {bE `yJm§S>m S>odbn‘|Q> ~¢H$ {b{‘Q>oS> H$mo ^r 5 {‘{b`Z `yEg S>m°ba H$s F$U-ì`dñWm àXmZ H$s& df© Ho$ Xm¡amZ Omar H$s JB© Jma§{Q>`m§ ‘w»` ê$n go {~Obr CËnmXZ, Q´>m§g{‘eZ Am¡a {dVaU VWm ~w{Z`mXr T>m§MmJV {dH$mg, gmoba B©nrgr, nam‘eu godmAm| Am{X joÌm| ‘| {dXoer n[a`moOZmAm| go g§~§{YV h¢&

Projects, Products and Services Exports

The Bank provides a range of export credit products and services like finance for export of projects and consultancy services, capital equipment finance, export project cash flow deficit finance, guarantees and letter of credits. The Bank is specialised in offering a comprehensive financing package to Indian project exporters including funded support and project related guarantee facilities.

Export Credits and Guarantees

During the year, the Bank approved loans aggregating ` 8.72 billion by way of Buyer’s Credit and finance for project exports. During the year, disbursements of ` 22.74 billion and guarantees aggregating ` 26.21 billion were issued. Disbursements under the Buyer's Credit programme supported exports to Thailand, UAE, the USA and 14 countries in Africa. During the year, the Bank also extended a credit line of US$ 5 million to Uganda Development Bank Ltd. to facilitate export of goods and services from India. The guarantees issued during the year mainly pertain to overseas projects in sectors such as power generation, transmission and distribution, infrastructure development, solar EPC, consultancy services, etc.

Export Contracts

Some major project exports contracts supported by Exim Bank during the year include:

• Construction of railway tracks, embankment,bridge, culverts, station buildings, platforms and sheds and level crossing, along with associated works in Bangladesh, awarded to a joint venture of Afcons Infrastructure Ltd. and Kalpataru Power Transmission Ltd.;

• Design,supply, installation,andcommissioningof 225kV substations in Man (Côte d’Ivoire), Nzerekore (Guinea), Yiben and Kamakwie (Sierra Leone) secured by KEC International Ltd.;

• Supply of high speed patrol boats for Vietnam Border Guard, Ministry of National Defence, Government of Socialist Republic of Vietnam by Larsen & Toubro Ltd.;

EpŠµO‘ ~¢H$ Zo ‘mbXrd gaH$ma H$mo {dH$mg n[a`moOZmAm| Ho$ {dÎmnmofU Ho$ {bE 800 {‘{b`Z `yEg S>m°ba H$s F$U-ì`dñWm àXmZ H$s&

Exim Bank extended a Line of Credit of US$ 800 million to the Government of Maldives for financing developmental projects.

{Z`m©V g§{dXmE§

EpŠµO‘ ~¢H$ Ûmam df© Ho$ Xm¡amZ ghm¶Vm àXmZ H$s JB© Hw$N>

à‘wI n[a`moOZm {Z`m©V g§{dXmE§ {ZåZ{bpIV h¢:

• ~m§½bmXoe ‘| E’$H$m°Ýg BÝ’«$mñQ ´ŠMa {b{‘Q>oS> Am¡a

H$ënVé nmda Q´>m§g{‘eZ {b{‘Q>oS> Ho$ g§`wº$ CÚ‘ H$mo

àXmZ H$s JB© aobdo Q´>¡H$, VQ>~§Y, nwbm|, ^y{‘JV Zmbm|,

ñQ>oeZ ^dZm|, ßb¡Q>’$m°‘© Am¡a eoS> VWm bodb H«$m°qgJ

Ho$ {Z‘m©U Am¡a g§~§{YV H$m`m] H$s g§{dXm;


• ‘mZ (H$moV {X'dma), OoaoH$moao ({JZr), {`~oZ Am¡a H$m‘m¹$s ({gEam {bAmoZ) ‘| Ho$B©gr B§Q>aZoeZb {b{‘Q>oS> Ûmam hm{gb H$s JB© 225 Ho$dr Ho$ g~ñQ>oeZm| Ho$ {S>OmBZ, Amny{V©, ñWmnZm Am¡a CÝh| Mmby H$aZo H$s g§{dXm;

• {d`VZm‘ gaH$ma Ho$ amï>r` ajm ‘§Ìmb` Ho$ A§VJ©V {d`VZm‘ ~m°S>©a JmS>© Ho$ {bE bmg}Z E§S> Qy>~«mo {b{‘Q>oS> Ûmam VoO aâVma noQ>mob Zm¡H$mAm| H$s Amny{V© g§~§Yr g§{dXm;

• nmnwAm Ý`y {JZr ‘| Ho$B©gr B§Q>aZoeZb {b{‘Q>oS> Ûmam 132 Ho$dr H$s Q´ m§g{‘eZ bmBZ Ho$ {S>OmBZ, Amny{V© Am¡a {Z‘m©U g§~§Yr g§{dXm;

• ‘mbr ‘| Q>mQ>m àmoOoŠQ²g {b{‘Q>oS> Ûmam 225/33/15 Ho$dr Ho$ 3 ZE g~ñQ>oeZm| Ho$ {Z‘m©U Am¡a 225 Ho$dr Ho$ 2

nwamZo g~ñQ>oeZm| Ho$ {dñVma g§~§Yr Q>Z©H$s g§{dXm;

• ~oZ~mZ, {‘ò ‘| ñQ>{bªJ E§S> {dëgZ àmBdoQ> {b{‘Q>oS> Ûmam {Zînm{XV H$s Om ahr 50 ‘oJmdmQ> (Egr) ’$moQ>modmopëQ>H$ gm¡a {dÚwV CËnmXZ B©H$mB© Ho$ {S>OmBZ, B§Or{Z`[a¨J, àmoŠ`moa‘|Q> Am¡a {Z‘m©U g§~§Yr g§{dXm&

amï´>r` {Z`m©V ~r‘m ImVo Ho$ A§VJ©V H«o$Vm F$U

EpŠµO‘ ~¢H$ Zo ^maV go {Z`m©Vm| H$mo, {deof ê$n go

~w{Z`mXr T>m§MmJV joÌ ‘| {Z`m©Vm| H$mo Am¡a A{YH$ J{V

• Design, supply and construction of 132kv

transmission line in Papua New Guinea by KEC

International Ltd.;

• Turnkey contract for construction of 3 new

substations of 225/33/15 kV and the extension

of 2 former substations of 225 KV in Mali by Tata

Projects Ltd.;

• Design, engineering, procurement and

construction of a 50MW (AC) photovoltaic solar

electricity generation facility at Benban, Egypt,

being executed by Sterling and Wilson Pvt. Ltd.

Buyer's Credit under the National Export

Insurance Account

In order to provide further impetus to project exports

from India, especially in the infrastructure sector,

in 2011, Exim Bank in conjunction with ECGC Ltd.,

introduced a new initiative, viz. Buyer’s Credit under

the Government of India’s National Export Insurance

EpŠµO‘ ~¢H$ Ûmam lrb§H$m H$mo àXmZ H$s JB© F$U-ì`dñWm Ho$ A§VJ©V lrb§H$m aobdo H$mo amBQ²g {b{‘Q>oS> Ûmam Egr `mÌr {S>ã~m| g{hV N>h S>rOb ‘ëQ>rnb `y{ZQ> {Z¶m©V {H$E JE& `o `mÌr {S>ã~o AË`mYw{ZH$ B§Q>r[a`a Am¡a AmYw{ZH$ S´>mBda-gh-JmS>© Ho${~Z go b¡g h¢&

Six diesel multiple units with air conditioned passenger compartments featuring state-of-the-art interiors and modern driver-cum-guard cabin were exported by RITES Ltd. to Sri Lanka Railways under Exim Bank’s Line of Credit.


3636 dm{f©H$ [anmoQ>© 2018-19

àXmZ H$aZo Ho$ CÔoí` go 2011 ‘| B©grOrgr {b{‘Q>oS> Ho$

gmW {‘bH$a EH$ ZB© nhb H$s Wr& `h nhb h¡ - ^maV

gaH$ma Ho$ amï´>r` {Z`m©V ~r‘m ImVo Ho$ A§VJ©V H«o$Vm F$U

(~rgr-EZB©AmB©E)& Bg H$m`©H«$‘ Ho$ A§VJ©V, ~¢H$ Ûmam

31 ‘mM©, 2019 VH$ 2.78 {~{b`Z `yEg S>m°ba ‘yë` H$s

21 n[a`moOZmAm| Ho$ {bE 2.58 {~{b`Z `yEg S>m°ba H$s

am{e H$mo ‘§Oyar àXmZ H$s Om MwH$s h¡& ~rgr-EZB©AmB©E

Ho$ A§VJ©V ~¢H$ Ûmam ghm¶Vm àXmZ H$s JB© Hw$N> à‘wI

n[a`moOZmE§ {ZåZ{bpIV h¢:

• lrb§H$m ‘| Ob emoYZ g§`§Ì H$s ñWmnZm VWm [aOdm©©`a

VH$ Ob {dVaU n[a`moOZm;

• ‘moµOmpå~H$ Ho$ ~oam ~§XaJmh na EH$sH¥$V EbnrOr ñQ>moaoO

gw{dYm H$s ñWmnZm;

• H$moV {X'dma, goZoJb Am¡a V§Om{Z`m H$mo dmhZm| Am¡a

nwOm] H$s Amny{V©;

• H¡$‘ê$Z, B{W`mo{n`m, ‘m°[aQ>m{Z`m, goZoJb Am¡a

µOmpå~`m ‘| Q´ m§g{‘eZ bmBZ n[a`moOZmE§;

• KmZm ‘| aobdo bmBZ n[a`moOZm;

• ‘mbXrd Am¡a µOmpå~`m ‘| g‹S>H$ n[a`moOZmE§; Am¡a

• gyarZm‘ ‘| qgMmB© n[a`moOZm&

~¢H$ Zo {d{^ÝZ à‘wI maVr` n[a`moOZm {Z`m©VH$m| H$s Amoa go 6.05 {~{b`Z `yEg S>m°ba ‘yë` H$s 43 n[a`moOZmAm| H$mo 5.32 {~{b`Z `yEg S>m°ba H$s ghm¶Vm àXmZ H$aZo Ho$ {bE {gÕm§VV… gh‘{V ^r Xr h¡&

Account (BC-NEIA). Under the BC-NEIA programme,

the Bank has sanctioned an aggregate amount of

US$ 2.58 billion, towards 21 projects, valued at

US$ 2.78 billion, up to March 31, 2019. Some of the

key projects supported by the Bank under BC-NEIA

include:

• A water treatment plant and distribution to

reservoirs project in Sri Lanka;

• IntegratedLPGstoragefacilityattheBeiraPort

in Mozambique;

• Supplyofvehiclesandspares toCoted'Ivoire,

Senegal and Tanzania;

• TransmissionlineprojectsinCameroon,Ethiopia,

Mauritania, Senegal and Zambia;

• ArailwaylineprojectinGhana;

• RoadprojectsinMaldivesandZambia;and

• AnirrigationprojectinSuriname.

The Bank has also given in-principle commitments

of US$ 5.32 billion for supporting 43 projects valued

at US$ 6.05 billion, at the behest of several leading

Indian project exporters.

Lines of Credit

Exim Bank, on behalf of, and with the support of

the Government of India (GOI), extends Lines of

Credit (LOCs) to sovereign governments, regional

development banks and overseas entities to

promote development in partner countries. During

the year, the Bank extended 18 LOCs, aggregating

US$ 2.31 billion, to support export of projects,

goods and services from India. LOCs extended

by Exim Bank during the year include LOCs to

the Governments of Cuba, D.R Congo, Maldives,

Mozambique, Papua New Guinea, Rwanda, Senegal,

Seychelles, Suriname, Tanzania and Uzbekistan.

These LOCs will catalyse Indian exports by way of

financing projects such as agriculture and irrigation

development, renewable energy projects like

solar power projects and wind energy farm, road

projects, housing and social infrastructure projects,

development of railways and related infrastructure,

Q>rgrAmB© g¡Z‘ma Ho${‘H$ëg Eg.E.B©., {‘ò H$s ñWmnZm Ho$ {bE {dXoer {Zdoe {dÎm&

Overseas Investment Finance for part financing set up of TCI Sanmar Chemicals S.A.E, Egypt.


F$U-ì`dñWmE§

EpŠµO‘ ~¢H$, gmPoXma Xoem| ‘| {dH$mg H$mo ~‹T>mdm XoZo Ho$ {bE ^maV gaH$ma H$s Amoa go VWm gaH$ma Ho$ gh`moJ go, g§à^w gaH$mam|, joÌr` {dH$mg ~¢H$m| Am¡a {dXoer g§ñWmAm| H$mo ghm¶Vm àXmZ H$aVm h¡& df© Ho$ Xm¡amZ, ~¢H$ Zo ^maV go n[a`moOZmAm|, dñVwAm| Am¡a godmAm| Ho$ {Z`m©Vm| H$mo ghm¶Vm àXmZ H$aZo Ho$ CÔoí` go 2.31 {~{b`Z `yEg S>m°ba H$s 18

F$U-ì`dñWmE§ àXmZ H$s¨& EpŠµO‘ ~¢H$ Ûmam df© Ho$ Xm¡amZ àXmZ H$s JB© F$U-ì`dñWmAm| ‘| Š`y~m, H$m§Jmo, ‘mbXrd, ‘moµOmpå~H$, nmnwAm Ý`y {JZr, adm§S>m, goZoJb, goeoëg, gyarZm‘, V§‹Om{Z`m Am¡a CÁ~o{H$ñVmZ gaH$mam| H$mo àXmZ H$s JB© F$U-ì`dñWmE§ em{‘b h¢& `o F$U-ì`dñWmE§ H¥${f Ed§ qgMmB© {dH$mg, gm¡a D$Om© n[a`moOZmAm| Am¡a ndZ D$Om© ’$m‘© O¡gr Aj` D$Om© n[a`moOZmAm|, g‹S>H$ n[a`moOZmAm|, AmdmgZ Am¡a gm‘m{OH$ ~w{Z`mXr T>m§MmJV n[a`moOZmAm|, aobdo {dH$mg Am¡a g§~§{YV ~w{Z`mXr T>m§Mm, Q´ m§g{‘eZ bmBZm| Am¡a g~ñQ>oeZm| g§~§Yr n[a`moOZmAm|, ñdmñÏ` godm àUmbr Ho$ nwZéÕma Am¡a gwYma g§~§Yr n[a`moOZmAm| VWm Ob Amny{V© àUmbr H$s ñWmnZm O¡gr n[a`moOZmAm| Ho$ {dÎmnmofU Ho$ ‘mÜ`‘ go ^maVr` {Z`m©Vm| H$mo ~‹T>mdm X|Jr& EpŠµO‘ ~¢H$ Ûmam `Wm 31 ‘mM©, 2019 H$mo 24.28 {~{b`Z `yEg S>m°ba H$s F$U à{V~ÕVmAm| Ho$ gmW ^maV gaH$ma H$s 246 F$U-ì`dñWmE§ àXmZ H$s JB© h¢, {OZHo$ A§VJ©V n[a`moOZmE§ {H«$`mÝd`Z Ho$ {d{^ÝZ MaUm| ‘| h¢& `o F$U-ì`dñWmE§ {Za§Va {dñVma Ho$ Ñ{ï>H$moU Ho$ gmW A’«$sH$m, E{e`m, b¡{Q>Z A‘o[aH$m Am¡a grAmB©Eg joÌm| ‘| 63 Xoem| Ho$ Am{W©H$ {dH$mg ‘| `moJXmZ Xo ahr h¢&

projects for transmission lines and substation, rehabilitation and improvement of healthcare system and setting up of water supply scheme. Exim Bank’s LOC portfolio as on March 31, 2019, includes 246 GOI LOCs with credit commitments aggregating US$ 24.28 billion which are at various stages of implementation. With an ever expanding reach, the LOCs are contributing towards stimulating economic growth in 63 countries in Africa, Asia, Latin America and the CIS region.

Concessional Financing Scheme

Exim Bank has extended a term loan of

US$ 1.60 billion to the Bangladesh-India Friendship

Power Company Pvt. Ltd. (a 50:50 joint venture

between the Bangladesh Power Development

Board, Bangladesh and NTPC Ltd., India) for

financing the strategic 1320 MW (2*660 MW) ultra

super-critical Maitree Super Thermal Power Project

on turnkey basis at Rampal, District-Bagerhat,

Bangladesh. The contract was awarded to Bharat

Heavy Electricals Ltd., following an International

Competitive Bidding process. State-of-the-art

technologies have been selected for this project

to make it an environment friendly project. Once

commissioned, the Maitree Super Thermal Power

Project is expected to be one of the largest power

plants in Bangladesh. The power plant is part of the

Government of Bangladesh's plan for infrastructure

development in the country, particularly in the

EpŠµO‘ ~¢H$ Zo ‘moµOmpå~H$ ‘| {~Eam ~§XaJmh na EH$sH¥$V EbnrOr gw{dYm Am¡a {~Qw>‘oZ ñQ>moaoO gw{dYm H$s ñWmnZm Ho$ {bE noQ´>mo{bAmog Xo ‘moH¡$på~H$ Eg. E. H$mo ~rgr-EZB©AmB©E àXmZ {H$¶m&

Exim Bank extended BC-NEIA to Petroleos de Mocambique S. A. to set-up an integrated LPG facility and bitumen storage facility, at Beira port, Mozambique.

EpŠµO‘ ~¢H$ Zo bwgmH$m {gQ>r {S>H§$OoeZ n[a`moOZm Ho$ {S>OmBZ Am¡a {Z‘m©U Ho$ {bE Ompå~`m gaH$ma H$mo ~rgr-EZB©AmB©E àXmZ {H$¶m&

Exim Bank extended BC-NEIA to the Government of Zambia for design and construction of the Lusaka City Decongestion Project.

[a`m`Vr {dÎmnmofU `moOZm

EpŠµO‘ ~¢H$ Zo ~m§½bmXoe Ho$ ~mJahmQ> {Obo Ho$ am‘nmb ‘| Q>Z©H$s AmYma na 1320 ‘oJmdmQ> (2*660 ‘oJmdmQ>) H$s aUZr{VH$ AëQ´ m gwna-{H«${Q>H$b ‘¡Ìr


3838 dm{f©H$ [anmoQ>© 2018-19

gwna W‘©b nm°da n[a`moOZm Ho$ {dÎmnmofU Ho$ {bE 1.60 {~{b`Z `yEg S>m°ba H$m ‘r`mXr F$U àXmZ {H$`m h¡& `h F$U ~m§½bmXoe nm°da S>odbn‘|Q> ~moS>©, ~m§½bmXoe Am¡a EZQ>rnrgr {b{‘Q>oS>, ^maV H$s 50:50 H$s {hñgoXmar dmbr g§`w³V CÚ‘ H§$nZr "~m§½bmXoe-B§{S>`m ’«|$S>{en nm°da H§$nZr àmBdoQ> {b{‘Q>oS>' H$mo àXmZ {H$`m J`m h¡& Bg Q>Z©H$s n[a`moOZm H$m H$m`© A§Vaamï´>r` ~mobr Ho$ O[aE ^maV h¡dr BbopŠQ´H$ëg {b. H$mo {‘bm Wm& Bg n[a`moOZm H$mo n`m©daU AZwHy$b ~ZmZo Ho$ {bE AmYw{ZH$V‘ àm¡Úmo{JH$s H$m M`Z {H$`m J`m h¡& EH$ ~ma V¡`ma hmoZo Ho$ ~mX ‘¡Ìr gwna W‘©b nm°da n[a`moOZm ~m§½bmXoe H$s g~go ~‹S>r {dÚwV n[a`moOZmAm| ‘| go EH$ hmoJr& `h {dÚwV g§`§Ì ~m§½bmXoe gaH$ma H$s ~w{Z`mXr T>m§MmJV {dH$mg, {deof ê$n go {dÚwV joÌ Ho$ {bE V¡`ma H$s JB© `moOZm H$m {hñgm h¡& Bg n[a`moOZm go ~m§½bmXoe ‘| D$Om© CËnmXZ j‘Vm H$mo ~‹T>mH$a {~Obr H$s H$‘r H$mo Xya {H$¶m Om gHo$Jm&

power sector. The project would augment the

power generation capacity and reduce the

current power deficit.

BUILDING EXPORT COMPETITIVENESS

The Bank operates a range of financing programmes

aimed at enhancing the export competitiveness of

Indian companies. During FY 2018-19, Exim Bank

sanctioned loans aggregating ` 83.65 billion under

programmes for enhancing export competitiveness.

Disbursements amounted to ` 138.52 billion under

these programmes.

Loans to Export Oriented Units

During the year, the Bank approved term loans

of ` 25.75 billion to 21 export oriented units.

Disbursements amounted to ` 19.82 billion. Under

the Production Equipment Finance Programme,

4 exporting companies were sanctioned

` 1.57 billion for financing acquisition of

production equipment. Disbursements amounted to

` 1.48 billion. 4 companies were sanctioned

long-term working capital loans aggregating

` 10.22 billion. Disbursements amounted to

` 9.88 billion.

Technology Upgradation Fund Scheme (TUFS)

Exim Bank is one of the nodal agencies appointed

by the Ministry of Textiles, GOI, to establish and

approve the eligibility of projects under TUFS, and

EpŠµO‘ ~¢H$ Zo ZmBOa gaH$ma H$mo àXÎm F$U-ì`dñWm Ho$ A§VJ©V EH$ gm¡a n[a`moOZm Ho$ {ZînmXZ Ho$ {bE ghm¶Vm àXmZ H$s&

Exim Bank supported the execution of a solar project under Exim Bank's Line of Credit to the Government of Niger.

H$moV {X'dma gaH$ma H$mo àXÎm F$U-ì`dñWm Ho$ A§VJ©V ‘hmË‘m Jm§Yr AmB©Q>r Am¡a ~m`moQ>oŠZmobm°Or nmH©$ H$m {Z‘m©U {H$`m J`m&

Mahatma Gandhi IT and Biotechnology Park Project constructed under Line of Credit extended to the Government of Cote d'Ivoire.

{Z`m©V ñnYm©Ë‘H$Vm H$m g¥OZ

~¢H$ ^maVr` H§$n{Z`m| H$s {Z`m©V ñnYm©Ë‘H$Vm ~‹T>mZo Ho$ {bE H$B© {dÎmnmofU H$m`©H«$‘m| Ho$ O[aE ghm¶Vm àXmZ H$aVm h¡& {dÎmr` df© 2018-19 Ho$ Xm¡amZ, EpŠµO‘ ~¢H$ Ûmam AnZo BZ {d{^ÝZ H$m`©H«$‘m| Ho$ A§VJ©V Hw$b ` 83.65 {~{b`Z Ho$ F$Um| H$mo ‘§Oyar àXmZ H$s JB© Am¡a ` 138.52 {~{b`Z H$s am{e H$m g§{dVaU {H$`m J`m&

{Z`m©V CÝ‘wI B©H$mB`m| H$mo F$U

df© Ho$ Xm¡amZ, ~¢H$ Zo 21 {Z`m©VmoÝ‘wIr B©H$mB`m| H$mo ` 25.75 {~{b`Z Ho$ ‘r`mXr F$Um| H$mo ‘§Oyar Xr, {OZHo$ A§VJ©V g§{dVaU H$s am{e ` 19.82 {~{b`Z ahr& CËnmXZ CnH$aU {dÎm H$m`©H«$‘ Ho$ A§VJ©V, Mma {Z`m©VH$ H§$n{Z`m| H$mo CËnmXZ CnH$aUm| H$s IarX Ho$ {dÎmnmofU Ho$ {bE ` 1.57 {~{b`Z H$s am{e ‘§Oya H$s JB©, {OZHo$ A§VJ©V


g§{dVaU H$s am{e ` 1.48 {~{b`Z ahr& Mma H§$n{Z`m| H$mo ` 10.22 {~{b`Z Ho$ XrKm©d{Y H$m`©erb ny±Or F$U ‘§Oya {H$E JE, {OZHo$ A§VJ©V g§{dVaU H$s am{e ` 9.88 {~{b`Z ahr&

àm¡Úmo{JH$s CÝZ`Z {Z{Y `moOZm (Q>r`yE’$Eg)

EpŠµO‘ ~¢H$, Q>r`yE’$Eg Ho$ VhV n[a`moOZmAm| H$s nmÌVm H$m {ZYm©aU H$aZo Am¡a CÝho§ Am¡a AZw‘moXZ XoZo VWm AZw‘mo{XV n[a`moOZmAm| H$mo grYo gpãgS>r Omar H$aZo Ho$ {bE dó ‘§Ìmb`, ^maV gaH$ma Ûmam {Z`w³V ZmoS>b EO|{g`m| ‘| go EH$ h¡& `Wm 31 ‘mM©, 2019 H$mo ~¢H$ Zo ` 185.77 {~{b`Z H$s bmJV dmbr Hw$b 233 n[a`moOZmAm| H$mo AZw‘moXZ àXmZ {H$`m& df© Ho$ Xm¡amZ, BZHo$ A§VJ©V AZw‘mo{XV F$Um| Am¡a g§{dVaU H$s am{e H«$‘e… 67.89 {~{b`Z Am¡a 50.44 {~{b`Z ahr& Q>r`yE’$Eg Ho$ A§VJ©V ~¢H$ Ûmam {OZ B©H$mB`m| H$mo ghm¶Vm àXmZ H$s JB© h¡, do dó {d{Z‘m©U Ho$ {d{^ÝZ I§S>m| go g§~§{YV h¢ Am¡a ^maV Ho$ H$B© amÁ`m| ‘| ’¡$br hþB© h¢&

{dXoer {Zdoe {dÎm H$m`©H«$‘

^maV Ho$ OmdH$ {Zdoe H$mo ghm¶Vm àXmZ H$aZo Ho$ {bE ~¢H$ H$m EH$ ì`mnH$ H$m`©H«$‘ h¡, {Og‘| B{¹$Q>r {dÎm, F$U,

Jma§{Q>`m§ Am¡a gbmhH$mar godmE§ em{‘b h¢& df© Ho$ Xm¡amZ, 13 H§$n{Z`m| H$mo 8 Xoem| ‘| CZHo$ {dXoer {Zdoem| Ho$ Am§{eH$ {dÎmnmofU Ho$ {bE Hw$b ` 11.36 {~{b`Z H$s {Z{YH$ Am¡a J¡a-{Z{YH$ ghm`Vm ‘§Oya H$s JB©& EpŠµO‘ ~¢H$ Zo A~ VH$ 78 Xoem| ‘| 467 H§$n{Z`m| Ûmam ñWm{nV 621 CÚ‘m| H$mo {dÎm àXmZ {H$`m h¡& df© Ho$ Xm¡amZ ghm¶Vm àXmZ

release subsidy directly to the approved projects.

As on March 31, 2019, the Bank has accorded

approval for 233 projects with aggregate cost of

` 185.77 billion. Aggregate loan amount of

` 67.89 billion and ` 50.44 billion were approved

and disbursed during FY 2018-19, respectively.

The Bank's assistance to the textile industry under

TUFS is spread across various segments of textile

manufacturing and covers several states in India.

Overseas Investment Finance Programme

The Bank has a comprehensive programme covering

equity finance, loans, guarantees and advisory

services, to support Indian outward investment.

During the year, 13 corporates were sanctioned

funded and non-funded assistance aggregating

` 11.36 billion for part financing their overseas

investments in 8 countries. So far, Exim Bank has

provided finance to 621 ventures set up by 467

companies in 78 countries. Overseas investments

supported during the year include acquisition of

license rights for an iconic and leading designer

lifestyle brand in USA known for its classic American

style, which gives the borrower the access to the

large home textile market in the USA; acquisition of

Zmodo{bg B§H$ H$ZmS>m H$m AmoñdoJmo, Ý`y`m°H©$, `yEgE nyU©V… EH$sH¥$V Eë`y‘r{Z`‘-amoëS> CËnmX {d{Z‘m©U ßbm§Q& EpŠµO‘ ~¢H$ Zo Zmodo{bg B§H$ Ho$ A{YJ«hU Ho$ {bE Am§{eH$ {dÎmnmofU àXmZ {H$`m Am¡a H§$nZr H$s F$U Oê$aVm| H$mo {Z{YH$ gh`moJ àXmZ {H$`m&

A fully integrated aluminium-rolled products manufacturing plant of Novelis Inc. Canada at Oswego, New York, USA. Exim Bank part-financed the acquisition of Novelis Inc. as well as funded the company's debt requirements.


4040 dm{f©H$ [anmoQ>© 2018-19

{H$E JE {dXoer {Zdoem| ‘| A‘o[aH$m ‘| AnZr Šbm{gH$ A‘o[aH$Z ñQ>mBb Ho$ {bE ‘ehÿa EH$ à{V{ð>V Am¡a AJ«Ur {S>OmBZa bmB’$ñQ>mBb ~«m§S> Ho$ bmBg|g A{YH$mam| H$m A{YJ«hU em{‘b h¡, Omo CYmaH$Vm© H$mo A‘o[aH$m Ho$ ~‹S>o hmo‘ Q>oŠgQ>mBb ~mOma VH$ nhþ§MmVm h¡& {dXoer {Zdoem| ‘| O‘©Zr ‘| EH$ new{M{H$Ëgm H§$nZr H$m A{YJ«hU ^r em{‘b h¡, Omo ‘doer Am¡a gyAa I§S> na ’$moH$g H$aVr h¡& BZHo$ A{V[a³V, `yamon ‘| EH$ bm°{OpñQ>Šg MoZ H$m A{YJ«hU Am¡a H$m`©erb ny±OrJV Amdí`H$VmAm| H$m {dÎmnmofU em{‘b h¡& ~¢H$ Ûmam {dXoer {Zdoe {dÎm H$m`©H«$‘ Ho$ A§VJ©V Hw$b ` 584.27 {~{b`Z H$s am{e àXmZ H$s JB© h¡, {Og‘| Am¡fY, KaobygmO-g‚mm, {gbo-{gbmE H$n‹S>o, {Z‘m©U, H$mJO, H$mJO CËnmX, Q>oŠgQ>mBb, Jma‘|Q>, agm`Z, a§OH$ (S>mB©), H§$ß`yQ>a gm°âQ>do`a Am¡a gyMZm àm¡Úmo{JH$s, B§Or{Z`ar gm‘mZ, ñdmñÏ` godm, àmH¥${VH$ g§gmYZ (H$mo`bm Am¡a dZ), YmVw VWm YmVw àg§ñH$aU, H¥${f VWm H¥${f AmYm[aV CËnmX, ñQ>rb VWm Vob Am¡a J¡g O¡go joÌ em{‘b h¢&

AmnmVr gmI-nÌ / gmI-nÌ

{Z`m©VmoÝ‘wIr B©H$mB`m| Ho$ ì`mnma H$mo gwJ‘ ~ZmZo Ho$ {bE ~¢H$, ‘w»`V… Am`mVm| Ho$ {dÎmnmofU Ho$ {bE gmI-nÌ (Ebgr) Omar H$aVm h¡& ~¢H$ {Z`m©VmoÝ‘wIr B©H$mB`m| H$mo CZHo$ {dXoer CÚ‘m| Ho$ {bE {Z{Y`m§ OwQ>mZo ‘| gj‘ ~ZmZo Ho$ {bE {dÎmr` Jma§{Q>`m§ / AmnmVr gmI-nÌ (Eg~rEbgr) àXmZ H$aVm h¡& df© Ho$ Xm¡amZ, ~¢H$ Zo `$6.77 {~{b`Z H$s {dÎmr` Jma§{Q>`m§ Omar H$s¨& ~¢H$ H$m {dÎmr` Jma§Q>r nmoQ>©’$mo{b`mo `Wm 31 ‘mM©, 2018 Ho$ ` 19.75 {~{b`Z H$s VwbZm ‘| `Wm 31 ‘mM©, 2019 H$mo ` 17.64 {~{b`Z H$m ahm&

a veterinary health company in Germany with focus

on cattle and swine segments; acquisition and

working capital requirements of a logistics chain

in Europe, amongst others. Aggregate assistance

extended towards overseas investment amounts to

` 584.27 billion covering various sectors including

pharmaceuticals, home furnishings, readymade

garments, construction, paper, paper products,

textiles, garments, chemicals, dyes, computer

software and IT, engineering goods, healthcare,

natural resources (coal and forests), metal and

metal processing, agriculture, agro-based products,

steel, and oil and gas.

STANDBY LETTERS OF CREDIT (SBLCs) / LETTERS

OF CREDIT (LCs)

To facilitate the transactions of export-oriented

units, the Bank issues LCs mainly for imports

financed by the Bank. The Bank also extends

financial guarantees / SBLCs to enable export

oriented units to raise funds for their overseas

ventures. During the year, the Bank issued financial

guarantees amounting to ` 6.77 billion. The Bank's

financial guarantee portfolio stood at ` 17.64 billion

as on March 31, 2019, as against ` 19.75 billion

as on March 31, 2018.

B{W`mo{n`m ‘| H$Zmo[a`m A’«$sH$m Q>oŠgQ>mBëg nrEbgr Ûmam ñWm{nV J«rZ ’$sëS> S>o{Z‘ {d{Z‘m©U B©H$mB© ‘| aIr AmonZ-E§S> ~wZmB© Am¡a amon-S>mB§J ‘erZo§& Bgo EpŠµO‘ ~¢H$ Ho$ {dXoer {Zdoe {dÎm H$m`©H«$‘ Ho$ A§VJ©V Am§{eH$ {dÎmnmofU àXmZ {H$`m J`m Wm&

Open-end spinning and rope dyeing machines at the greenfield denim manufacturing facility in Ethiopia, set up by Kanoria Africa Textiles Plc., part-financed by Overseas Investment Finance from Exim Bank.


4242 dm{f©H$ [anmoQ>© 2018-19

J«mgê$Q> nhb| Ed§ {dH$mg Am¡a ‘mH}$qQ>J gbmhH$mar godmE§

~¢H$ AnZr J«mgê$Q> nhbm| Ho$ O[aE gm‘mÝ` Vm¡a na J«m‘rU ^maV Ho$ bKw Am¡a gyú‘ CÚ‘m| Ho$ d¡ídrH$aU Ho$ à`mgm| ‘| ‘XX H$aVm h¡& Bg H$m`©H«$‘ H$m à‘wI CÔoí` Xoe Ho$ nma§n[aH$ {eënH$mam|, ~wZH$am| VWm J«m‘rU CÚ{‘`m| Ho$ {bE ZE Adgam| H$m g¥OZ H$aVo hþE g‘mO Ho$ d§{MV dJm] H$s gm‘m{OH$-Am{W©H$ Oê$aVm| H$m I`mb aIZm h¡& ~¢H$ J«mgê$Q> ñVa Ho$ gyú‘ CÚ‘m| Ho$ d¡ídrH$aU H$mo ~‹T>mdm XoZo Ho$ CÔoí` go g‘`-g‘` na CZHo$ {bE Adgam| H$m g¥OZ H$aZo Am¡a CZH$s j‘VmE§ ~‹T>mZo ‘| g§dY©H$ H$s ^y{‘H$m {Z^mVm h¡& BgHo$ {bE ~¢H$ F$Um| Am¡a AZwXmZm|, XmoZm| Vah go {dÎmr` ghm¶Vm àXmZ H$aVm h¡& ~¢H$ AnZr A§Vaamï´>r` à{Vð>m, A§Vaamï´>r` ~mOmam| H$s g‘P, g§ñWmJV g§~§Ym| Am¡a {dXoem| ‘| AnZr ‘m¡OyXJr VWm B©-‘mH}$qQ>J à`mgm| go g’$bVm ewëH$ Ho$ AmYma na Eogo gyú‘ CÚ‘m| Ho$ ‘mH}$qQ>J à`mgm| ‘| ‘XX H$aVm h¡&

H$m`©embmE§ Am¡a à{ejU H$m`©H«$‘

~¢H$ hñV{eën CËnmX ~ZmZo dmbo J«m‘rU XñVH$mam| Am¡a {eënH$mam| H$mo ghm¶Vm àXmZ H$aVm ahm h¡, Vm{H$ do AnZo CËnmXm| H$mo Kaoby Am¡a A§Vaamï´>r` ñVa na {dñVma Xo gH|$& BgHo$ {bE ~¢H$ {S>OmBZ H$m¡eb {dH$mg Am¡a à{ejU H$m`©embmAm| H$m Am`moOZ H$aVm ahm h¡& Bg g§X^© ‘|, ~¢H$ Zo ~m§g Am¡a ~|V {dH$mg g§ñWmZ, AJaVbm Am¡a Zm°W© B©ñQ> h¢S>rH«$mâQ²g, ~manoQ>m, Ag‘ ‘| 26 {eënH$mam| H$mo 25 {Xdgr` {S>OmBZ {dH$mg Am¡a VH$ZrH$s à{ejU H$m`©embm Ho$ Am`moOZ Ho$ {bE gh`moJ {H$`m& H$m`©embm H$m Am`moOZ ~manoQ>m Ho$ EH$ Jm§d ‘| {H$`m J`m& Bg à{ejU H$m`©H«$‘ H$m CÔoí` {Z`m©Vm| Ho$ {bE ZE CËnmX ~ZmZm Am¡a {eënH$mam| H$mo H$ÀMo ‘mb Ho$ Cn`moJ Ho$ ‘hÎd Ho$ ~mao ‘| OmJê$H$ H$aZm Wm, Vm{H$ CZHo$ CËnmX Am¡a A{YH$ {Q>H$mD$ ~Z| Am¡a CÝh| AnZo CËnmXm| Ho$ {bE JwUdÎmm à‘mUrH$aU {‘b gHo$&

Q>mQ>m Q ´ñQ> Ho$ g|Q>a ’$m°a ‘mBH«$mo’$m`Z¢g E§S> bmBdbrhþS> (grE‘Eb) Ho$ gmW gh`moJ kmnZ na hñVmja Ho$ H«$‘ ‘|, ~¢H$ Zo grE‘Eb Ho$ gmW {‘bH$a H$m¡Zm ŠbñQ>a Ho$ XñVH$mam| H$mo à{ejU ‘| gh`moJ Ho$ {bE ‘{Unwa ‘| 262

{XZm| VH$ l¥§Ibm~Õ j‘Vm {Z‘m©U H$m`©embmAm| H$m Am`moOZ {H$`m& Bg à{ejU H$m`©H«$‘ H$m CÔoí` J«mgê$Q> CÚ‘m| H$mo CZH$s {Z`m©V ñnYm©Ë‘H$Vm ‘| gwYma bmZo Ho$ gmW-gmW d¡{ídH$ JwUdÎmm ‘mZH$m| H$mo nyam H$aZo ‘| CZH$s ‘XX H$aZm Am¡a n[a`moOZmAm| / CÚ‘m| Ho$ {bE

Grassroots Initiatives & Development and Marketing Advisory Services

The Bank, through its grassroots initiatives, supports globalisation of small and micro-enterprises, generally based out of rural India. The main objective of the programme is to address the socio-economic needs of the disadvantaged sections of the society by creating expanded opportunities for traditional craft-persons, artisans and rural entrepreneurs of the country. The Bank plays a promotional role to create opportunities for and enhance capabilities of grassroots micro-enterprises aimed at augmenting their globalisation efforts over a period of time. To facilitate the same, the Bank provides financial support, both in the form of loans and grants, for capacity building exercises. The Bank leverages its international standing, knowledge and established institutional linkages, coupled with its physical presence and e-marketing efforts, to support such micro enterprises in their marketing efforts, on a success fee basis.

Workshops and Training Programmes

The Bank has been supporting rural artisans and craftsmen of handicraft products to widen their domestic as well as international presence by organising design skill-building and training workshops. In this context, the Bank supported Bamboo Cane and Development Institute, Agartala and North East Handicrafts, Barpeta, Assam to organise a design development and technical training workshop for 25 days for 26 bamboo and cane craftsmen in Barpeta. The objective of this training programme was to develop a new product range for export purpose and to educate the craftsmen on the importance of treatment of raw materials, to enhance their shelf life and to become eligible for quality certifications.

Consequent to having signed a Memorandum of Cooperation (MOC) with the Centre for Microfinance & Livelihood (CML), an initiative of Tata Trusts, the Bank partnered with CML to arrange a training programme for supporting a Kauna artisan cluster in Manipur through a series of capacity building workshops, over 262 days. The objective of the programme was to help grassroots enterprises


EpŠµO‘ ~¢H$ Zo Ag‘ Ho$ ~manoQ>m ‘| ~|V Ho$ CËnmX ~ZmZo dmbo XñVH$mam|, ‘{Unwa ‘| H$m¡Zm Kmg hñV{eën CËnmXH$m|, amOñWmZ Ho$ OmoYnwa Ho$ nmg n§anamJV ~wZH$am|, CÎma àXoe Ho$ àVmnJ‹T> ‘| Am§dbm CËnmXH$m| Am¡a bÔmI ‘| byåg Am°’$ bÔmI dy‘oÝg H$mo-Am°nao{Q>d H$s ‘{hbm XñVH$mam| Ho$ {bE à{ejU H$m`©H«$‘ H$mo gh`moJ àXmZ {H$`m& Exim Bank supported training programmes for bamboo artisans in Barpeta, Assam; Kauna grass handicraft makers in Manipur; traditional weavers near Jodhpur in Rajasthan; and the women artisans of the Looms of Ladakh Women’s Cooperative in Ladakh.

Eogo AW©j‘ {dÎmnmofU ‘m°S>b VWm loð> nÕ{V`m§ {dH${gV H$aZo H$s {Xem ‘| H$m‘ H$aZm Wm, {OÝh| nydm}Îma ^maV ‘| {d{^ÝZ OJhm| na AbJ-AbJ joÌm| ‘| bmJy {H$`m Om gH$Vm h¡& ~¢H$ Ho$ gh`moJ go Am`mo{OV BZ H$m`©embmAm| Ho$ ~mX BZ‘| {hñgm boZo dmbo {eënH$mam| H$mo ’$adar 2019 ‘| ‘{Unwa ‘| Am`mo{OV "Vrgar {díd ~m§g H$m`©embm' ‘| Am‘§{ÌV {H$`m J`m&

~¢H$ Zo amOñWmZ Ho$ OmoYnwa Ho$ nmg "Ca‘yb ‘éñWbr ~wZH$a {dH$mg g{‘{V' Ho$ 10 ‘mñQ>a ~wZH$am| Ho$ {bE

improve their export competitiveness, inter alia, by complying with global standards of quality and to work towards developing viable financing models and best practices for projects / enterprises, which can be replicated across different sectors and geographical locations in India’s North East region. Post the Bank’s intervention, the artisans were invited to participate in the 3rd World Bamboo

Workshop held at Manipur in February, 2019.


4444 dm{f©H$ [anmoQ>© 2018-19

"CËnmX Ed§ {S>OmBZ {dH$mg' na EH$ à{ejU H$m`©H«$‘ Ho$ {bE gh`moJ àXmZ {H$`m& Bg H$m`©H«$‘ H$m CÔoí` {eënH$mam| H$mo àM{bV ZdrZV‘ {S>OmBZm| Am¡a àm¡Úmo{JH$s Ho$ ~mao ‘| AdJV H$amVo hþE JwUdÎmm dmbo CËnmXm| Ho$ ‘hÎd na Omoa XoZm Wm&

EpŠµO‘ ~¢H$ AnZr J«mgê$Q> nhbm| Ho$ A§VJ©V, Am°J£{ZH$ CËnmXm| Ho$ {dH$mg Ho$ {bE ^r ghm¶Vm àXmZ H$aVm h¡& AnZo Bg à`mg ‘| ~¢H$ Zo CÎma àXoe Ho$ àVmnJ‹T> {Obo ‘| Am§dbm CËnmXH$m| Ho$ H$m¡eb {dH$mg Ho$ {bE àm¡Úmo{JH$s Ed§ CÚ{‘Vm {dH$mg H|$Ð (grQ>rB©S>r) Ûmam Am`mo{OV EH$ CËnmX {dH$mg H$m`©embm Ho$ {bE gh`moJ {H$`m& Bg 10

{Xdgr` H$m`©embm ‘| 30 Am§dbm CËnmXH$m| Zo {hñgm {b`m&

df© Ho$ Xm¡amZ, ~¢H$ Zo bÔmI ‘| Jwé-{eî` naånam na AmYm[aV "byåg Am°µ’$ bÔmI dr‘oÝg H$mo-Am°nao{Q>d'(EbEbS>ãë`ygr) Ûmam Am`mo{OV EH$ AZyR>o H$m`©H«$‘ H$mo ^r gh`moJ àXmZ {H$`m& Bg H$m`©H«$‘ H$m CÔoí` ZB© nr‹T>r Ho$ XñVH$mam| H$mo ní‘rZm D$Z go ~wZmB© H$s Bg àmMrZ H$bm ‘| nma§JV H$aZm Am¡a Bg H$bm H$mo ghoOH$a aIZo dmbo n[admam| H$mo AmOr{dH$m Ho$ gmYZ CnbãY H$amZm Wm& ~¢H$ Ho$ gh`moJ go Am`mo{OV Bg H$m`©H«$‘ Ho$ ~mX, EbEbS>ãë`ygr A~ bÔmI joÌ Ho$ ‘mo{Q>’$ n¡Q>Z© Ho$ {bE H$m°nramBQ> noQ>|Q> hm{gb H$aZo H$s à{H«$`m ‘| h¡, {OgH$m Zm‘ "bÔmIr ní‘rZm em°b' àñVm{dV {H$`m J`m h¡&

H$m`©H«$‘ Am¡a àXe©{Z`m§

~¢H$ Zo gm‘m{OH$ CÚ‘m| Ho$ erf© à~§YZ Ho$ {bE "{eIa na EH$mH$snZ' (BQ> BµO bm°Zbr EQ> X Q>m°n) {df` na "dr‘oZ Am°Z qd½g' (dm°d) Ho$ gmW EH$ MMm©naH$ go{‘Zma H$m Am`moOZ {H$`m, {OgZo ‘w»` H$m`©H$mar A{YH$m[a`m| (grB©Amo) H$mo AnZo AZw^d gmPm H$aZo Am¡a dm°d Ho$ VrZ S>M {deofkm| Ho$ AZw^dm| go grIZo Ho$ {bE EH$ ‘§M àXmZ {H$`m& Bg go{‘Zma ‘| dm°d Ho$ {~OZog nmQ>©Zam| Ho$ gmW-gmW ~¢H$ Ho$ Hw$N> J«mgê$Q> CÚ‘m| Zo r {hñgm {b`m&

The Bank supported a training programme on ‘Product and Design Development’, for 10 master weavers of Urmul Marusthali Bunker Vikas Samiti near Jodhpur, Rajasthan. The programme was aimed at improving the artisans’ understanding of the latest designs / technology trends and emphasising the criticality of quality products.

Exim Bank, under its grassroots initiatives, also seeks to support development of products which are organic in nature. In this endeavour, the Bank facilitated a product development workshop with the Centre of Technology & Entrepreneurship Development towards skilling and training of amla (gooseberry) growers and producers, for 10 days, involving 30 participants, in Pratapgarh district, Uttar Pradesh.

During the year, the Bank supported a unique programme organised by the Looms of Ladakh Women’s Cooperative (LLWC) in Ladakh, based on the principles of ‘Guru Shishya Parampara’. The programme was targeted at the next generation of artisans with the objective of sustaining the ancient art of weaving pashmina wool, as also providing sustainable means of livelihood to families that are custodians of this art. Due to the Bank’s intervention, LLWC is in the process of getting a copyright patent for a motif pattern native to the Ladakh region, proposed to be named, ‘Ladakhi Pashmina Shawl’.

Events and Exhibitions

The Bank organised an interactive seminar with Women on Wings (WoW) on the theme “It is lonely at the top” for the top management of social enterprises. It provided a platform for CEOs to share their experiences and also be guided by the

~¢H$ Zo EpŠµO‘ ~mµOma Ho$ Zm‘ go hñV{eën Am¡a hWH$aKm CËnmXm| H$s Xmo {deof àXe©{Z`m| H$m ^r Am`moOZ {H$`m&

The Bank organised two handicraft and handloom exhibitions, called Exim Bazaar.


~¢H$ Zo gyaOHw§$S> A§Vaamï´>r` {eën ‘obm, H«$mâQ²g ~mµOma Am¡a EpŠµO‘ ~mµOma O¡gr àXe©{Z`m| ‘| ñd`§ ghm`Vm g‘yhm|, J¡a-gaH$mar g§JR>Zm| Am¡a gyú‘ Ed§ J«mgê$Q> H§$n{Z`m| Ho$ {bE ñQ>m°b àm¶mo{OV H$a CÝh| gh`moJ àXmZ {H$`m& EpŠµO‘ ~¢H$ Xoe^a go J«mgê$Q> CÚ‘m| Am¡a {eënH$mam| H$mo AnZr AZyR>r hñV{eën Am¡a hWH$aKm àXe©Zr "EpŠµO‘ ~mµOma' Ho$ ‘mÜ`‘ go gh`moJ àXmZ H$a ahm h¡& 31 ‘mM©, 2019 VH$ ~¢H$ Ûmam EpŠµO‘ ~mµOma Ho$ VrZ g§ñH$aUm| H$m Am`moOZ {H$`m Om MwH$m h¡& BZ‘| 25 go A{YH$ amÁ`m| Ho$ Hw$b 163 J«mgê$Q> à{V^m{J`m| Zo {hñgm {b`m Am¡a AnZo hñV{Z{‘©V CËnmXm| H$s àXe©Zr Am¡a {~H«$s H$s& BZ àXe©{Z`m| Ho$ Xm¡amZ {~Ho$ CËnmXm| ‘| H$í‘rar H$‹T>mB© Q>oŠgQ>mBëg, ní‘rZm, T>moH$am {eën, gm§Pr n|qQ>J, Q>oamH$moQ>m Am¡a ãb¡H$ nm°Q>ar dñVwE§, MoÝZmnQ>Zm pIbm¡Zo, {‘{ZEMa, ’$‹S> Am¡a {nN>dmB© n|qQ>J, EßbrH$ Am¡a H$‹T>mB© {H$E hþE Q>oŠgQ>mBëg Am¡a Jma‘|Q>, OyQ> Ho$ ~¡J Am¡a MQ>mB©, n§Om~r OyVr, dma§Jb H$mbrZ, BH$V Q>oŠgQ>mBb, Am°J}{ZH$ ehX, boXa H$s H$R>nwVbr, n¡am| Am¡a ‘w§h go ~Zr n|qQ>J, bH$‹S>r H$s H$Q>bar, n¡R>Ur gm‹S>r, Kmg go ~wZr Q>moH$[a`m§, goam{‘H$ nm°Q>ar, ‘Yw~Zr Am¡a nÅ>{MÌ n|qQ>J Am{X em{‘b aht& BZ àXe©{Z`m| ‘| Hw$b {‘bmH$a 10,000 go A{YH$ bmoJ AmE&

gh`moJ àmá CËnmX lo{U`m§

df© Ho$ Xm¡amZ, ~¢H$ Zo hWH$aKm Am¡a hñV{eën CËnmXm| H$s H$B© {H$ñ‘m| Ho$ {bE gh`moJ àXmZ {H$`m& ~¢H$ Zo Cn`w©³V nhbm| Ho$ ‘mÜ`‘ go Hw$b 22 CËnmX lo{U`m| ‘| gh`moJ àXmZ {H$`m, {OZgo {eënH$mam| H$mo AnZo {d{^ÝZ CËnmXm| Ho$ {bE WmoH$ ‘| Am°S>©a hm{gb H$aZo ‘| ‘XX {‘br& ^maVr` H§$n{Z`m| H$mo {dXoem| ‘| {Z`m©V Adgam| H$s OmZH$mar ^r Xr JB©& ~¢H$ H$s do~gmBQ> Am¡a EpŠµO‘ {‘Ì nmoQ>©b na Xr JB© OmZH$mar Ho$ O[aE ^r H$B© AÝ` H§$n{Z`m| H$mo AnZo CËnmX Am¡a godmE§ d¡pídH$ nQ>b na nhþ§MmZo ‘| ‘XX {‘br h¡&

EpŠµO‘ {‘Ì

EpŠµO‘ ~¢H$ ^maV Ho$ {dXoe ì`mnma Am¡a {Zdoe H$mo ~‹T>mdm XoZo ‘| EH$ CËàoaH$ Am¡a à‘wI g§ñWmZ Ho$ ê$n ‘| H$m‘ H$a ahm h¡& EpŠµO‘ {‘Ì ì`mnma {dÎm H$s CnbãYVm VWm F$U ~r‘m gw{dYmAm| Ho$ {bE gyMZmAm| H$s H$‘r H$mo Xya H$aZo H$m EH$ à`mg h¡& Bg nmoQ>©b H$m bú` {Z`m©VH$m| Ho$ {bE F$U H$s CnbãYVm Am¡a ì`mnma g§~§Yr OmZH$m[a`m§ àXmZ H$aZo Ho$ Xmohao CÔoí` H$mo nyam H$aZm h¡& BZ‘| AÝ` Ho$ gmW-gmW {d{^ÝZ CËnmXm| H$s ‘m§J Am¡a CZHo$ ~mOmam|;

experiences of three Dutch experts from WoW. The audience included business partners of WoW as also grassroots enterprises.

The Bank offered assistance to self-help groups, non-governmental organisations, and micro and grassroots companies by sponsoring stall spaces for them at exhibitions such as Surajkund International Crafts Mela, Crafts Bazaar and Exim Bazaar. Exim Bank has been supporting grassroots enterprises and craftsmen across India through an exclusive handicraft and handloom exhibition, Exim Bazaar. Three editions of Exim Bazaars have been organised by the Bank till March 31, 2019. An aggregate of 163 grassroot participants have showcased and sold handmade products, representing more than 25 states. The products sold during the exhibitions include Kashmiri embroidery textiles, Pashmina wool, Dhokra crafts, Sanjhi painting, Terracotta & black pottery items, Chennapatna toys, miniature, Phad & Pichwai paintings, appliqued & embroidered textiles & garments, jute bags & mats, Punjabi jutti (footwear), Warangal carpets, Ikat textiles, organic honey, leather puppetry, Foot and Mouth painting, wooden cutlery, Paithani sarees, grass woven baskets, ceramic pottery, Madhubani and Pattachitra paintings, etc. The events have cumulatively attracted more than 10,000 visitors.

Product categories supported

During the year, the Bank supported a wide variety of handloom and handicraft products. A total of 22 product categories were supported through the initiatives mentioned above, which facilitated bulk orders for various products. Indian companies were also informed of export opportunities overseas. Many other companies and their products and services also reached out globally through the information displayed on the Bank’s website and on the Exim Mitra portal.

Exim Mitra

Exim Bank has been both a catalyst and a key player in the promotion of cross border trade and investment. Exim Mitra is an

endeavour to supplement the ongoing efforts


4646 dm{f©H$ [anmoQ>© 2018-19

towards reducing the information gap in availability

of trade finance and credit insurance facilities. The

portal aims to make a concerted effort towards

fulfilling the twin objectives of providing information

on credit and insurance availability for exports and

delivering trade related information. This, inter alia,

includes assessment of demand across products

and markets; information pertaining to market

standards, sanitary / phytosanitary requirements,

and other rules and regulations in key markets like

the US and the EU; government incentives across

various sectors; relevant contact information

for handholding agencies; cost and duration of

shipments from across the globe, and country

ratings.

The Bank works closely with commercial banks and

credit insurance agencies to provide information

and guidance to exporters. The Bank has partnered

with 17 banks / financial institutions for facilitating

financial services through the portal. Prospective

exporters can fill and submit an online form on the

portal, which captures preliminary data pertaining

to loan applications. These details are then shared

with participating banks. The portal therefore acts

as a much needed intermediary between suppliers

and users of trade finance.

Exim Bank recognises that the full potential of

knowledge dissemination can be fructified only

through a two-way exchange of information. To

facilitate this, the portal has an interactive platform

which allows the Bank to better understand the

needs of the exporters and address their queries.

The portal contributes towards the objective of

financial inclusion by providing preliminary help

to a number of exporters and importers in the

form of access to an array of crucial trade related

information on a single platform.

~mOma ‘mZH$m|; yEgE Am¡a yamonr` g§K O¡go à‘wI ~mOmam| ‘| g¡{ZQ>ar / ’$mBQ>mog¡{ZQ>ar AnojmAm|; {d{^ÝZ joÌm| ‘| gaH$mar àmoËgmhZm|; h¢S>hmopëS§>J EO|{g`m| Ho$ {bE g§nH©$ gyÌm|; Xw{Z`m^a go {en‘|Q> H$s bmJV Am¡a Cg‘| bJZo dmbo g‘` H$s OmZH$mar Am¡a Xoe aoqQ>J H$s OmZH$m[a`m§ àXmZ H$aZm em{‘b h¢&

EpŠµO‘ ~¢H$ Zo ‘m°[aQ>m{Z`m Am¡a goZoJb ‘| ~rgr-EZB©AmB©E Ho$ A§VJ©V {dÎmnmo{fV Q´>m§g{‘eZ bmBZ n[a`moOZmAm| H$mo gh`moJ àXmZ {H$`m& Exim Bank supported transmission lines projects in Mauritania and Senegal financed under BC-NEIA.

~¢H$ {Z`m©VH$m| H$mo ì`mnma {dÎm H$s OmZH$mar Am¡a ‘mJ© {ZX}eZ gwb^ H$amZo Ho$ {bE dm{UpÁ`H$ ~¢H$m| Am¡a F$U ~r‘m EO|{g`m| Ho$ gmW {‘bH$a H$m‘ H$aVm h¡& ~¢H$ Zo Bg nmoQ>©b Ho$ O[aE {dÎmr` godmE§ gwJ‘ ~ZmZo Ho$ {bE 17 ~¢H$m| / {dÎmr` g§ñWmAm| Ho$ gmW gmPoXmar H$s h¡& ^mdr {Z`m©VH$ Bg nmoQ>©b na Am°ZbmBZ ’$m°‘© ^aH$a àñVwV H$a gH$Vo h¢& `h F$U AmdoXZm| go g§~§{YV àmW{‘H$ S>mQ>m H¡$ßMa H$aVm h¡& `h {ddaU à{V^mJr ~¢H$m| go gmPm {H$`m OmVm h¡& Bg àH$ma `h nmoQ>©b ì`mnma {dÎm Cn`mo³VmAm| Am¡a Amny{V©H$Vm©Am| Ho$ ~rM EH$ ‘Ü`ñW H$s ^y{‘H$m {Z^mVm h¡&

EpŠµO‘ ~¢H$ OmZH$m[a`m| Ho$ nyU© àgma Ho$ {bE gyMZm Ho$ nmañn[aH$ AmXmZ-àXmZ Ho$ ‘hÎd H$mo g‘PVm h¡& gyMZmAm| Ho$ Bg AmXmZ-àXmZ H$mo gwJ‘ ~ZmZo Ho$ {bE ¶h nmoQ>©b EH$ B§Q>a¡pŠQ>d ßboQ>’$m°‘© H$m H$m‘ H$aVm h¡, Omo ~¢H$ H$mo {Z`m©VH$m| H$s Oê$aVm| H$mo ~ohVa VarHo$ go g‘PZo Am¡a CÝh| nyam H$aZo ‘| ‘XX H$aVm h¡& ¶h nmoQ>©b Eogo {Z`m©VH$m| Am¡a Am`mVH$m| H$mo àmW{‘H$ gh`moJ àXmZ H$aVm h¡, {OZHo$ nmg ì`mnma g§~§Yr ‘hÎdnyU© gyMZmE§ Zht nhþ§M nmVr h¢ Am¡a Bg Vah ¶h {dÎmr` g‘mdoeZ ‘| ^r gh`moJ H$aVm h¡&


4848 dm{f©H$ [anmoQ>© 2018-19

emoY Ed§ {díboofU

~¢H$ A§Vaamï´>r` AW©emñÌ, ì`mnma Am¡a {Zdoe Ho$ {d{^ÝZ nhbwAm| na ¹$m{bQ>o{Q>d Am¡a ¹$m§{Q>Q>o{Q>d emoY VH$ZrH$m| Ho$ O[aE ì¶mnH$ emoY AÜ``Z àH$m{eV H$aVm h¡& `o emoY AÜ``Z ‘moQ>o Vm¡a na joÌr`, CÚmoJ I§S> Am¡a Zr{V g§~§Yr lo{U`m| Ho$ A§VJ©V {H$E OmVo h¢ Am¡a BÝh| àmg§{JH$ AmboIm| VWm H$m`©H$mar AmboIm|, nwñVH$m| Am{X Ho$ ê$n ‘| àH$m{eV {H$`m OmVm h¡& df© Ho$ Xm¡amZ, CÝZrg emoY AÜ``Z àH$m{eV {H$E JE, Omo {ZåZ{bpIV h¢:

1. ^maVr` hWH$aKm CÚmoJ… j‘VmE§ Am¡a g§^mdZmE§

2. Q>o{ŠZH$b Q>oŠgQ>mBëg Ho$ {Z`m©Vm| H$mo ~‹T>mZm

3. ^maVr` n`©Q>Z CÚmoJ… {dH$mg H$mo ~‹T>mZo Ho$ {bE Adgam| H$s Vbme

4. ^maV Ho$ godm ì`mnma H$m CXmarH$aU Am¡a {Z`m©V g§dY©Z

5. grEbE‘dr Xoem| Ho$ ñdmñÏ` godm joÌ ‘| ^maVr` ì`dgm` ~‹T>mZm

6. EŠQ> B©ñQ>… ~m§½bmXoe Am¡a å`m§‘ma Ho$ gmW gr‘mB© ì`mnma ~‹T>mZm

7. ê$g Ho$ gmW ^maV Ho$ ì`mnma g§~§Y… hm{b`m éPmZ Am¡a g§^mdZmE§

8. ^maV-b¡H$ ì`mnma… hm{b`m éPmZ Am¡a MwqZXm Xoem| ‘| Adga

9. n{ü‘ A’«$sH$m ‘| ^maVr` {Zdoe… hm{b`m éPmZ Am¡a g§^mdZmE§

10. ^maV-g¡S>oH$ ì`mnma Am¡a {Zdoe g§~§Y… g§^mdZmAm| H$mo ^wZmZm

Research and Analysis

The Bank offers a range of research insights on aspects of international economics, trade and investments through qualitative and quantitative research techniques. The research work carried out under the broad classification of regional, sectoral and policy related studies, are published in the form of Occasional Papers, Working Papers, Books, etc. Nineteen research studies were published during the year. These include the following:

1. Indian Handloom Industry: Potential and

Prospects

2. Enhancing Exports of Technical Textiles

3. Indian Tourism Industry: Exploring Opportunities

For Enhancing Growth

4. India’s Services Trade Liberalisation and Export

Promotion

5. Enhancing India’s Engagement in Healthcare

Sector of CLMV Countries

6. Act East: Enhancing India's Trade with

Bangladesh and Myanmar Across Border

7. India's Trade Relations with Russia: Recent

Trends and Potential

8. India-LAC Trade: Recent Trends and Opportunities

in Select Countries

9. Indian Investments in West Africa: Recent

Trends and Prospects 10. India-SADC Trade and Investment Relations:

Harnessing the Potential

ZB© {Xëbr ‘| Am`mo{OV ^maV-A’«$sH$m n[a`moOZm ^mJrXmar na 14d| grAmB©AmB©-EpŠµO‘ ~¢H$ gå‘obZ Ho$ Xm¡amZ VËH$mbrZ ‘mZZr` dm{UÁ` Ed§ CÚmoJ ‘§Ìr lr gwaoe à^w Ûmam EpŠµO‘ ~¢H$ Ho$ "^maV-g¡S>oH$ ì`mnma Am¡a {Zdoe g§~§Y… g§^mdZmAm| H$mo wZmZm' erf©H$ dmbo àH$meZ H$m {d‘moMZ {H$`m J`m&Exim Bank’s publication “India-SADC Trade and Investment Relations: Harnessing the Potential” was released by the then Hon’ble Minister of Commerce and Industry, Shri Suresh Prabhu at the14th CII-Exim Bank Conclave on India and Africa Project Partnership held at New Delhi.

~¢H$ Ûmam H$mo{ÀM, Ho$ab ‘| Am`mo{OV go{‘Zma Ho$ Xm¡amZ "^maVr` n`©Q>Z CÚmoJ… {dH$mg H$mo ~‹T>mZo Ho$ {bE Adgam| H$s Vbme' erf©H$ dmbo ~¢H$ Ho$ àH$meZ H$m {d‘moMZ {H$`m J`m&

Exim Bank’s publication on “Indian Tourism Industry: Exploring Opportunities for Enhancing Growth” was released during a seminar conducted by the Bank at Kochi, Kerala.


11. X{jU-X{jU gh`moJ H$mo ~‹T>mZm… A’«$sH$m Am¡a ^maV Ho$ ~rM ì`mnma Ed§ {Zdoe H$m {díbofU

12. {d{Z‘` Xa ‘| CVma-M‹T>md Am¡a ^maV go `yEgE d B©`y H$mo {Z`m©Vm| na Aga… ‘yë¶m§H$Z

13. A§Vaamï´>r` ì`mnma, H$ë`mU Am¡a Ag‘mZVm na AmboI

14. ^maVr` ì`mnma Zr{V na AmboI

15. ^maVr` {Z`m©Vm| Ho$ {bE J¡a-Q>¡[a’$ Cnm`m| na emoY AÜ``Z

16. ^maV Ho$ {Z`m©Vm| ‘| ‘§Xr Am¡a {dH$mg H$s g§^mdZmAm| H$s {díbofUmË‘H$ n‹S>Vmb

17. ‘Ü` àXoe Ho$ {bE {Z`m©V aUZr{V

18. n§Om~ Ho$ {bE {Z`m©V aUZr{V… éPmZ, Adga Am¡a Zr{V`m§

19. {~hma go {Z`m©Vm| H$m g§dY©Z… {díbofU Am¡a Zr{VJV n[aàoú`

gyMZm Am¡a gbmhH$mar godmE§

~¢H$ H$B© àH$ma H$s gyMZm, gbmhH$mar Am¡a ghm`Vm godmE§ àXmZ H$aVm h¡& `o godmE§ Ohm§ ~¢H$ Ho$ {dÎmnmofU H$m`©H«$‘m| H$s nyaH$ h¢, dht nm°{bgr ~¢H$ Ho$ ê$n ‘| ~¢H$ H$s ^y{‘H$m H$mo ^r aoIm§{H$V H$aVr h¢& ¶o godmE§ ~¢H$ Ho$ {hVYmaH$m| H$mo àXmZ H$s OmVr h¢, {OZ‘| amÁ` gaH$ma|, ^maVr` gmd©O{ZH$ Am¡a {ZOr joÌ VWm {dXoer g§ñWmE§ em{‘b h¢& BZ godmAm| ‘| amÁ` gaH$mam| Ho$ {bE Zr{VJV gwPmd Am¡a emoY AÜ``Z H$aZm, ~mOma g§~§Yr gyMZmE§ àXmZ H$aZm, joÌ Am¡a ì`dhm`©Vm AÜ``Z H$aZm, àm¡Úmo{JH$s Amny{V©H$Vm©Am| H$mo {M{•V H$aZm, gmPoXma VbmeZm, j‘Vm {Z‘m©U, {Zdoe gwJ‘rH$aU VWm maV Am¡a {dXoe ‘| g§`w³V CÚ‘m| H$m {dH$mg em{‘b h¡&

^maV Ho$ A§Vaamï´>r` ì`mnma Am¡a {Zdoe Ho$ {dÎmnmofU ‘| ~¢H$ Ho$ VrZ XeH$m| Ho$ ì`mnH$ AZw^d Am¡a d¡pídH$ ñVa na nam‘eu H$m`m] H$mo CËH¥$ï>Vm Ho$ gmW nyam H$aZo Ho$ Q´>¡H$ [aH$m°S>© H$mo Ü`mZ ‘| aIVo hþE gD$Xr Aa~ Zo AnZo ZdJ{R>V "gD$Xr EpŠµO‘ ~¢H$' Ho$ {bE {dÎmnmofU H$m`©H«$‘ {S>OmBZ H$aZo H$m H$m`© ~¢H$ H$mo gm¢nm h¡& df© Ho$ Xm¡amZ, ~¢H$ Zo KmZm {Z`m©V-Am`mV ~¢H$ (KmZm EpŠµO‘ ~¢H$) Ho$ {bE {d{^ÝZ n[aMmbZ joÌm| ‘| VH$ZrH$s gh`moJ àXmZ H$aZo g§~§Yr H$m`© nyam {H$`m& ^maVr` EpŠµO‘ ~¢H$ Zo KmZm EpŠµO‘ ~¢H$ Ho$ A{YH$m[a¶m| Ho$ {bE KmZm ‘| 21 {Xdgr` à{ejU H$m`©H«$‘ H$m ^r Am`moOZ {H$`m Am¡a KmZm EpŠµO‘ ~¢H$ Ho$ erf© à~§YZ Ho$ {bE ‘w§~B© ‘| H$m¡eb {dH$mg H$m`©H«$‘ Am`mo{OV {H$`m&

11. Deepening South-South Collaboration: An Analysis of Africa and India’s Trade and Investment

12. Exchange Rate Dynamics and its Impact on India's Exports to USA and EU: An Assessment

13. Essays on International Trade, Welfare and Inequality

14. Essays in Indian Trade Policy

15. A Study on Non-Tariff Measures on Indian Exports

16. Analytical Enquiry into Inertia in India’s Exports and Growth Prospects

17. Export Strategy for Madhya Pradesh

18. Export Strategy for Punjab: Trends, Opportunities, and Policy Insight

19. Promoting Exports from Bihar: Insights and Policy Perspectives

Information and Advisory Services

The Bank provides a wide range of information, advisory and support services, which complements its financing programmes while also underlining its role as a policy Bank. These services are provided to the Bank’s stakeholders including state governments, Indian public and private sector and overseas entities. The scope of services include policy inputs and papers for the state governments, market-related information, sector and feasibility studies, technology supplier identification, partner search, capacity building exercises, investment

facilitation and development of joint ventures, both

in India and abroad.

Given the Bank’s vast experience of over three

decades in financing India’s international trade and

investment and its distinguished track record in

undertaking consultancy assignments on the global

platform, the Kingdom of Saudi Arabia (KSA) has

given the Bank a mandate to tailor the financing

programmes for the newly set up Saudi EXIM Bank.

During the year, the Bank concluded an assignment


5050 dm{f©H$ [anmoQ>© 2018-19

{dXoem| ‘| ~hþnjr` {Z{YH$ n[a`moOZmE§

~¢H$ AnZr gyMZm Am¡a gh`moJ godmAm| Ho$ O[aE ^maVr` H§$n{Z`m| H$mo {díd ~¢H$, E{e`mB© {dH$mg ~¢H$ (ES>r~r), A’«$sH$s {dH$mg ~¢H$ (EE’$S>r~r) Am¡a `yamo{n`Z ~¢H$ ’$m°a [aH§$ñQ´ ŠeZ E§S> S>odbn‘|Q> (B©~rAmaS>r) Ûmam {Z{YH$ n[a`moOZmAm| ‘| ì`dgm` àmá H$aZo ‘| ‘XX H$aVm h¡& Eogr ~hþnjr` EO|{g`m| Ûmam {Z{Y àmßV n[a`moOZmE§ ^maVr` Amny{V©H$Vm©Am|, H$m°ÝQ´¡ŠQ>am| Am¡a nam‘e©XmVmAm| Ho$ {bE H$mamo~ma Ho$ AÀN>o Adga àXmZ H$aVr h¢&

EpŠµO‘ ~¢H$ Zo ES>r~r Ho$ gmW {‘bH$a Aà¡b Am¡a Zd§~a 2018 ‘| H«$‘e… H$mobH$mVm Am¡a ~|Jbyé ‘| Xmo MMm©naH$ go{‘Zmam| H$m Am`moOZ {H$`m&

EpŠµO‘ ~¢H$ Zo {díd ~¢H$ Ûmam {Z{YH$ n[a`moOZmAm| ‘| ~mobr bJmZo Ho$ Adgam| ‘| ^maVr` H§$n{Z`m| Ûmam à^mdr à{V^m{JVm H$amZo Ho$ {bE {díd ~¢H$ g‘yh Ho$ gmW {‘bH$a ^r Eogo hr H$m`©H«$‘ H$m Am`moOZ {H$`m& BgHo$ {bE ~¢H$ Zo {díd ~¢H$ g‘yh Ho$ gmW {‘bH$a "{dXoer ghm`Vm àmá n[a`moOZmAm| ‘| ì`dgm` Adga' {df` na ZB© {Xëbr ‘| EH$ MMm©naH$ H$m`©embm H$m Am`moOZ {H$`m, {Og‘| {d{^ÝZ joÌm| Ho$ ^maVr` n[a`moOZm {Z`m©VH$m| Zo {hñgm {b`m&

EpŠµO{‘Ag {ejU H|$Ð

~¢H$ Ho$ EpŠµO{‘Ag {ejU H|$Ð (B©grEb) Ûmam ^maVr¶ {Z¶m©VH$mo§ Am¡a Am¶mVH$m| Ho$ {bE {d{^ÝZ H$m`©H«$‘m|, go{‘Zmam| Am¡a H$m`©embmAm| H$m Am`moOZ {H$`m OmVm h¡& BZ H$m`©H«$‘m| Ho$ Am`moOZ H$m CÔoí` ^maV Ho$ A§Vaamï´>r` ì`mnma Am¡a {Zdoe Ho$ ~mao ‘| ^maVr` {Z`m©VH$m| Am¡a Am`mVH$m| H$s OmJê$H$Vm ~‹T>mZm h¡& `o go{‘Zma Am¡a

for the Ghana Export-Import Bank (GEXIM) for

providing technical assistance across its various

operational areas. Exim Bank of India also delivered

a 21-day training programme for GEXIM officials

in Ghana, and organised a skill enhancement

programme for the top management of GEXIM

in Mumbai.

Multilateral Funded Projects Overseas

The Bank provides a package of information and

support services to Indian companies to help

improve their prospects for securing business

in projects funded by the World Bank, Asian

Development Bank (ADB), African Development

Bank (AfDB) and European Bank for Reconstruction

and Development (EBRD). Projects funded by such

multilateral funding agencies present attractive

business opportunities for Indian suppliers,

contractors and consultants.

Exim Bank in partnership with ADB, organised two

interactive seminars on international business

opportunities in Kolkata and Bengaluru in April and

November 2018, respectively.

A similar exercise was steered by Exim Bank with the World Bank Group for increasing effective participation of Indian companies in bidding opportunities under its funded projects. Towards this end, the Bank, in association with the World Bank Group, organised an interactive workshop

EpŠµO‘ ~¢H$ Zo KmZm {Z¶m©V-Am¶mV ~¢H$ H$mo {d{^ÝZ n[aMmbZ joÌm| ‘| VH$ZrH$s ghm`Vm àXmZ H$s& Exim Bank provided technical assistance across various operational areas to Ghana Export-Import Bank.


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Ho$ ^maV pñWV {‘eZm| Ho$ à{V{Z{Y`m| Zo ^r {hñgm {b`m&

B©grEb Zo {Z`m©Vm| H$mo ~‹T>mdm XoZo Ho$ CÔoí` go Xoe^a

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{‘bH$a {d{^ÝZ H$m`©H«$‘m| H$m Am`moOZ {H$`m& ^maVr`

{Z`m©VH$ g§JR>Z g§K ({’$Amo) Ho$ gmW {‘bH$a "{Z`m©V

j‘VmE§ Am¡a CÚ{‘Vm' {df` na B©grEb Zo Omb§Ya,

titled 'Business Opportunities in Externally Aided Projects' in New Delhi, which was attended by Indian project exporters from various sectors.

Eximius Centre for Learning

The Eximius Centre for Learning (ECL) is responsible for conducting training programmes, seminars and workshops for Indian exporters and importers to enhance their awareness about India’s international trade and investment. Seminars and conferences are organised on topics of contemporary interest with speakers from trade promotion agencies, chambers of commerce, central and state governments, customs, commercial banks and other financial institutions.

During the financial year, ECL conducted 36 seminars for exporters, with themes broadly classified into export capability creation, industry, country and region focus, and export potential of Indian states.

ECL organised a number of programmes during the year to promote project exports from India. The Bank partnered with the Ministry of External Affairs (MEA), Government of India (GOI) to organise interactive sessions for Indian exporters in Kolkata, Hyderabad and Chennai, on upcoming project opportunities under the Lines of Credit. Business outreach programmes were held in New Delhi and Chennai, in association with Ministry of External Affairs and International Solar Alliance, specifically covering solar energy projects under the GOI’s Lines of Credit. A stakeholders’ seminar on project exports was organised in Pune.

ECL organised a seminar on trade and investment

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Exim Bank along with the Ministry of Commerce and Industry, Government of India, jointly organized interactive sessions with ambassadors of countries in Africa, Latin America and Caribbean region, Europe and Oceania, to discuss the scope for strengthening economic cooperation.


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opportunities in the LAC region, in Mumbai. The seminar saw participation from representatives of Indian companies interested in doing business in the region, as well as representatives from the foreign missions of LAC nations based in India.

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Exim Bank partnered with the World Bank and the Asian Development Bank to organise interactive workshops on ‘Business Opportunities in Externally Aided Projects’ at New Delhi, Kolkata and Bengaluru.

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The CII-Exim Bank Award for Business Excellence for 2018 was presented to Bharat Electronics Ltd.

ECL partnered with various trade bodies and chambers of commerce across India to organise events aimed at promoting exports. In association with the Federation of Indian Export Organisations, ECL held five seminars in Jalandhar, Jaipur, Faridabad, Kochi and Ludhiana, on export potential and entrepreneurship. The Bank partnered with the Indo-Global SME Chamber and Associated Chambers of Commerce and Industry of Uttar Pradesh to conduct state focussed seminars in Indore and Greater Noida, respectively. A series of five seminars was conducted in association with the World Trade Centre, Mumbai, covering opportunities for MSMEs in export markets, at Nashik, Ahmednagar, Kolhapur, Ichalkaranji and Nagpur. National Conferences on the Role of Trade Finance for Inclusive Growth were held in Kolkata, Ahmedabad and New Delhi, in partnership with the Associated Chambers of Commerce & Industry of India.

In partnership with the Confederation of Indian Industry, ECL organised an Export Clinic at Coimbatore, MSME Summit at Panipat and a conference on the Global Trade Scenario in Mumbai. The Bank also engaged with the Indian Chamber of Commerce for organising a seminar on Modified Exim Policy and the 5th Act East Business Show at Kolkata and Shillong, respectively. Exim Bank and

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the SME Chamber of India jointly organised two SME Manufacturers and Exporters Summits in Pune and Mumbai. Along with the IMC Chamber of Commerce and Industry, ECL organised a session on ‘How to Enhance Exports’ at Surat.

INSTITUTIONAL LINKAGES

The Bank has fostered a network of alliances and institutional linkages with multilateral agencies, export credit agencies, banks and financial institutions, trade promotion bodies and investment promotion boards to help create an enabling environment for supporting trade and investment.

BRICS Interbank Co-operation Mechanism

Exim Bank is the nominated member development bank from India under the BRICS Interbank Co-operation Mechanism. The Bank entered into a multilateral co-operation agreement on Collaborative Research on Distributed Ledger and Block Chain Technology in the Context of the

Development of the Digital Economy, with the

development banks of the BRICS nations. The Bank participated in the Annual Meeting and the Financial Forum of the BRICS Interbank Co-operation Mechanism and associated meetings held in Cape Town and Johannesburg, South Africa during July 25-26, 2018.

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Exim Bank participated in the 24th Annual Meeting of the Asian Exim Banks Forum held at Phuket, Thailand.


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EpŠµO‘ ~¢H$m| VWm {dH$mg {dÎm g§ñWmAm| Ho$ d¡[ídH$ ZoQ>dH©$ (Or-ZopŠgS>) H$s ñWmnZm EpŠµO‘ ~¢H$ H$s nhb na g§`wº$ amï´> ì`mnma Ed§ {dH$mg gå‘obZ (A§H$Q>mS>) Ho$ VËdmdYmZ ‘| ‘mM© 2006 ‘| OoZodm ‘| H$s JB© Wr& Bg ZoQ>dH©$ Zo {d{^ÝZ {dH$mgerb Xoem| Ho$ EpŠµO‘ ~¢H$m|

Asian Exim Banks Forum

The 24th annual meeting of the Asian Exim Banks

Forum (AEBF) was hosted by the Export-Import

Bank of Thailand (Thai Exim) at Phuket, Thailand

in November, 2018. The theme of the meeting was

“Industry 4.0 - Roles and Challenges for Asian

Export Credit Agencies.” The meeting was chaired

by Thai Exim and had representatives at the highest

level from member institutions, viz., Australia, China,

India, Indonesia, Japan, Korea, Malaysia, Philippines,

Thailand, Turkey and Vietnam. The meeting saw the

participation of ADB, as a permanent invitee, as well

as observer institutions (Russian Export Center and

Export Development Canada) who were invited by

the Chair. A new website for AEBF, developed in-

house by Exim Bank of India was launched during

the Annual Meeting.

In 1996, Exim Bank took the initiative of forming

the AEBF with the objective of enhancing economic

co-operation and forging stronger linkages

among its member institutions. The Forum

also provides a good platform for knowledge

sharing by way of training programmes and staff

exchange programmes that have helped the

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The 34th Commencement Day Lecture was delivered by Prof. Abhijit Banerjee, Ford Foundation International Professor of Economics, Massachusetts Institute of Technology.


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B©E’$Š`yE‘ ‘m°S>b na àXmZ {H$`m OmVm h¡& 2018 ‘| 31

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Ûmam àepñV ^r {‘br&

staff of the member institutions learn the best practices in areas as diverse as project financing, capital markets, ship financing, SME financing, commodity financing, country risk, cross border investment, etc.

Global Network of Exim Banks and Development Finance Institutions

The Global Network of Exim Banks and Development

Finance Institutions (G-NEXID) was set up in Geneva

in March 2006 through the Bank’s initiative, under

the auspices of United Nations Conference on

Trade and Development. With the active support of

a number of other Exim Banks and Development

Finance Institutions from various developing

countries, the network has endeavoured to foster

enhanced South-South trade and investment

and co-operation. The Network held its Steering

Committee Meeting in Geneva in July 2018, which

was followed by the Annual General Meeting and

the 3rd Exchange Programme hosted by Indonesia

Eximbank in Jakarta in October 2018.

Award for Business Excellence

Exim Bank and Confederation of Indian Industry (CII) joined hands in 1994, to promote excellence among Indian companies through the ‘CII-Exim Bank Award for Business Excellence’ for best Total Quality Management (TQM) practices adopted by an Indian company. The annual award

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nwañH$ma Ho$ A§VJ©V ` 350,000 H$s am{e VWm àepñV nÌ

àXmZ {H$`m OmVm h¡& df© 2017 H$s {dOoVm S>m°. A‘¥Vm gmhm

aht& CÝh| ""^maVr` ì`mnma Zr{V na AmboI'' erf©H$

dmbr CZH$s S>m°ŠQ>moab Wr{gg Ho$ {bE `h nwañH$ma {‘bm&

S>m°. gmhm Zo `yHo$ H$s `y{Zd{g©Q>r Am°’$ ggoŠg go 2016 ‘|

{S>J«r hm{gb H$s Wr&

is based on the European Foundation for Quality Management (EFQM) model and is a prestigious industry recognition given to a company after being assessed by panels of trained assessors through a transparent and rigorous methodology. In 2018, there were 31 companies which received varying levels of recognition. Bharat Electronics Limited – Bengaluru Unit (BEL-BU), and the Appliances Division of Godrej & Boyce Manufacturing. Co. Ltd., won the CII-Exim Bank Award for Business Excellence for the year 2018; BEL-BU has also received the Jury’s Commendation for being a Role Model Organisation.

International Economic Research Annual Award

The International Economic Research Annual Award was instituted by the Bank in 1989. The objective of the award is to promote research in international economics, trade, development and related financing, by Indian nationals at universities and academic institutions in India and abroad. The award consists of a sum of 350,000 and a citation. The winner for the year 2017 was Dr. Amrita Saha, for her doctoral thesis titled “Essays in Indian Trade Policy”. Dr. Saha received her degree in 2016 from the University of Sussex, UK.

Exim Bank of India BRICS Economic Research Award

During India’s Presidency under the BRICS Interbank Co-operation Mechanism in 2016, the Bank had instituted the Exim Bank of India BRICS

~¢H$ Zo {‘ò ‘| 50 ‘oJmdmQ> Ho$ ’$moQ>modmopëQ>H$ gm¡a {dÚwV CËnmXZ n[a`moOZm H$mo ghm¶Vm Ho$ {bE Jma§{Q>`m§ àXmZ H$s¨&

The Bank extended guarantees to support a 50 MW photovoltaic solar electricity generating project in Egypt.

~¢H$ Zo H$moV {X'dma gaH$ma H$mo 500 ~gm|, 62 âbrQ> aIaImd gnmoQ>© dmhZm| Am¡a nwOm] VWm g§~§{YV godmAm| Ho$ ^maV go Am¶mV Ho$ {bE ~rgr-EZB©AmB©E àXmZ {H$¶m& The Bank extended BC-NEIA to the Government of Côte d’Ivoire for import of 500 buses, 62 fleet maintenance support vehicles, spare parts and related services from India.

^maVr` EpŠµO‘ ~¢H$ {~«Šg Am{W©H$ emoY nwañH$ma

^maV H$s AÜ`jVm Ho$ Xm¡amZ {~«Šg A§Va~¢H$ gh`moJ V§Ì 2016 Ho$ A§VJ©V ~¢H$ Zo "^maVr` EpŠµO‘ ~¢H$ {~«Šg

Am{W©H$ emoY nwañH$ma' H$s ñWmnZm H$s& Bg nwañH$ma

H$m CÔoí` {~«Šg gXñ` Xoem| Ho$ ZmJ[aH$m| Ûmam AW©emó

Am¡a g‘gm‘{`H$ ‘hÎd Ho$ g§~§{YV {df`m| na CÝZV emoY

H$mo ~‹T>mdm XoZm h¡& nwañH$ma ñdê$n EH$ àepñV nÌ Am¡a

` 1.5 {‘[b¶Z (bJ^J 22,000 `yEg S>m°ba) H$s gå‘mZ

am{e àXmZ H$s OmVr h¡& {~«Šg Ho$ nm§Mm| Xoem| Ho$ ZmJ[aH$,

{OÝh| S>m°ŠQ>moab Wr{gg Ho$ {bE S>m°ŠQ>aoQ> {S>J«r {‘b JB©

h¡ `m CZH$s Wr{gg H$mo {H$gr ^r amï´>r` ‘mÝ`Vm àmá

{díd{dÚmb¶ `m A§Vaamï´>r` ñVa na e¡j{UH$ g§ñWmZ Ûmam

S>m°ŠQ>aoQ> H$s {S>J«r àXmZ H$aZo hoVw ñdrH$ma H$a {b`m J`m

h¡, Bg nwañH$ma Ho$ {bE AmdoXZ H$a gH$Vo h¢& df© 2018 H$m

`h nwañH$ma S>m°. µOobr hr H$mo "A§Vaamï´>r` ì`mnma, H$ë`mU


S>m°. A‘¥Vm gmhm H$mo EpŠµO‘ ~¢H$ Ho$ A§Vaamï´>r` Am{W©H$ emoY dm{f©H$ nwañH$ma 2017 H$m {dOoVm Kmo{fV {H$`m J`m& CÝh| h nwañH$ma CZHo$ emoY à~§Y '^maVr` ì`mnma Zr{V na {Z~§Y' Ho$ {bE {X`m J`m&

Dr. Amrita Saha was declared the winner of Exim Bank’s International Economic Research Annual Award 2017 for her doctoral thesis titled Èssays in Indian Trade Policy'.

Economic Research Award, with the objective

to encourage advanced research on economics

and related topics of contemporary relevance

amongst nationals of the BRICS countries. The

award, comprising of a citation and prize money of

` 1.50 million (approximately US$ 22,000) is

sponsored by the Bank. The award is open to

nationals of any of the five member nations of

BRICS, whose doctoral thesis have been awarded

or accepted for award of a doctorate from any

nationally accredited university or academic

institution globally. The winner for the year 2018

was Dr. Zheli He, a chinese national, for her

doctoral thesis titled 'Essays on International Trade,

Welfare and Inequality'. She received her degree in

2017 from the Columbia University, USA.

Commencement Day Annual Lecture

Exim Bank’s Commencement Day Annual Lecture

series, instituted in 1986, has earned recognition

as an important event in contributing to the

debate and discussions on contemporary trade

and development issues impacting the global

economy. The lecture for the year 2018-19 was

delivered by Prof. Abhijit Banerjee, the Ford

Foundation International Professor of Economics,

Massachusetts Institute of Technology, Department

of Economics. Prof. Banerjee spoke on the topic

“Redesigning Social Policy.”

Am¡a Ag‘mZVm na AmboI' erf©H$ dmbr CZH$s S>m°ŠQ>moab

Wr{gg Ho$ {bE {X¶m J¶m& CÝhm|Zo `yEgE pñWV H$mob§{~`m

`y{Zd{g©Q>r go 2017 ‘| {S>J«r hm{gb H$s Wr&

EpŠµO‘ ~¢H$ H$m {~«³g Am{W©H$ emoY nwañH$ma 2018 S>m°. µOobr ho H$mo {X¶m J¶m& CÝh| `h nwañH$ma "A§Vaamï´>r` ì`mnma, H$ë`mU Am¡a Ag‘mZVm na AmboI' erf©H$ dmbr CZH$s S>m°ŠQ>moab Wr{gg Ho$ {bE {X¶m J¶m&

Dr. Zheli He was declared the winner of Exim Bank’s BRICS Economic Research Award 2018 for her doctoral thesis titled Èssays on International Trade, Welfare and Inequality'.

ñWmnZm {Xdg dm{f©H$ ì`m»`mZ

EpŠµO‘ ~¢H$ ñWmnZm {Xdg dm{f©H$ ì`m»`mZ ‘mbm H$s

ewéAmV 1986 ‘| H$s JB© Wr& Bg ì`m»`mZ ‘mbm H$mo

d¡{ídH$ AW©ì`dñWm na à^md S>mbZo dmbo g‘gm‘{`H$

ì`mnma Am¡a {dH$mg ‘wÔm| na {dMma-{d‘e© VWm MMm©

Ho$ EH$ ‘hÎdnyU© ‘§M Ho$ ê$n ‘| »`m{V àmá h¡& df©

2018-19 Ho$ {bE `h ì`m»`mZ ‘¡gmÀ`wgoQ²g B§ñQ>rQ>çyQ>

Am°’$ Q>oŠZmobm°Or Ho$ AW©emó {d^mJ ‘| AW©emó Ho$

’$moS>© ’$mC§S>oeZ B§Q>aZoeZb àmo’o$ga A{ÔrV ~ZOu Zo

{X`m& CZHo$ ì`m»`mZ H$m {df` ""gm‘m{OH$ Zr{V H$s

nwZa©MZm'' Wm&

{Z`m©V g§dY©Z Ho$ {bE amÁ`m| H$mo EpŠµO‘ ~¢H$ Ûmam

gh`moJ

amÁ` ñVa na {Z¶m©V g§dY©Z H$s Oê$aV H$mo Ü`mZ ‘| aIVo hþE Am¡a ^maV Ho$ A§Vaamï´>r` ì`mnma H$mo ~‹T>mZo Ho$ AnZo A{YXoe Ho$ AZwgma, EpŠµO‘ ~¢H$ {d{^ÝZ amÁ`m| go {Z`m©V {ZînmXZ Am¡a {Z`m©V H$s g§^mdZmAm| Ho$ ‘yë`m§H$Z Ho$ {bE {d{^ÝZ amÁ` gaH$mam| Ho$ gmW {‘bH$a H$m‘ H$aVm ahm h¡& BgHo$ gmW hr, ~¢H$ amÁ`m| H$s ì`mnma ñnYm©Ë‘H$Vm ~‹T>mZo Ho$ {bE aUZr{V`m§ ^r ~ZmVm ahm h¡&

~¢H$ {Z`m©Vm| Ho$ {bE amÁ`m| H$s V¡`mar Ho$ AZwgma CZH$s a¢qH$J Ho$ {bE EH$ B§S>oŠg V¡`ma H$aZo Ho$ {bE dm{UÁ` Ed§ CÚmoJ ‘§Ìmb`, ^maV gaH$ma Am¡a Zr{V Am`moJ Ho$ gmW {‘bH$a H$m‘ H$a ahm h¡& Bggo amÁ`m| Ho$ ~rM ñdñW


5858 dm{f©H$ [anmoQ>© 2018-19

Exim Bank’s Support to States for Promotion of Exports

In recognition of the need for export promotion at

the state level and in accordance with its mandate

of promoting India’s international trade, the Bank

has been engaging with different state governments

to evaluate the state-level export performance and

potential, and outline strategies for improving their

trade competitiveness.

The Bank is also working along with the Ministry of

Commerce, GOI and NITI Aayog for preparation of an

index to rank states on their readiness for exports,

which would encourage a healthy competition

among states. The index will rank states on key

parameters, including their policies, ease of doing

business, infrastructure, access to finance, and

output, amongst others which will assess the overall

export market and exports from each state.

Exim Bank - UNDP Co-operation in the North East Region

Exim Bank and the United Nations Development

Programme (UNDP) have joined hands for "Capacity

Building of MSMEs in North East India for Export

Competitiveness." The initiative aims at creating

stronger MSMEs in the North East region to

boost exports, generate employment and provide

livelihood opportunities, especially for the youth

and women. The key strategies include taking

advantage of the emerging opportunities under

the Government of India's 'Act East Policy' that

recognises the potential of the region in terms of

natural resources, hydropower and close proximity

to East Asian countries, among others.

The key activities of the project include cluster-

based support to MSMEs in the North East region

for improving their export competitiveness. The

project initially focuses on the states of Assam and

Mizoram. During FY 2018-19, entrepreneurship

training was provided to 221 entrepreneurs and

members of Farmer Producer Organisation (FPO),

à{VñnYm© H$mo ~‹T>mdm {‘boJm& Bg B§S>oŠg ‘| amÁ`m| H$s a¢qH$J CZH$s Zr{V`m|, ì`dgm` gwJ‘Vm, ~w{Z`mXr T>m§Mo, {dÎm VH$ nhþ§M, CËnmXZ O¡go AÝ` à‘wI n¡am‘rQ>am| Ho$ AmYma na H$s OmEJr Am¡a Bggo g‘J« {Z`m©V ~mOma VWm

àË`oH$ amÁ` go {Z`m©Vm| H$m ‘yë`m§H$Z {H$`m OmEJm&

EpŠµO‘ ~¢H$ Zo ~harZ ‘| Eb ‘XrZm Eb em‘m{b`m grdoO Q´>rQ>‘|Q> ßbm§Q> Ho$ {ZînmXZ Ho$ {bE Jma§{Q>`m§ àXmZ H$s¨&

Exim Bank extended guarantees for execution of the Al Madina Al Shamaliya Sewage Treatment Plant in Bahrain.

nydm}Îma joÌ ‘| EpŠµO‘ ~¢H$ - `yEZS>rnr gh`moJ

""nydm}Îma ^maV ‘| {Z`m©V ñnYm©Ë‘H$Vm Ho$ {bE gyú‘, bKw

Am¡a ‘Ü`‘ CÚ‘m| ‘| j‘Vm {Z‘m©U'' Ho$ {bE EpŠµO‘ ~¢H$

Am¡a g§`w³V amï´> {dH$mg H$m`©H«$‘ (`yEZS>rnr) gmW AmE

h¢& Bg nhb H$m CÔoí` nydm}Îma go {Z`m©Vm| H$mo ~‹T>mdm XoZo,

amoOJma g¥OZ Am¡a wdmAm| VWm ‘{hbmAm| H$mo AmOr{dH$m Ho$

Adga àXmZ H$aZo Ho$ {bE gyú‘, bKw Am¡a ‘Ü`‘ CÚ‘m|

H$mo gwÑ‹T> ~ZmZm h¡& BgHo$ {bE à‘wI aUZr{V`m| ‘| ^maV

gaH$ma H$s "EŠQ> B©ñQ> Zr{V' Ho$ A§VJ©V C^aVo Adgam|

H$m bm^ CR>mZm em{‘b h¡& Bg Zr{V Ho$ A§VJ©V AÝ` Ho$

gmW-gmW àmH¥${VH$ g§gmYZm|, Ob{dÚwV, E{e`mB© Xoem§o go

ZOXrH$s O¡go ‘m‘bm| ‘| Bg joÌ ‘| {dÚ‘mZ g§^mdZmAm| H$mo

{M{•V {H$`m J`m h¡& Bg n[a`moOZm H$s à‘wI J{V{d{Y`m|

‘| nydm}Îma ^maV Ho$ gyú‘, bKw Am¡a ‘Ü`‘ CÚ‘m| H$s

ñnYm©Ë‘H$Vm ~‹T>mZo Ho$ {bE CÝh| ŠbñQ>a AmYm[aV gh`moJ

àXmZ H$aZm em{‘b h¡& Bg n[a`moOZm ‘| ewéAmVr MaU

‘| Ag‘ Am¡a {‘Omoa‘ na Ü`mZ H|${ÐV {H$`m J`m h¡&

{d{Îm¶ df© 2018-19 Ho$ Xm¡amZ, 221 CÚ{‘`m| Am¡a {H$gmZ

CËnmXH$ g§JR>Z (E’$nrAmo) Ho$ gXñ`m| H$mo CZH$s à~§YZ

`mo½`VmE§ Am¡a ì`mnma g§~§Yr H$m¡eb H$mo ~‹T>mZo Ho$ {bE

CÚ{‘Vm à{ejU àXmZ {H$`m J`m; 14 H¥${f CÚ{‘`m|

Ho$ {bE nwUo ‘| ImÚ àg§ñH$aU ’¡$ŠQ>[a`m| Ho$ Am¡Úmo{JH$

à{ejU Xm¡ao H$m Am`moOZ {H$`m J`m; nydm}Îma joÌ ‘| Hw$N>

à‘wI {Z`m©V CËnmXm| ‘| {H$E Om aho ‘m¡OyXm ‘yë` g§dY©Z


Ho$ ~mao ‘| ~ohVa g‘P {dH${gV H$aZo Ho$ {bE l¥§Ibm~Õ

12 d¡ë`y MoZ Ho$g ñQ>S>r H$s JB©; nydm}Îma ^maV H$s {Z`m©V

j‘VmAm| na EH$ {díbofUmË‘H$ VH$ZrH$s [anmoQ>© V¡`ma H$s

JB©; EH$ XñVH$ma Ho$ Ñ{ï>H$moU go H«$mâQ> BH$mo{gñQ>‘ H$m

{díbofU H$aZo Am¡a CgH$s g§nyU© g‘P {dH${gV H$aZo Ho$

{bE Ag‘ ‘| ~moS>mob¢S> Q>o[aQ>mo[a`b joÌ Ho$ Mma {Obm| ‘|

hWH$aKm Am¡a hñV{eën ŠbñQ>am| H$s ‘¡qnJ H$s JB© Am¡a

‘¡qnJ Ho$ ~mX ŠbñQ>a g§gmYZ nwñVH$ V¡`ma H$s JB©; Am¡a

~m§g go ~Zo ’$ZuMa Am¡a ~m§g H$s J«oqS>J na {deof Ü`mZ XoVo

hþE Ag‘ ‘| ~¢H$ H$mo ñdrH$m`© Xmo àñVmd V¡`ma {H$E JE&

ZB© nhb|

EŠgnmoQ>© brqS>J B§S>oŠg

EpŠµO‘ ~¢H$ Zo AnZo {Za§Va emoY à`mgm| H$s H$‹S>r ‘|

^maV Ho$ {Z`m©Vm| ‘| AmZo dmbo CVma-M‹T>mdm| H$m nydm©Zw‘mZ

bJmZo Am¡a CZH$m Q´>¡H$ aIZo Ho$ CÔoí` go EŠgnmoQ>© brqS>J

B§S>oŠg (B©EbAmB©) V¡`ma H$aZo Ho$ {bE EH$ Am§V[aH$

‘m°S>b {dH${gV {H$`m h¡& Bg ‘m°S>b go ~Zm B©EbAmB©

Xoe Ho$ {Z`m©Vm| H$m AmH$bZ H$aVm h¡& Bg ‘m°S>b H$mo Xoe

Ho$ {Z`m©Vm| na à^md S>mbZo dmbo {d{^ÝZ ~mø Ed§ Kaoby

H$maH$m| H$mo Ü`mZ ‘| aIVo hþE ^maV Ho$ dñVw {Z`m©Vm| Am¡a

J¡a-Vob {Z`m©Vm| ‘| {V‘mhr AmYma na d¥{Õ H$m nydm©Zw‘mZ

bJmZo Ho$ {bE EH$ à‘wI g§Ho$VH$ Ho$ ê$n ‘| {dH${gV

for enhancing their managerial abilities and trade

related skills; industrial exposure visits to food

processing factories in Pune were organised for

14 agro-entrepreneurs; a series of 12 value chain

case studies were developed to have a better

understanding of the existing value additions being

done in some of the key export promotion products

in the North East region; an analytical technical

report on export potential of North East India has

been developed; mapping exercise of handloom

and handicraft clusters in four Bodoland Territorial

Area Districts, Assam, and development of a cluster

resource book post the mapping, were carried out

to analyse and gain complete understanding of the

craft ecosystem from an artisan’s perspective; and

two bankable proposals were developed in Assam

with special focus on bamboo-based furniture and

grading of bamboo.

NEW INITIATIVES

Export Leading Index

As part of its continued research initiatives, Exim

Bank has developed an in-house model to generate

an Export Leading Index (ELI) for India to track

and forecast the movement in India’s exports. The

ELI, derived from the model, gauges the outlook

EpŠµO‘ ~¢H$ Zo {JZr ~m°ŠgmBQ> {Z`m©V n[a`moOZm Ho$ ~§XaJmh Am¡a ~w{Z`mXr T>m§Mo Ho$ {dH$mg ‘| ghm¶Vm Ho$ {bE Jma§Q>r àXmZ H$s&

Exim Bank extended guarantee support for the port and infrastructure development of the Guinea Bauxite Export Project.


6060 dm{f©H$ [anmoQ>© 2018-19

{H$`m J`m h¡& EpŠµO‘ ~¢H$ Ho$ `o nydm©Zw‘mZ ha {V‘mhr

AmYma na g§~§{YV {V‘mhr Ho$ {bE OyZ, {gV§~a, {Xg§~a

Am¡a ‘mM© Ho$ nhbo gámh ‘| Omar {H$E OmVo h¢& Bg ‘m°S>b

‘| {Za§Va gwYma {H$`m OmVm h¡& `h B©EbAmB© AÝ` Ho$

gmW-gmW Zr{V {Z‘m©VmAm|, emoYm{W©`m| Am¡a {Z`m©VH$m| Ho$

{bE Cn`moJr hmo gH$Vm h¡& Bg ‘m°S>b VWm Bggo àmá

nydm©Zw‘mZ g§~§Yr n[aUm‘m| H$s g‘rjm {deofkm| H$s EH$

ñWmB© VH$ZrH$s g{‘{V Ûmam g‘`-g‘` na H$s OmVr h¡&

aUZr{VH$ Am{W©H$ gh`moJ na MMm©naH$ gÌ

{d{Îm¶ df© 2018-19 Ho$ Xm¡amZ, ~¢H$ Zo dm{UÁ` Ed§ CÚmoJ

‘§Ìmb`, ^maV gaH$ma Ho$ gmW {‘bH$a A’«$sH$m, b¡{Q>Z

A‘o[aH$m Am¡a H¡$[a{~`mB© joÌ VWm yamon Ed§ Amo{eAm{Z`m joÌ

Ho$ Xoem| Ho$ gmW aUZr{VH$ Am{W©H$ gh`moJ na VrZ MMm©naH$

gÌm| H$m Am`moOZ {H$`m& BZ H$m`©H«$‘m| H$m Am`moOZ C³V

joÌm| Ho$ Xoem| Ho$ gmW ^maV Ho$ {Ûnjr` ì`mnma Am¡a {Zdoe

H$mo ~‹T>mZo VWm BZ joÌm| ‘| ‘m¡OyX ì`mnma H$s g§^mdZmAm|

H$m nVm bJmZo Ho$ {bE BZ Xoem| Ho$ amOXyVm| Ho$ gmW MMm©Am|

H$mo gwJ‘ ~ZmZo Ho$ CÔoí` go {H$`m J`m Wm& ‘mZZr`

dm{UÁ` Ed§ CÚmoJ Am¡a ZmJa${d‘mZZ ‘§Ìr, ^maV gaH$ma

lr gwaoe à^w Zo BZ MMm©Am| ‘| {hñgm {b`m Am¡a BZ Xoem|

H$mo nmañn[aH$ bm^H$mar gh`moJ Ho$ joÌm| ‘| g§^mdZmE§

VbmeZo Ho$ {bE àmoËgm{hV {H$`m&

for India’s exports and is essentially developed

as a leading indicator to forecast growth in total

merchandise and non-oil exports of the country,

on a quarterly basis, based on several external and

domestic factors that could impact exports of the

country. Exim Bank’s forecasts are released during

the first week of the months of June, September,

December and March, for the corresponding

quarters. With continuous improvisation to the

model, ELI could be of interest to policy makers,

researchers, and exporters, among others. The

model and the forecast result are reviewed

periodically by a standing technical committee of

domain experts.

Interactive Sessions on Strategic Economic

Cooperation

During FY 2018-19, the Bank and the Ministry of

Commerce and Industry, Government of India,

jointly organised three interactive sessions on

strategic economic cooperation with the countries

of Africa, Latin America and Caribbean, and Europe

and Oceania. The events were aimed at facilitating

interactions with ambassadors of countries in the

aforementioned regions, for discussing the potential

for enhancing bilateral trade and investment, and

realising the untapped trade potential in the regions.

Mr. Suresh Prabhu, Hon’ble Minister of Commerce

and Industry, and Civil Aviation, GOI participated in

the interactions, and encouraged the countries to

explore mutually beneficial areas for cooperation.


6262 dm{f©H$ [anmoQ>© 2018-19

Corporate Governance

Exim Bank ensures transparency and integrity in

communication and makes available full, accurate

and clear information to all concerned. The Bank

is committed and continuously strives to ensure

compliance with best practices of corporate

governance as relevant to the Bank. The Bank

has established a framework of strategic control

and continuously reviews its efficacy. Business/

financial performance related matters and

analytical data / information are reported to the

Board / Management Committee (MC) of the Board

periodically for review. The Bank has put in place

a Board approved compliance policy, and a senior

official is responsible for adherence to compliance

issues related to with all applicable statutes,

regulations and other procedures, policies as laid

down by the GOI / RBI, other regulators, the Board,

and report deviation, if any, to the Audit Committee.

The Bank's Board held five meetings and the MC

held six meetings during the year.

H$m°nm}aoQ> A{êmgZ

EpŠµO‘ ~¢H$ AnZo g^r g§àofUm| ‘| nyar nmaX{e©Vm VWm

gË`{Zð>m gw{Z{üV H$aVm h¡ VWm g^r g§~§{YV njm|

H$mo nyU©, ghr Ed§ ñnï> gyMZm àXmZ H$aVm h¡& ~¢H$

H$m°nm}aoQ> A{êmgZ H$s CËH¥$ï> nÕ{V`m| Ho$ AZwnmbZ Ho$

{bE à{V~Õ h¡ Am¡a BgHo$ {bE gX¡d VËna ahVm h¡& Bg

na g‘w{MV {Z`§ÌU Ho$ {bE ~¢H$ Zo EH$ ì`dñWm {dH${gV

H$s h¡ VWm BgH$s CnmXo`Vm H$s {Za§Va g‘rjm H$aVm

ahVm h¡& ì`dgm` / {dÎmr` {ZînmXZ go g§~§{YV ‘m‘bm|,

{díboofUmË‘H$ Am§H$‹S>m| / gyMZm Am{X H$mo {ZXoeH$ ‘§S>b/

{ZXoeH$ ‘§S>b H$s à~§YZ g{‘{V (E‘gr) H$mo g‘rjm Ho$

{bE Amd{YH$ AmYma na [anmoQ>© {H$`m OmVm h¡& ~¢H$ ‘|

{ZXoeH$ ‘§S>b Ûmam AZw‘mo{XV EH$ AZwnmbZ Zr{V bmJy h¡

Am¡a g^r H$mZyZm|, {d{Z`‘m| Am¡a AÝ` à{H«$`mAm| VWm maV

gaH$ma / ^maVr` [aµOd© ~¢H$, AÝ` {d{Z`m‘H$m|, {ZXoeH$

‘§S>b Ûmam {ZYm©[aV {d{Z`‘m| Ho$ AZwnmbZ Ho$ g§~§Y ‘| EH$

d[að> A{YH$mar AZwnmbZ A{YH$mar Ho$ ê$n ‘| CÎmaXm`r

h¢, Omo {H$gr ^r àH$ma Ho$ {dMbZ H$mo boIm narjm g{‘{V

H$mo [anmoQ>© H$aVo h¢& df© Ho$ Xm¡amZ ~¢H$ Ho$ {ZXoeH$ ‘§S>b H$s

nm§M VWm à~§YZ g{‘{V H$s N>h ~¡R>H|$ hþBª&

EpŠµO‘ ~¢H$ ‘| 29 AŠQy>~a go 3 Zd§~a, 2018 VH$ gVH©$Vm OmJê$H$Vm gámh ‘Zm`m J`m&

The Vigilance Awareness Week was observed at Exim Bank from 29th October to 3rd November, 2018.

EpŠµO‘ ~¢H$ Zo S>rB©B© S>odbn‘|Q> B§Or{Z`g© {b{‘Q>oS> H$mo ZmBOr[a`m ‘| Vob [a’$mBZar g{hV {Z`m©V Am°S>©am| Ho$ {ZînmXZ Ho$ {bE Jma§{Q>`m§ àXmZ H$s¨&

Exim Bank sanctioned guarantees to DEE Development Engineers Ltd., for execution of its export orders, including an oil refinery in Nigeria.

boIm narjm g{‘{V

~¢H$ Ho$ {ZXoeH$ ‘§S>b H$s boIm narjm g{‘{V (Egr) ~¢H$ Ho$ g§nyU© boIm narjm H$m`m] Ho$ {bE ‘mJ©Xe©Z àXmZ H$aVr h¡, Vm{H$ EH$ à~§YZ ‘mÜ`‘ Ho$ ê$n ‘| BgH$s à^mderbVm ‘| d¥{Õ hmo Am¡a dh gm§{d{YH$ / ~mhar / Am§V[aH$ /g§Jm‘r boIm narjm [anmoQ>m] VWm ^maVr` [aµOd© ~¢H$ H$s {ZarjU [anmoQ>m] ‘| CR>mE JE g^r ‘wÔm| Ho$ g§~§Y ‘| AZwdVu H$ma©dmB© H$ao& `h g{‘{V àËòH$ df© ~¢H$ Ho$ dm{f©H$ {dÎmr`

Audit Committee

The Audit Committee (AC) of the Bank's Board

provides direction to the total audit function of

the Bank in order to enhance its effectiveness

as a management tool and to follow-up on all

issues raised in the statutory / external / internal/

concurrent audit reports and RBI inspection reports. The AC reviews the annual financial statements


every year before submission of the same to the Board. The AC met six times during FY 2018-19.

Asset-Liability Management (ALM)

The Asset-Liability Management Committee (ALCO) of the Bank oversees the monitoring and management of market risk with support from the Bank's mid-office. Liquidity / interest rate risks are managed by ALCO as per the comprehensive ALM/ liquidity policies approved by the Board. The role of ALCO includes, inter alia, reviewing the Bank's currency-wise structural liquidity and interest rate sensitivity positions vis-a-vis prudential limits prescribed by the RBI / Board, monitoring results of periodical stress testing of cash flows and identifying a suitable ALM strategy based on the quantum of interest-rate risk as measured through (a) assessment of sensitivity of net interest income and (b) sensitivity of economic value, using duration-gap analysis, to interest rate movement. Regular stress testing of the currency-wise liquidity position is carried out and a contingency funding plan is drawn up periodically to estimate the worst-case fund shortfall in each currency. Value-at-risk is computed for the Bank's held for-trading and available-for-sale portfolio of GOI securities. The Fund Management Committee (FMC) decides on the investments / disinvestments and raising of resources as per the Fund Management / Resources Plan approved by the Board at the beginning of each year and reviewed during the year.

Risk Management

The Risk Management Committee of the Board

(RMC) is responsible for monitoring and managing

Bank-wide risks, and overseeing the policy and

strategy for integrated risk management related to

credit risk, market risk, and operational risk. The

RMC also periodically reviews the functioning of

the Bank’s ALCO and FMC. The Bank also has an

Integrated Risk Management Committee (IRMC),

which is independent of operating groups and

reports directly to the top management. The IRMC

{ddaUm| H$mo {ZXoeH$ ‘§S>b Ho$ g‘j àñVwV H$aZo go nhbo CZH$s Om§M H$aVr h¡& {dÎmr` df© 2018-19 Ho$ Xm¡amZ boIm narjm g{‘{V H$s N>h ~¡R>H|$ hþBª&

AmpñV Xo`Vm à~§YZ (EEbE‘)

~¢H$ H$s AmpñV Xo`Vm à~§YZ g{‘{V (EëH$mo) ~¢H$ Ho$

{‘S>-Am°{’$g Ho$ gh`moJ go ~mOma OmopI‘ H$s {ZJamZr

Am¡a à~§YZ H$m H$m`© XoIVr h¡& EëH$mo Ûmam {b{³d{S>Q>r/

ã`mO Xa OmopI‘m| H$m à~§YZ {ZXoeH$ ‘§S>b Ûmam AZw‘mo{XV

ì`mnH$ EEbE‘ / {b{³d{S>Q>r Zr{V`m| Ho$ AZwgma {H$`m

OmVm h¡& EëH$mo H$s ^y{‘H$m ‘| AÝ` ~mVm| Ho$ gmW-gmW,

^maVr` [aµOd© ~¢H$ / {ZXoeH$ ‘§S>b Ûmam {ZYm©[aV {ddoH$nyU©

gr‘mAm| H$s VwbZm ‘| ~¢H$ H$s ‘wÐm-dma g§aMZmË‘H$

{b{³d{S>Q>r VWm ã`mO Xa g§doXZerbVm H$s pñW{V`m| H$s

g‘rjm H$aZm, ZH$Xr àdmhm| Ho$ Amd{YH$ X~md narjUm|

Ho$ n[aUm‘m| H$s {ZJamZr H$aZm Am¡a ã`mO Xa OmopI‘

Ho$ AmYma na EH$ Cn`w³V EEbE‘ aUZr{V V¡`ma H$aZm

em{‘b h¡& ã`mO Xa OmopI‘ H$mo ã`mO Xa ‘| CVma-

M‹T>md H$s VwbZm ‘| Ad{Y A§Vamb {díboofU Ho$ O[aE

(H$) {Zdb ã`mO Am` H$s g§doXZerbVm Ho$ {díboofU Am¡a

(I) Am{W©H$ ‘yë` H$s g§doXZerbVm go ‘mnm OmVm h¡&

‘wÐm-dma {b{³d{S>Q>r pñW{V Ho$ X~md narjU {Z`{‘V ê$n

go {H$E OmVo h¢ Am¡a àË`oH$ ‘wÐm H$s CnbãYVm ‘| H$‘r

H$s pñW{V H$m AmH$bZ H$aZo Ho$ {bE g‘`-g‘` na EH$

AmH$pñ‘H$ ’§$qS>J `moOZm ~ZmB© OmVr h¡& ^maV gaH$ma H$s

à{V^y{V`m| Ho$ ~¢H$ H$s Q´>oqS>J Ho$ {bE amoHo$ JE VWm {~H«$s

Ho$ {bE CnbãY nmoQ>©’$mo{b`mo Ho$ {bE OmopI‘ ‘yë` H$s

JUZm H$s OmVr h¡& {Z{Y à~§YZ g{‘{V (E’$E‘gr) àË`oH$

{dÎmr` df© Ho$ àma§^ ‘| {ZXoeH$ ‘§S>b Ûmam AZw‘mo{XV Am¡a

df© Ho$ Xm¡amZ g‘r{jV {Z{Y à~§YZ / g§gmYZ `moOZm Ho$

AZwgma {Zdoem| / {d{Zdoem| VWm g§gmYZ OwQ>mZo Ho$ g§~§Y ‘|

{ZU©` boVr h¡&

OmopI‘ à~§YZ

~¢H$ ‘| {ZXoeH$ ‘§S>b H$s OmopI‘ à~§YZ g{‘{V ~¢H$ Ho$ {bE

{d{^ÝZ OmopI‘m| H$s {ZJamZr Am¡a CZH$m à~§YZ H$aZo Ho$

gmW-gmW F$U OmopI‘, ~mOma OmopI‘ Am¡a n[aMmbZJV

OmopI‘m| Ho$ g§~§Y ‘| EH$sH¥$V OmopI‘ à~§YZ hoVw Zr{V Am¡a

aUZr{V g§~§Yr H$m`© XoIVr h¡& `h g{‘{V ~¢H$ H$s EëH$mo

Am¡a E’$E‘gr Ho$ H$m`m] H$s ^r g‘`-g‘` na g‘rjm


6464 dm{f©H$ [anmoQ>© 2018-19

reviews the Bank's position with regard to various

risks (portfolio, liquidity, interest rate, off-balance

sheet and operational risks) and oversees the

operations of the ALCO, the FMC and the Credit Risk

Management Committee (CRMC), all of which have

cross-functional representation. While ALCO deals

with issues relating to ALM policy, processes and

analyses the overall market risk (liquidity, interest-

rate risk and currency risk) of the Bank, CRMC

deals with credit policy, procedures and analyses,

manages and controls credit risk on a Bank-wide

basis. The Bank has in place an advanced Credit Risk

Model that enables a broad-based credit decision

support (by incorporating a range of qualitative as

well as quantitative parameters / measures) and

better portfolio management capability. A rating

committee is in place to independently review

the credit ratings assigned by sponsoring officers

of the respective proposals. The Bank undertakes

an annual review of the business continuity and

disaster recovery plans of all its offices. Each of

the plans is vetted for completeness with regard

to critical business continuity risk events, and

safeguards in place for mitigating the impact

thereof.

Loan Administration

Exim Bank dedicatedly monitors loan accounts

which are under stress and undertakes action for

strengthening of recovery measures for NPAs. The

Bank takes pro-active steps towards loan recovery

including preventing slippage of standard assets

into NPAs, rehabilitation of stressed assets / NPAs

which are viable, and focuses on recovery from NPA

accounts where legal action is to be pursued for

recovery as per a Board-approved Loan Monitoring

and Recovery Policy, which is framed based on the

extant regulatory framework. Monthly reviews of

overdues and NPAs are undertaken by separate

committees of the Bank. The Bank accords highest

priority to recovery of NPAs and adopts a multi-

H$aVr h¡& ~¢H$ ‘| EH$ EH$sH¥$V OmopI‘ à~§YZ g{‘{V

(AmB©AmaE‘gr) r J{R>V h¡ Omo n[aMmbZ g‘yhm| go ñdV§Ì

h¡ Am¡a grYo erf© à~§YZ H$mo [anmoQ>© H$aVr h¡& `h g{‘{V

{d{^ÝZ OmopI‘m| (nmoQ>©’$mo{b`mo, ZH$Xr, ã`mO Xa, VwbZ-

nÌ go BVa Am¡a n[aMmbZJV OmopI‘m|) Ho$ g§~§Y ‘| ~¢H$ H$s

pñW{V H$s g‘rjm H$aVr h¡& gmW hr EëH$mo, E’$E‘gr Am¡a

F$U OmopI‘ à~§YZ g{‘{V (grAmaE‘gr) Ho$ n[aMmbZm|

H$s XoIaoI r H$aVr h¡, {OZ‘| go g^r H$m H«$m°g-’§$ŠeZb

à{V{Z{YËd hmoVm h¡& EëH$mo Ohm§ ~¢H$ ‘| AmpñV-Xo`Vm

à~§YZ (EEbE‘) Zr{V Am¡a à{H«$`mAm| go g§~§{YV {df`m|

H$mo XoIVr h¡ Am¡a ~¢H$ Ho$ g‘J« ~mOma OmopI‘ (Mb{Z{Y,

ã`mO Xa OmopI‘ Am¡a ‘wÐm OmopI‘) H$m {díbofU H$aVr

h¡, dht F$U OmopI‘ à~§YZ g{‘{V (grAmaE‘gr), F$U-

Zr{V Am¡a à{H«$`mAm| H$s XoIaoI H$aVr h¡ Am¡a ~¢H$ Ho$ F$U

OmopI‘m| H$m {díbofU, à~§YZ VWm {Z`§ÌU H$aVr h¡& ~¢H$

Ho$ nmg EH$ CÝZV F$U OmopI‘ à~§YZ ‘m°S>b (grAmaE‘)

h¡, {Oggo (JwUmË‘H$ VWm ‘mÌmË‘H$ n¡am‘rQ>am| / Cnm`m|

H$s ì`mnH$ loUr Ho$ O[aE) ~¢H$ H$mo ~ohVa F$U ‘yë`m§H$Z

{ZU©` boZo Am¡a CËH¥$ï> nmoQ>©’$mo{b`mo à~§YZ j‘Vm ~ZmE

aIZo ‘| ‘XX {‘bVr h¡& g§~§{YV àñVmdm| Ho$ àm¶moOH$

A{YH$m[a`m| Ûmam Xr JB© aoqQ>J H$s ñdV§Ì ê$n go g‘rjm Ho$

{bE AbJ go EH$ aoqQ>J g{‘{V h¡& ~¢H$ ì`dgm` {Za§VaVm

Am¡a AnZo g^r H$m`m©b`m| H$s {S>OmñQ>a [aH$dar `moOZmAm|

H$s dm{f©H$ g‘rjm ^r H$aVm h¡& OmopI‘m| Ho$ à^md go ~MZo

Ho$ {bE àË`oH$ moOZm H$s br-^m§{V Om§M H$s OmVr h¡ {H$

`o `moOZmE§ g§H$Q> H$s pñW{V ‘| ì`dgm` {Za§VaVm ~ZmE

aIZo Ho$ {bE {H$VZr H$maJa h¢ Am¡a OmopI‘ go gwajm Ho$

Cnm` H¡$go h¢&

F$U àemgZ

EpŠµO‘ ~¢H$ X~mdJ«ñV F$U ImVm| H$s AbJ go {ZJamZr

H$aVm h¡ Am¡a AZO©H$ AmpñV`m| H$s [aH$dar g§~§Yr Cnm`m|

H$mo gwÑ‹T> ~ZmZo H$s {Xem ‘| H$ma©dmB© H$aVm h¡& ~¢H$, dV©‘mZ

{d{Z`m‘H$s` V§Ì na AmYm[aV VWm {ZXoeH$ ‘§S>b Ûmam

AZw‘mo{XV F$U {ZJamZr Am¡a dgybr Zr{V Ho$ AZwgma,

‘mZH$ AmpñV`m| H$mo AZO©H$ AmpñV hmoZo go amoH$Zo g{hV

F$U H$s dgybr Ho$ {bE g{H«$` H$X‘ CR>mVm h¡& gmW hr,

Eogr AZO©H$ AmpñV`m| H$mo AO©H$ ~ZmZo H$m H$m‘ H$aVm h¡,

{OÝh| AO©H$ AmpñV H$s loUr ‘| bmZm ì`dhm`© h¡& BgHo$


dimensional approach for resolution of NPAs by

setting yearly targets. The approach includes

legal action, sale of assets through court receiver,

negotiated / one-time settlements, possession and

subsequent sale of assets under the provisions of

the Securitisation Act, and transfer / assignment of

debt to Asset Reconstruction Companies / others.

The Indian banking sector has undergone a

paradigm shift in its approach towards stressed

assets. With the introduction of Insolvency and

Bankruptcy Code, 2016 (IBC) together with the

extant guidelines from the Reserve Bank of India,

there is greater focus on resolution of stressed

assets. The Bank has been actively pursuing cases

under IBC and is well equipped to operate within

the regulatory framework.

Other Committees constituted by the Board

As per extant RBI guidelines, the Bank has a

Review Committee for Identification of Borrowers

as Wilful Defaulters / Non-Cooperative Borrowers,

constituted by the Board. The committee is headed

by the Bank’s Managing Director and consists of

two other Directors. The role of the committee is

to review and confirm orders passed by the Bank’s

internal committee for classification of Borrowers

as Wilful Defaulters / Non-Cooperative Borrowers.

As per extant RBI guidelines, the Bank has a Special

A{V[a³V, Eogo AZO©H$ ImVm| go dgybr na ^r ’$moH$g

H$aVm h¡, {OZ‘| H$mZyZr H$ma©dmB© H$s OmZr h¡& ~¢H$ ‘|

AbJ-AbJ g{‘{V`m| Ûmam A{VXo` d AZO©H$ AmpñV`m|

H$s ‘m{gH$ g‘rjm H$s OmVr h¡& dm{f©H$ bú` {ZYm©[aV H$a

~¢H$, AZO©H$ AmpñV`m| H$s dgybr H$mo nhbr àmW{‘H$Vm

XoVm h¡ Am¡a AZO©H$ AmpñV`m| Ho$ g‘mYmZ Ho$ {bE ~hþ-

Am`m‘r Ñ{ï>H$moU AnZmVm h¡& Bg Ñ{ï>H$moU ‘| ga’o$gr

A{Y{Z`‘ Ho$ A§VJ©V H$mZyZr H$ma©dmB©, AXmbVr AmXoe

Ho$ O[a`o AmpñV`m| H$s {~H«$s, {ZJmo{eEeZ, EH$~maJr

{ZnQ>mZ, AmpñV`m| na H$ãOm Am¡a {’$a CZH$s {~H«$s VWm

AmpñV nwZgªaMZm H§$nZr / AÝ` H$mo F$U H$m hñVm§VaU/

g‘ZwXoeZ em{‘b h¢&

X~mdJ«ñV AmpñV`m| Ho$ à{V maVr` ~¢qH$J joÌ Ho$ Ñ{ï>H$moU

‘| ~‹S>m n[adV©Z Am¶m h¡& ^maVr` [aµOd© ~¢H$ Ho$ ‘m¡OyXm

{Xem{ZX}em| Ho$ AmZo Am¡a {Xdmbm Ed§ {Xdm{b`mnZ g§{hVm

2016 (AmB©~rgr) bmJy hmoZo Ho$ ~mX go X~mdJ«ñV AmpñV`m|

Ho$ g‘mYmZ na A{V[a³V Ü`mZ H|${ÐV {H$`m J¶m h¡& ~¢H$

AmB©~rgr Ho$ A§VJ©V g{H«$`Vm go ‘m‘bo g§^mb ahm h¡ Am¡a

{Z`m‘H$s` V§Ì ‘| n[aMmbZm| Ho$ {bE gj‘ h¡&

~moS>© Ûmam J{R>V AÝ` g{‘{V`m§

^maVr` [aµOd© ~¢H$ Ho$ dV©‘mZ {Xem{ZX}em| Ho$ AZwgma,

~¢H$ ‘| CYmaH$Vm©Am| H$mo BamXVZ MyH$H$Vm©Am| / Agh`moJr

CYmaH$Vm©Am| Ho$ ê$n ‘| {M{•V H$aZo Ho$ {bE {ZXoeH$ ‘§S>b

Ûmam J{R>V EH$ g‘rjm g{‘{V h¡& Bg g{‘{V H$s AÜ`jVm

~¢H$ Ho$ à~§Y {ZXoeH$ Ûmam H$s OmVr h¡ Am¡a Bg‘| Xmo AÝ`

{ZXoeH$ em{‘b h¢& Bg g{‘{V H$m H$m`© CYmaH$Vm©Am|

H$mo BamXVZ MyH$H$Vm©Am|/Agh`moJr CYmaH$Vm©Am| Ho$ ê$n

EpŠµO‘ ~¢H$ Ho$ {Z`m©V gwJ‘rH$aU H$m`©H«$‘ Ho$ A§VJ©V {dÎmnmo{fV Am¡a ‘w§~B© H$mJm} g{d©g g|Q>a E¶anmoQ>© àmBdoQ> {b{‘Q>oS> Ûmam {Zînm{XV H$s Om ahr ‘w§~B© Ho$ N>Ìn{V {edmOr ‘hmamO A§Vaamï´>r` hdmB©AÈo> na A§Vaamï´>r` H$mJm} gw{dYmAm| Ho$ {dH$mg Am¡a aIaImd g§~§Yr n[a`moOZm&

Development and maintenance of international cargo facilities at Chhatrapati Shivaji Maharaj International Airport, Mumbai, being executed by Mumbai Cargo Service Center Airport Pvt. Ltd. and financed through Exim Bank’s Export Facilitation Programme.


6666 dm{f©H$ [anmoQ>© 2018-19

Committee of the Board for Monitoring and Follow

up of Cases of Frauds (SCMFF) involving amounts

of ` 10 million and above, constituted by the Board.

The committee is headed by the Managing Director

and has four other Directors as members. The

Committee meets and reviews cases, as and when

a fraud involving an amount of ` 10 million and

above comes to light; besides reviewing accounts

classified as Red Flagged Accounts.

Treasury

The Bank's integrated treasury handles fund

management functions, including investment of

surplus funds, money market and forex operations,

and securities trading. The Bank has segregated

front, middle and back office functions and has a

state-of-the-art dealing room. The range of products

offered by the Bank's treasury to its borrowers

includes foreign exchange deals, collection/

negotiation of export documents, issuance of

inland / foreign letters of credit / guarantees,

structured loans, etc. The Bank uses financial

derivative transactions for raising cost effective

funds and hedging its balance sheet exposures,

with the objective of reducing market risks. The

Bank is a member of the Indian Financial Network

(INFINET). The Bank holds a digital certificate to

deal through the Negotiated Dealing System-Order

Matching segment (NDS OM) of the RBI, which

provides the electronic dealing platform for trading

in GOI securities. The securities / foreign exchange

transactions of the Bank are routed through the

Guaranteed Settlement Facility provided by the

Clearing Corporation of India Ltd. (CCIL). The Bank

is an active member of Tri-Party Repo Dealing

System (TREPS) segment of CCIL. The Bank is also

a member of Clearcorp Order Matching System

(CROMS), the Reverse Repo dealing system of CCIL.

CROMS is a Straight Through Processing enabled

anonymous order matching platform launched by

CCIL to facilitate dealing in market repos in all kinds

‘| dJuH¥$V H$aZo Ho$ {bE ~¢H$ H$s Am§V[aH$ g{‘{V Ûmam

nm[aV AmXoe H$s g‘rjm H$aZm Am¡a CgH$s nw{ï> H$aZm

h¡& ^maVr` [aµOd© ~¢H$ Ho$ {Xem{ZX}em| Ho$ AZwgma, ~¢H$

‘| `$10 {‘{b`Z Am¡a Bggo A{YH$ am{e Ho$ YmoImY‹S>r

‘m‘bm| H$s {ZJamZr Am¡a ’$m°bmo-An Ho$ {bE {deof g{‘{V

(EggrE‘E’$E’$) h¡, {OgH$m JR>Z {ZXoeH$ ‘§S>b Ûmam

{H$`m J`m h¡& ~¢H$ Ho$ à~§Y {ZXoeH$ Bg g{‘{V Ho$ AÜ`j

h¢ Am¡a Bg‘| Mma AÝ` {ZXoeH$ gXñ` Ho$ ê$n ‘| em{‘b

h¢& ` 10 {‘{b`Z Am¡a Bggo A{YH$ am{e Ho$ YmoImY‹S>r

Ho$ ‘m‘bo gm‘Zo AmZo na g{‘{V H$s ~¡R>H$ hmoVr h¡ Am¡a

CZH$s g‘rjm H$s OmVr h¡& BgHo$ A{V[a³V, g{‘{V Ûmam

"aoS> âb¡½S> ImVm|' Ho$ ê$n ‘| dJuH¥$V ImVm| H$s ^r g‘rjm

H$s OmVr h¡&

Q´>oOar

~¢H$ H$s EH$sH¥$V Q´>oOar A{V[a³V {Z{Y`m| Ho$ {Zdoe, ‘wÐm

~mOma, ’$m°aoŠg n[aMmbZm| VWm à{V^y{V`m| H$s IarX-

{~H«$s g{hV {Z{Y à~§YZ H$m H$m`© XoIVr h¡& ~¢H$ Zo ’«§$Q>/

{‘{S>b / ~¡H$ Am°{’$g H$m`m] H$mo AbJ {H$`m h¡ Am¡a

AmYw{ZH$V‘ S>rqbJ ê$‘ ñWm{nV {H$`m h¡& ~¢H$ H$s Q´>oOar

AnZo J«mhH$m| H$mo {dXoer ‘wÐm gm¡Xo, {Z`m©V XñVmdoOm| H$s

dgybr / naH«$m‘U, A§VaXoer` / {dXoer gmI-nÌ/

Jma§{Q>`m§, g§a{MV F$U Am{X {d{^ÝZ àH$ma Ho$ CËnmX

àXmZ H$aVr h¡& ~¢H$ AnZo ~mOma OmopI‘m| H$mo H$‘ H$aZo

Ho$ CÔoí` go Ý`yZ bmJV na {Z{Y`m§ OwQ>mZo Am¡a VwbZ-nÌ

EŠgnmoOa H$s hoqOJ Ho$ {bE {dÎmr` ì`wËnÝZr (S>o[ado{Q>d)

g§ì`dhmam| H$m ^r Cn`moJ H$aVm h¡& ~¢H$ ^maVr` {dÎmr`

ZoQ>dH©$ (B§{’$ZoQ>) H$m gXñ` h¡& ~¢H$ H$mo ^maVr` [aµOd©

~¢H$ Ho$ {ZJmo{eEQ>oS> S>rqbJ {gñQ>‘ Am°S>©a ‘¡qMJ goJ‘|Q>

(EZS>rEg-AmoE‘) Ho$ O[aE gm¡Xm H$aZo Ho$ {bE {S>{OQ>b

à‘mU nÌ àmá h¡& EZS>rEg-AmoE‘ ^maV gaH$ma H$s

à{V^y{V`m| Ho$ H«$`-{dH«$` Ho$ {bE BboŠQ´ m°{ZH$ boZXoZ H$m

EH$ ‘§M àXmZ H$aVm h¡& ~¢H$ H$s à{V^y{V`m§ VWm {dXoer

‘wÐm boZXoZ ‘w»`V… ^maVr` g‘memoYZ {ZJ‘ {b{‘Q>oS>

(grgrAmB©Eb) Ûmam àXmZ H$s JB© Jma§{Q>V {ZnQ>mZ gw{dYm

Ho$ O[aE {H$E OmVo h¢& ~¢H$ grgrAmB©Eb Ho$ Q´ m`-nmQ>u

aonmo S>rqbJ {gñQ>‘ (Q´>oßg Q´o ßg) H$m g{H«$` gXñ` h¡&

~¢H$ grgrAmB©Eb Ho$ aonmo S>rqbJ {gñQ>‘, pŠb`aH$m°n©

Am°S>©a ‘¡qMJ {gñQ>‘ (H«$moåg) H$m ^r gXñ` h¡& `h

grgrAmB©Eb Ûmam ewê$ {H$`m J`m EZmo{Z‘g Am°S>©a


of Government Securities on T+0/ T+ 1 basis. CCIL

acts as a central counterparty to all CROMS trades

and settlements are guaranteed by CCIL. Secondary

market dealings in Commercial Papers / Certificate

of Deposits and Repo in Corporate Debt Securities

are reported and confirmed through a Clearcorp’s

Financial Market Trade Reporting and Confirmation

Platform, F-TRAC. The Bank has a centralised

SWIFT facility (with connectivity to the London

Branch) which is capable of handling multiple Bank

Identifier Codes.

Information Technology

During the year, IT systems were upgraded in

various areas including core banking system,

business intelligence, digital documentation,

automatic workflows, networks, infrastructure

and security. The Bank strengthened its practices

and procedures in compliance with international

standards for IT Governance.

The Bank continued to invest on infrastructure to

support the growing business needs and upgraded

networks across its offices and data centre.

Seamless integration between the Bank’s core

banking system and payment channels (RTGS /

NEFT and SWIFT) supports better fund management

and real time appropriation of funds. The Bank

became one of the early members of BankChain,

which is a forum of Indian banks formed to explore

the feasibility of implementation of Blockchain

based technology in Indian banking industry.

The Bank has established its new Disaster Recovery

Site with latest technology and minimal human

intervention. Cloud and device based audio-video

conferencing facility enables seamless business

communication among stakeholders.

Human Resources Management

The Bank's staff, comprising management

graduates, chartered accountants, bankers,

‘¡qMJ ßboQ>’$m°‘© h¡, Omo g^r àH$ma H$s gaH$mar à{V^y{V`m| H$s T+0/T+1 AmYma na ‘mH}$Q> aonmo ‘| IarX-{~H«$s H$mo gwJ‘ ~ZmVm h¡& grgrAmB©Eb g^r H«$moåg boZXoZm| Ho$ {bE H|$Ðr` H$mC§Q>anmQ>u Ho$ ê$n ‘| H$m‘ H$aVr h¡& g^r {ZnQ>mZ grgrAmB©Eb Ûmam Jma§{Q>V hmoVo h¢& dm{UpÁ`H$ nÌm|/O‘m à‘mU nÌm| ‘| {ÛVr`H$ ~mOma gm¡Xm| Am¡a H$m°nm}aoQ> F$U à{V^y{V`m| ‘| aonmo H$s ŠbràH$m°n© Ho$ {dÎmr` ~mOma boZXoZ H$s [anmo{Q>ªJ Am¡a nw{ï>H$aU ßb¡Q>’$m°‘© (E’$-Q´>¡H$) Ho$ O[aE [anmo{Q>ªJ Am¡a nw{ï> H$s OmVr h¡& ~¢H$ ‘| b§XZ emIm go H$ZopŠQ>{dQ>r Ho$ gmW Ho$ÝÐrH¥$V pñdâQ> gw{dYm ^r h¡, Omo '‘pëQ>nb ~¢H$ AmBS|>{Q>’$mà H$moS²g' H$mo g§^mbZo ‘| gj‘ h¡&

gyMZm àm¡Úmo{JH$s

df© Ho$ Xm¡amZ, {d{^ÝZ joÌm| ‘| AmB©Q>r {gñQ>‘ AnJ«oS>

{H$E JE& BZ‘| H$moa ~¢qH$J {gñQ>‘, ì`dgm` AmgyMZm,

{S>{OQ>b àboIZ, Am°Q>mo‘¡{Q>H$ dH©$âbmo, ZoQ>dH©$, T>m§MmJV

gw{dYm VWm gwajm O¡go {d{^ÝZ joÌ em{‘b h¢& ~¢H$ Zo

gyMZm àm¡Úmo{JH$s A{êmgZ Ho$ joÌ ‘| A§Vaamï´>r` ‘mZH$m|

Ho$ AZwnmbZ ‘| AnZr nÕ{V`m| Am¡a à{H«$`mAm| H$mo gwÑ‹T>

{H$`m h¡&

~¢H$ Zo ì`dgm` H$s ~‹T>Vr Oê$aVm| Ho$ AZwgma, ~w{Z`mXr

T>m§Mo ‘| {Zdoe H$aZm Omar aIm Am¡a AnZo g^r H$m`m©b`m| ‘|

ZoQ>dH©$ VWm S>mQ>m g|Q>a H$m CÝZ`Z H$aZm Omar aIm& ~¢H$

Ho$ H$moa ~¢qH$J {gñQ>‘ Am¡a ^wJVmZ M¡Zbm| (AmaQ>rOrEg/

EZB©E’$Q>r Am¡a pñdâQ>) Ho$ ~rM EH$sH$aU Ho$ MbVo ~ohVa

{Z{Y à~§YZ Am¡a {Z{Y`m| H$m [a`b Q>mB‘ ‘| {d{Z`moOZ

hmoVm h¡& ~¢H$, ^maVr` ~¢qH$J CÚmoJ ‘| ãbm°H$ MoZ AmYm[aV

àm¡Úmo{JH$s Ho$ {H«$`mÝd`Z H$s ì`dhm`©Vm naIZo Ho$ {bE

^maVr` ~¢H$m| Ho$ ’$moa‘, ~¢H$ MoZ Ho$ nhbo gXñ`m| ‘| go

EH$ ~Z J`m h¡&

~¢H$ Zo ZdrZV‘ àm¡Úmo{JH$s dmbr AnZr ZB© {S>OmñQ>a

[aH$dar gmBQ> ñWm{nV H$s h¡, {Og‘| Ý`yZV‘ ‘mZd

g§gmYZ Ano{jV h¡& ŠbmCS> Am¡a {S>dmBg AmYm[aV

Am°{S>`mo-dr{S>`mo H$m°Ý’«|$qgJ gw{dYm go {d{^ÝZ njm| Ho$

~rM A~m{YV ì`dgm` g§Mma g§^d hmo nmVm h¡&

‘mZd g§gmYZ à~§YZ

`Wm 31 ‘mM©, 2019 H$mo ~¢H$ Ho$ Hw$b H$‘©Mm[a`m| H$s

g§»`m 350 ahr, {OZ‘| à~§YZ ñZmVH$, gZXr boImH$ma,


6868 dm{f©H$ [anmoQ>© 2018-19

economists, legal, library and documentation

experts, engineers, linguists, human resources,

corporate communication and IT specialists,

numbered 350 on March 31, 2019. The professional

team of 293, is supported by administrative

officers. As a "learning organisation", the Bank

organises various group training programmes,

facilitating continuous upgradation of skills of its

staff. Officers are nominated for customised training

programmes and seminars including e-learning,

aimed at developing and enhancing skill sets

for handling highly specialised portfolios. During

the financial year, 230 officers attended training

programmes and seminars on subjects relevant

to the Bank’s business, in the areas of financial

modelling, management of stressed assets,

overview of the Bank’s products and services, Ind

AS, vigilance, regulatory aspects, self-development,

among others. Nearly 66 per cent of the Bank's

officers were nominated for 89 training programmes

conducted by reputed institutes during the year.

Representation of Scheduled Castes, Scheduled Tribes and other Backward Classes

Of the total staff of 350 in the Bank’s service as

on March 31, 2019, there were 36 Scheduled

Caste, 24 Scheduled Tribe and 56 Other Backward Class staff members. Training in information

technology and other areas such as corporate

grooming and etiquette, secretarial practices and

Bank’s products and services, was provided to

these staff members. The Bank continues to grant

~¢H$a, AW©emór, {d{Y, nwñVH$mb` Ed§ àboIrH$aU

{deofk, B§Or{Z`a, ^mfm {deofk, ‘mZd g§gmYZ,

H$m°nm}aoQ> g§Mma VWm gyMZm àm¡Úmo{JH$s {deofk em{‘b h¢&

BZ‘| go 293 ñQ>m’$ gXñ`m| H$s àmo’o$eZb Q>r‘ H$s ghm`Vm

Hw$eb Am¡a à{V~Õ àemg{ZH$ A{YH$m[a`m| Ûmam H$s OmVr

h¡& ~¢H$ EH$ ''b{ZªJ g§ñWm'' Ho$ ê$n ‘| AnZo A{YH$m[a`m|

Ho$ H$m¡eb H$m {Za§Va CÝZ`Z H$aZo Ho$ {bE {d{^ÝZ

à{ejU H$m`©H«$‘ Am`mo{OV H$aVm ahVm h¡& A{YH$m[a`m|

H$mo {d{eï> nmoQ>©’$mo{b`mo g§^mbZo Ho$ {bE CZHo$ H$m¡eb

{dH$mg Ho$ CÔoí` go CÝh| B©-b{ZªJ g{hV {d{eï> g‘yh

à{ejU H$m`©H«$‘m| Am¡a go{‘Zmam| Ho$ {bE Zm{‘V {H$`m

OmVm h¡& {dÎmr` df© Ho$ Xm¡amZ ~¢H$ Ho$ 230 A{YH$m[a`m| Zo

~¢H$ Ho$ ì`dgm` go g§~§{YV {dÎmr` ‘m°S>qbJ Am¡a X~mdJ«ñV

AmpñV`m| Ho$ à~§YZ O¡go joÌm| VWm ~¢H$ Ho$ CËnmXm| Am¡a

godmAm|, ^maVr` boIm§H$Z ‘mZH$m|, gVH©$Vm, {d{Z`m‘H$

nhbwAm| Am¡a ì`{³VJV {dH$mg O¡go {df`m| na à{ejU

H$m`©H«$‘m| Am¡a go{‘Zmam| ‘| {hñgm {b`m& df© Ho$ Xm¡amZ, ~¢H$

Ho$ H$ar~ 66 à{VeV A{YH$m[a`m| H$mo à{V{ð>V g§ñWmZm|

Ûmam Am`mo{OV 89 à{ejU H$m`©H«$‘m| ‘| Zm{‘V {H$`m J`m&

AZwgy{MV Om{V`m|, OZOm{V`m| VWm AÝ` {nN>‹S>o dJm]

H$m à{V{Z{YËd

`Wm 31 ‘mM©, 2019 H$mo ~¢H$ H$s godm ‘| Hw$b 350 ñQ>m’$

gXñ`m| ‘| 36 AZwgy{MV Om{V, 24 AZwgy{MV OZOm{V

Am¡a 56 AÝ` {nN>‹S>m dJ© loUr go aho& BZ ñQ>m’$ gXñ`m|

H$mo gyMZm àm¡Úmo{JH$s g{hV H$m°nm}aoQ> J«yq‘J Ed§ {eï>mMma,

g{Mdr` H$m`©nÕ{V`m| Am¡a ~¢H$ Ho$ CËnmX Ed§ godmAm| O¡go

joÌm| ‘| à{ejU àXmZ {H$`m J`m& ~¢H$ Zo Zm°W© B©ñQ>Z© arOZb

B§ñQ>rQ>çyQ> Am°’$ gmB§g E§S> Q>oŠZmobm°Or, AéUmMb àXoe

Ho$ AZwgy{MV Om{V Am¡a AZwgy{MV OZOm{V VWm AÝ`

~¢H$ Ho$ ‘w§~B© Am¡a ZB© {Xëbr H$m`m©b`m| ‘| aº$XmZ A{^`mZm| H$m Am`moOZ {H$`m J`m&

Blood donation drives were organised by Exim Bank at its offices in Mumbai and New Delhi.


scholarships for students from Scheduled Castes,

Scheduled Tribes and Other Backward Classes at

the North Eastern Regional Institute of Science and

Technology, Arunachal Pradesh, and has instituted

scholarships for reserved category students of the

Kalinga Institute of Industrial Technology University,

Odisha; Indian Institute of Foreign Trade, New Delhi;

the Delhi School of Economics, New Delhi; and

the Jawaharlal Nehru University, New Delhi. The

Bank has instituted new scholarships at Nagaland

University; North Eastern Hill University, Meghalaya;

Tripura University; and Sikkim University, to focus

on the North Eastern region, and particularly on

students from tribal communities.

Internal Complaints Committee under “The Sexual

Harassment of Women at Workplace (Prevention,

Prohibition and Redressal) Act, 2013”

The Bank has zero tolerance for sexual harassment

at workplace and has adopted a Policy on Prevention,

Prohibition and Redressal of Sexual Harassment of

Women at the Workplace, in line with the provisions

of the Sexual Harassment of Women at Workplace

(Prevention, Prohibition and Redressal) Act, 2013

(the Act) and the Rules made thereunder. The Policy

aims to provide protection to women employees at

the workplace and prevent and redress complaints

of sexual harassment and for matters connected or

incidental thereto, with the objective of providing

a safe working environment. All employees of the

Bank have read, acknowledged and are aware of

the Policy implemented by the Bank.

In compliance with the Act, the Bank has

constituted Internal Complaints Committee(s) for

considering complaints of sexual harassment of

women at the workplace as defined under the Act.

The committee(s) have held regular meetings and

also organised awareness sessions for employees

at all offices of the Bank. During the FY 2018-19,

no complaints have been received by the Internal

Complaints Committee(s).

{nN>‹S>m dJ© Ho$ {dÚm{W©`m| H$mo N>mÌd¥{Îm àXmZ H$aZm Omar

aIm h¡& gmW hr ~¢H$ Zo H$qbJ BñQ>rQ>çyQ> Am°’$ B§S>pñQ´>¶b

Q>oŠZmobm°Or `y{Zd{g©Q>r, Amo{S>em; ^maVr` {dXoe ì`mnma

g§ñWmZ, ZB© {Xëbr; {Xëbr ñHy$b Am°’$ BH$Zm°{‘Šg,

ZB© {Xëbr Am¡a Odmhabmb Zohê$ {díd{dÚmb`,

ZB© {Xëbr Ho$ Ama{jV loUr Ho$ N>mÌm| Ho$ {bE ^r N>mÌd¥{Îm

ewê$ H$s h¡& ~¢H$ Zo nydm}Îma joÌ Am¡a {deof ê$n go OZOmVr`

g‘wXm` Ho$ N>mÌm| na Ü`mZ H|${ÐV H$aZo Ho$ {bE ZmJmb¢S>

{díd{dÚmb`; Zm°W© B©ñQ>Z© {hb `y{Zd{g©Q>r ‘oKmb`;

{Ìnwam {díd{dÚmb` Am¡a {g{³H$‘ {díd{dÚmb` ‘| ^r ZB©

N>mÌd¥{Îm`m§ ewê$ H$s h¢&

""‘{hbmAm| H$m H$m`©ñWb na b¢{JH$ CËnr‹S>Z ({ZdmaU,

à{VfoY Am¡a à{VVmof) A{Y{Z`‘, 2013'' Ho$ A§VJ©V

Am§V[aH$ {eH$m`V g{‘{V

~¢H$ H$m`©ñWb na ‘{hbmAm| Ho$ b¢{JH$ CËnr‹S>Z Ho$ g»V

pIbm’$ h¡ Am¡a BgHo$ {bE Oramo Q>m°ba|g H$s Zr{V AnZmVm

h¡& ~¢H$ ‘| ""‘{hbmAm| H$m H$m`©ñWb na b¢{JH$ CËnr‹S>Z

({ZdmaU, à{VfoY Am¡a à{VVmof) A{Y{Z`‘, 2013'' Ho$

àmdYmZm| Am¡a Bg A{Y{Z`‘ Ho$ A§VJ©V ~Zo {Z`‘m| Ho$

AZwê$n, H$m`©ñWb na ‘{hbmAm| Ho$ b¢{JH$ CËnr‹S>Z Ho$

{ZdmaU, à{VfoY Am¡a à{VVmof na Zr{V bmJy h¡& BgH$m

CÔoí` ~¢H$ ‘| H$m`©aV ‘{hbm H$‘©Mm[a`m| H$mo gwajm àXmZ

H$aZm Am¡a b¢{JH$ CËnr‹S>Z H$s {eH$m`V AWdm Eogo {H$gr

AÝ` ‘m‘bo H$m {ZdmaU AWdm à{VVmof H$a ‘{hbmAm| H$mo

H$m`m©b` ‘| gwa{jV dmVmdaU àXmZ H$aZm h¡& ~¢H$ Ho$ g^r

H$‘©Mm[a`m| Zo ~¢H$ Ûmam H$m`m©pÝdV Bg Zr{V H$mo n‹T>-g‘P

{b`m h¡ VWm do Bggo AdJV h¢&

Bg A{Y{Z`‘ Ho$ AZwnmbZ ‘| ~¢H$ Zo H$m`©ñWb na

‘{hbmAm| Ho$ b¢{JH$ CËnr‹S>Z g§~§Yr KQ>ZmAm| H$s {eH$m`Vm|

na {dMma H$aZo Ho$ {bE A{Y{Z`‘ ‘| n[a^m{fV AZwgma

Am§V[aH$ g{‘{V(`m|) H$m JR>Z {H$`m h¡& g{‘{V(`m|)

H$s {Z`{‘V ~¡R>H|$ hþB© h¢ Am¡a ~¢H$ Ho$ g^r H$m`m©b`m|

Ho$ H$‘©Mm[a`m| Ho$ {bE Bg g§~§Y ‘| OmJê$H$Vm gÌm|

H$m Am`moOZ ^r {H$`m J`m& {dÎmr` df© 2018-19 Ho$

Xm¡amZ, Am§V[aH$ {eH$m`V g{‘{V(`m|) H$mo H$moB© {eH$m`V

Zht {‘br&


7070 dm{f©H$ [anmoQ>© 2018-19

Environmental, Social and Governance Framework

The Bank has in place a Board-approved

"Environment, Social and Governance (ESG) Policy".

The Bank is also a part of the deliberations led by

the Indian Banks Association (IBA) on a sustainability

framework for Banks. The IBA has appreciated the

efforts of the Bank, towards integrating ESG based

risk assessment into the credit appraisal process, as

well as making forward strides on aspects of green

investment using new modes of green finance. The

Bank has been promoting sustainable banking both

in India as well as internationally through its various

financing programmes. The Bank has been funding

projects in areas such as renewable energy, energy

efficiency, waste management, mass transportation,

and energy efficient transport. The Bank is also

promoting inclusive growth through its Grassroots

Initiatives and Development programme. It is

n`m©daUr`, gm‘m{OH$ Am¡a gwemgZ (B©EgOr) ’«o$‘dH©$

~¢H$ ‘| ~moS>© Ûmam AZw‘mo{XV ""n`m©daU, gm‘m{OH$ Am¡a

gwemgZ (B©EgOr)'' Zr{V bmJy h¡& EpŠµO‘ ~¢H$, ~¢H$m|

Ho$ {bE g§nmofr ’«o$‘dH©$ na ^maVr` ~¢H$ g§K (AmB©~rE)

H$s AJwAmB© dmbo ‘§M H$m ^r gXñ` h¡& AmB©~rE Zo F$U

‘yë`m§H$Z à{H«$`m ‘| B©EgOr AmYm[aV OmopI‘ {díbofU H$mo

em{‘b H$aZo Ho$ gmW-gmW J«rZ ’$m`Z|g Ho$ ZE VarH$m|

H$m BñVo‘mb H$aVo hþE h[aV {Zdoe H$s {Xem ‘| AmJo

~‹T>Zo Ho$ EpŠµO‘ ~¢H$ Ho$ à`mgm| H$s gamhZm H$s h¡& ~¢H$

AnZo {d{^ÝZ {dÎmnmofU H$m`©H«$‘m| Ho$ O[aE ^maV Am¡a

A§Vaamï´>r` ñVa na g§nmofr ~¢qH$J H$mo ~‹T>mdm Xo ahm h¡& ~¢H$

Aj` D$Om©, D$Om© XjVm, H$Mam à~§YZ, OZ n[adhZ

Am¡a H$‘ D$Om© H$s InV H$aZo dmbo n[adhZ Ho$ gmYZm|

O¡go joÌm| ‘| n[a`moOZmAm| H$m {dÎmnmofU H$a ahm h¡& ~¢H$

AnZo J«mgê$Q> CÚ‘ {dH$mg H$m`©H«$‘ Ho$ O[aE g‘mdoer

{dH$mg H$mo ^r ~‹T>mdm Xo ahm h¡& `h d¥{Õerb ê$n go

‘mZm Om ahm h¡ {H$ Obdm`w n[adV©Z H$s MwZm¡Vr ‘w§h ~mE

EpŠµO‘ ~¢H$ Zo ñdÀN>Vm nIdm‹S>o Ho$ Xm¡amZ Xoe^a ‘| g’$mB© A{^`mZ Am¡a d¥jmamonU A{^`mZm| H$m Am`moOZ {H$`m& Exim Bank organised clean-up drives and tree plantation drives across India, as part of the Swachhata Pakhwada.


increasingly being realised that climate change is

one of the most pressing challenges and therefore

an international collective action will be critical for

driving an effective, efficient and equitable response

to this challenge. The International Solar Alliance

(ISA) at this juncture, comes as an important step,

highlighting the need of the hour. It was launched

at the UN Climate Change Conference in Paris at

the end of 2015 by the President of France and the

Prime Minister of India. The Bank has conducted

a series of information dissemination exercises

through various interactive sessions across major

cities in India on the ISA.

The Bank has been reviewing its internal operations

for ESG-related parameters. The Bank has also

taken up electrical audit and associated measures

for optimising energy consumption. The Bank also

aims to minimise use of paper through digitisation

of workflows including circulation of agenda papers

for meetings, e-greetings, and e-invites for various

occasions and functions. Use of video / tele-

conferencing helps reduce the carbon footprint.

The Bank has also showcased its initiative of "Go

Green" by sapling plantation drives in housing

societies where the Bank provides accommodation

to staff members.

As an alternative to presenting bouquets at events,

donation certificates in the name of the recipient

for a social cause (such as Akshaya Patra) have

been introduced in the Bank. The Akshaya

Patra Foundation, a not-for-profit organisation

headquartered in Bengaluru, strives to fight

issues like hunger and malnutrition in India,

by implementing the mid-day meal scheme in

the government schools and government-aided

schools.

In line with Government of India’s 'Swachh Bharat

Mission', the staff of Bank participated in the

Versova beach clean-up drive in Mumbai with

I‹S>r h¡ Am¡a Bggo {ZnQ>Zo Ho$ {bE à^mdr, gj‘ Am¡a C{MV H$ma©dmB© Ho$ {bE A§Vaamï´>r` ñVa na gm‘y{hH$ à`mg H$aZm ‘hÎdnyU© hmoJm& Eogo ‘| A§Vaamï´>r` gm¡a JR>~§YZ (AmB©EgE) g‘`mo{MV ê$n go EH$ ‘hÎdnyU© H$X‘ Ho$ ê$n ‘| gm‘Zo Am`m h¡& 2015 ‘| no[ag ‘| hþE g§`w³V amï´> Obdm`w n[adV©Z gå‘obZ Ho$ Xm¡amZ ’«$m§g Ho$ amï´>n{V Am¡a ^maV Ho$ àYmZ‘§Ìr Ûmam BgH$s ewéAmV H$s JB©& AmB©EgE na gyMZm Ho$ àMma-àgma Ho$ {bE ~¢H$ Zo ^maV Ho$ à‘wI eham| ‘| MMm©naH$ gÌm| H$m Am`moOZ {H$`m&

~¢H$ B©EgOr g§~§Yr ‘mZH$m| Ho$ {bE AnZo Am§V[aH$

n[aMmbZm| H$s r g‘rjm H$a ahm h¡& ~¢H$ Zo D$Om© H$s InV

H$mo H$‘ H$aZo Ho$ {bE BbopŠQ´H$b Am°{S>Q> Ho$ gmW-gmW

AÝ` Cnm` r {H$E h¢& ~¢H$ ~¡R>H$m| H$s H$m`©gyMr Am°ZbmBZ

^oOZo Ho$ gmW-gmW B©-J«rqQ>J; Am¡a {d{^ÝZ Adgam| Ed§

g‘mamohm| Ho$ {bE B©-Am‘§ÌU nÌm| Ho$ ‘mÜ`‘ go H$mJO Ho$

à`moJ H$mo ^r KQ>m ahm h¡& dr{S>`mo / Q>o[bH$m°Ý’«o§$qgJ Ho$

à`moJ go H$m~©Z ’w$Q>qàQ> H$‘ H$aZo ‘| r ‘XX {‘br h¡& ~¢H$

Zo AnZo ñQ>m’$ gXñ`m| H$mo àXmZ {H$E Amdmgr¶ n[agam| ‘|

d¥jmamonU A{^`mZ MbmH$a AnZo ""Jmo J«rZ'' à`mgm| H$mo

~‹T>mdm {X`m h¡&

H$m`©H«$‘m| ‘| nwînJwÀN àXmZ H$aZo Ho$ {dH$ën Ho$ ê$n ‘| ~¢H$

Zo A{V{W Ho$ Zm‘ go gm‘m{OH$ H$m`m] (O¡go Aj` nmÌ) Ho$

{bE `moJXmZ à‘mU nÌ XoZm ewê$ {H$`m h¡& J¡a-bm^H$mar

g§JR>Z Aj` nmÌ ’$mC§S>oeZ gaH$mar Am¡a gaH$mar

ghm`Vm àmá$ñHy$bm| ‘| {‘S>-S>o ‘rb `moOZm MbmVo hþE

^maV ‘| ^yI Am¡a Hw$nmofU O¡gr g‘ñ`mAm| go {ZnQ>Zo Ho$

{bE à`mgaV h¡&

^maV gaH$ma Ho$ "ñdÀN> ^maV {‘eZ' Ho$ AZwê$n, ~¢H$

Ho$ ñQ>m’$ Zo ‘w§~B© ‘| dH$sb Am¡a n`m©daU H$m`©H$Vm©

lr A’$amoO emh Ho$ gmW {‘bH$a dgm}dm ~rM g’$mB©

A{^`mZ ‘| {hñgm {b`m& lr emh "g§`w³V amï´> n`m©daU

H$m`©H«$‘… X M¢{n`Z Am°’$ AW© Adm°S>© 2016' nmZo dmbo

nhbo ^maVr` h¢& EpŠµO‘ ~¢H$ Ho$ A{YH$m[a¶m| Am¡a CZHo$

n[aOZm| Zo dgm}dm ~rM go ßbmpñQ>H$ H$m H$B© Q>Z H$Mam

gm’$ H$aZo ‘| `moJXmZ {X¶m h¡& BgHo$ A{V[a³V, ~¢H$ Zo

dgmo©dm ~rM Am¡a Amgnmg ~Zo 52 em¡Mmb`m| Ho$ aIaImd

Ho$ {bE ^r gh¶moJ {X¶m h¡& Bg joÌ Ho$ H$ar~ 20,000

{Zdm{g`m| Ûmam amoOmZm BñVo‘mb hmoZo dmbo BZ em¡Mmb`m|

H$s ‘aå‘V AË`§V Amdí`H$ Wr&


7272 dm{f©H$ [anmoQ>© 2018-19

Mr. Afroz Shah, a lawyer and environment activist

based in Mumbai who is the first Indian recipient

of the highest international environmental

award by the UN Environment Programme:

the Champion of Earth Award for 2016.

Officers of Exim Bank and their kin have made

substantial contribution towards removing tonnes

of plastic waste from the Versova beach as a part

of this ongoing project. In addition to this, the Bank

has provided support to restoration and maintenance

of 52 toilets in and around the Versova beach.

These toilets, used by around 20,000 residents

from the area daily, were in dire need of restoration.

During the year, the Bank supported Bhagwan

Mahaveer Viklang Sahayata Samiti (BMVSS),

Jaipur, for an artificial limb fitment camp wherein

250 artificial limbs were provided to amputees

in Mozambique. BMVSS is the parent body of the

Jaipur foot / limb, the most widely used artificial

foot / limb in the world.

The Bank also leverages social media to reach out

to customers for campaigns, new developments

and achievements, among others. The platforms are

also avenues for stakeholders to provide feedback

and reach out to the Bank directly.

Fair Practices Code for Lenders

The Bank has in place, a Board approved policy on

Fair Practices Code for Lenders framed in line with

RBI guidelines. The policy is reviewed every year.

KYC, AML and CFT Measures of the Bank

The Bank has a policy approved by the Board on

‘Know your Customer (KYC) norms, Anti Money

Laundering (AML) standards, and Combating

Financing of Terrorism (CFT). The Policy conforms to

the RBI guidelines on this matter.

The KYC, AML & CFT policy covers:

a) Customer Acceptance Policy

EpŠµO‘ ~¢H$ Zo A§Vaamï´>r` `moJ {Xdg na ñQ>m’$ gXñ`m| Ho$ {bE `moJ H$m`©embm Am`mo{OV H$s& Exim BanWk organised a yoga workshop for staff on the International Yoga Day.

df© Ho$ Xm¡amZ, ~¢H$ Zo ^JdmZ ‘hmdra {dH$bm§J ghm`Vm

g{‘{V (~rE‘drEgEg), O`nwa H$mo gh`moJ àXmZ {H$`m&

`h gh`moJ ‘mo‹Ompå~H$ ‘| 250 H¥${Ì‘ A§J àXmZ H$aZo Ho$

{bE bJmE JE H¢$n Ho$ {bE àXmZ {H$`m J`m& ~rE‘drEgEg

O`nwa ’w$Q> H$s ‘yb g§ñWm h¡, {OgHo$ H¥${Ì‘ A§J Xw{Z`m^a

‘| g~go A{YH$ BñVo‘mb {H$E OmVo h¢&

~¢H$ AnZo A{^`mZm|, ZE KQ>ZmH«$‘m| Am¡a CnbpãY`m| go

AnZo J«mhH$m| H$mo AdJV H$amZo Ho$ {bE AÝ` Ho$ gmW-

gmW gmoeb ‘r{S>`m H$m r gXwn`moJ H$aVm h¡& o ßboQ>’$m°‘©

{d{^ÝZ njm| H$mo AnZm ’$sS>~¡H$ àXmZ H$aZo Am¡a ~¢H$ VH$

grYo nhþ§M ~ZmZo H$m ‘mÜ`‘ ^r h¢&

F$UXmVmAm| Ho$ {bE C{MV AmMma g§{hVm

~¢H$ ‘| ^maVr` [aµOd© ~¢H$ Ho$ {Xem{ZX}em| Ho$ AZwê$n

F$UXmVmAm| Ho$ {bE C{MV AmMma g§{hVm Ho$ g§~§Y ‘|

Zr{V {dÚ‘mZ h¡, Omo {ZXoeH$ ‘§S>b Ûmam AZw‘mo{XV h¡&

àË`oH$ df© Bg Zr{V H$s g‘rjm H$s OmVr h¡&

~¢H$ ‘| Ho$dmB©gr, EE‘Eb Ed§ grE’$Q>r Cnm`

~¢H$ ‘| maVr` [aµOd© ~¢H$ Ûmam Omar {Xem{ZX}em| Ho$ AZwê$n

"AnZo J«mhH$ H$mo Om{ZE (Ho$dmB©gr) ‘mZX§S>m|, YZemoYZ

{ZdmaU (EE‘Eb) ‘mZH$m| Am¡a AmV§H$dmX Ho$ {dÎmnmofU

H$m à{VamoY (grE’$Q>r)' na {ZXoeH$ ‘§S>b Ûmam AZw‘mo{XV

Zr{V h¡&

Ho$dmB©gr, EE‘Eb VWm grE’$Q>r Zr{V`m| ‘| {ZåZ{bpIV

em{‘b h¢:

H$) J«mhH$ ñdrH$m`©Vm Zr{V


b) Risk Management

c) Customer Identification Procedure

d) Monitoring of transactions

The Bank also has access to the Bankers Accuity

Database, an online database service which is

a product of one of the world's leading business

publishers, Reed Business Information, part of the

Reed Elsevier Group. It is a compliance database

for bankers. Accuity's enhanced Global Watch List

is a comprehensive collection of caution lists from

all major sanctioning bodies, law enforcement

agencies and financial regulators worldwide. All

the customers of the Bank are subjected to KYC

standards, which establish the identity of the

natural / legal person and those of the ‘beneficial

owners’. Implementation of KYC policies and

procedures covers identification of term deposit

holders, correspondent banks, recruitment of new

staff members and counter party identification

with regard to treasury transactions. The Bank

obtains data required for ensuring compliance by

its counter party banks with regard to KYC norms

through the Wolfsberg Group AML Questionnaire,

in line with international market practice. The Bank

also maintains information in respect of certain

transactions in accordance with the procedure and

manner as may be specified by the RBI and SEBI, as

the case may be, from time to time, and the records

are maintained for a period of ten years from the

date of the transaction. The Bank has appointed a

Principal Officer responsible for its KYC, AML and

CFT measures. The KYC, AML & CFT Policy is posted

on the Bank’s website.

Progress in Implemention of the Official Language

Policy

During the financial year, the Bank continued

its efforts to strengthen the implementation of

I) OmopI‘ à~§YZ

J) J«mhH$ nhMmZ à{H«$`m

K) g§ì`dhmam| H$s {ZJamZr

~¢H$ Ûmam ~¢H$am| Ho$ EŠ`wQ>r S>oQ>m~og H$mo ^r EpŠgg {H$`m

OmVm h¡, Omo {díd Ho$ à‘wI {~OZog àH$meZm| ‘| go EH$,

arS> Eëgr{d`a g‘yh H$s B©H$mB© "arS> {~OZog B§’$m°‘}eZ' H$s

EH$ Am°ZbmBZ S>oQ>m~og godm h¡& h ~¢H$am| Ho$ {bE AZwnmbZ

S>oQ>m~og h¡& EŠ`wQ>r H$s ½bmo~b dm°M{bñQ> H$m’$s ì`mnH$ h¡

Am¡a Bg‘| {díd Ho$ g^r à‘wI ‘§OyaH$Vm© {ZH$m`m|, H$mZyZ

àdV©Z EO|{g`m| Am¡a {dÎmr` {Z`m‘H$m| H$s MoVmdZr gy{M`m|

Ho$ g§J«h H$m g‘mdoe h¡& ~¢H$ Ho$ g^r J«mhH$m| H$mo Ho$dmB©gr

‘mZH$m| Ho$ AYrZ bm`m OmVm h¡& Bggo ñdm^m{dH$ ì`p³V/

H$mZyZr ì`{³V VWm '{hVH$mar ñdm{‘Ëd' H$s nhMmZ ‘|

‘XX {‘bVr h¡& Ho$dmB©gr Zr{V`m§ VWm à{H«$`mE§ gmd{Y

O‘m ImVmYmaH$m|, à{V{Z{Y ~¢H$m|, ZE ñQ>m’$ H$s ^Vu VWm

Q´>oOar g§ì`dhmam| go g§~§{YV à{Vnjr nm{Q©>`m| na ^r bmJy

H$s OmVr h¢& ~¢H$ AnZo H$mC§Q>a nmQ>u ~¢H$m| Ûmam Ho$dmB©gr

‘mZX§S>m| Ho$ g§~§Y ‘| AZwnmbZ gw{Z{üV H$amZo Ho$ {bE

A§Vaamï´>r` ~mOma nÕ{V Ho$ AZwê$n dmoëâg~J© J«wn EE‘Eb

àíZmdbr Ho$ ‘mÜ`‘ go Ano{jV S>mQ>m àmá H$aVm h¡& ~¢H$,

^maVr` [aµOd© ~¢H$ Am¡a go~r Ûmam {d{Z{X©ï> à{H«$`mAm| VWm

VarH$m| Ho$ AZwgma H${Vn` g§ì`dhmam| Ho$ ~mao ‘| [aH$m°S>©/

gyMZm r aIVm h¡ VWm o [aH$m°S>©, g§ì`dhma H$s VmarI go

Xg dfm] VH$ gwa{jV aIo OmVo h¢& ~¢H$ Zo Ho$dmB©gr, EE‘Eb

VWm grE’$Q>r Ho$ Cnm`m| Ho$ {bE EH$ ‘w»` A{YH$mar H$mo

{Z`w³V {H$`m h¡& Ho$dmB©gr, EE‘Eb Am¡a grE’$Q>r Zr{V H$mo

~¢H$ H$s do~gmBQ> na ^r aIm J`m h¡&

amO^mfm Zr{V Ho$ H$m`m©Ýd`Z ‘| àJ{V

{dÎmr` df© Ho$ Xm¡amZ, ~¢H$ Zo ^maV gaH$ma H$s amO^mfm

Zr{V Ho$ H$m`m©Ýd`Z H$mo gwÑ‹T> ~ZmZo Ho$ AnZo à`mgm| H$mo

Omar aIm& amO^mfm {d^mJ, J¥h ‘§Ìmb`, ^maV gaH$ma

go àmá {dÎmr` df© 2018-19 Ho$ dm{f©H$ H$m`©H«$‘ H$mo bú`m|

H$s àm{á Ho$ {bE ~ZmB© JB© bú`moÝ‘wI H$m`©-`moOZm Ho$

O[aE H$m`m©pÝdV {H$`m J`m& Bg g§~§Y ‘| ~¢H$ Ho$ àYmZ

H$m`m©b` Am¡a joÌr` H$m`m©b`m| H$s amO^mfm H$m`m©Ýd`Z

g{‘{V`m| Zo amO^mfm H$m`m©Ýd`Z ‘| àJ{V H$s {Z`{‘V ê$n

go g‘rjm Am¡a {ZJamZr H$s& A{YH$m[a`m| H$mo {hÝXr grIZo


7474 dm{f©H$ [anmoQ>© 2018-19

the Official Language Policy of the Government

of India. The Annual Programme for 2018-19,

received from the Department of Official Language,

Ministry of Home Affairs, Government of India, was

implemented through a target-oriented action plan.

Towards this end, Official Language Implementation

Committees at the Bank’s Head Office and Regional

Offices reviewed and monitored the progress on a

regular basis. A scheme offering incentives aimed at

encouraging officers to learn and use Hindi in their

day-to-day work is in place in the Bank. The Bank’s

in-house magazine, ‘Eximius’, includes a Hindi

section. A special issue of Eximius is brought out

as ‘Rajbhasha Visheshank’ on the occasion of Hindi

Day. Officers are encouraged to contribute articles

in Hindi and best original articles are rewarded. The

Bank has actively participated in the meetings of

Town Official Language Implementation Committees

and has encouraged its officers to participate in

the inter-bank Hindi competitions. During the year,

Hindi training needs of officers were identified and

Am¡a X¡{ZH$ H$m`m] ‘| {hÝXr Ho$ à`moJ H$mo àmoËgm{hV H$aZo

Ho$ CÔoí` go ~¢H$ ‘| àmoËgmhZ `moOZm bmJy h¡& ~¢H$ H$s J¥h

n{ÌH$m "EpŠµO{‘Ag' ‘| {hÝXr I§S> ^r h¡& {hÝXr {Xdg Ho$

Cnbú` ‘| EpŠµO{‘Ag H$m EH$ A§H$ amO^mfm {deofm§H$

Ho$ ê$n ‘| àH$m{eV {H$`m OmVm h¡& A{YH$m[a`m| H$mo {hÝXr

‘| AnZr aMZmE§ XoZo Ho$ {bE àmoËgm{hV {H$`m OmVm h¡

Am¡a gd©loð> ‘m¡{bH$ aMZmAm| H$mo nwañH¥$V {H$`m OmVm

h¡& ~¢H$ Zo ZJa amO^mfm H$m`m©Ýd`Z g{‘{V`m| H$s ~¡R>H$m|

‘| g{H«$`Vm go {hñgm {b`m Am¡a AnZo A{YH$m[a`m| H$mo

A§Va-~¢H$ {hÝXr à{V`mo{JVmAm| ‘| ~‹T>-M‹T>H$a {hñgm boZo

Ho$ {bE àmoËgm{hV {H$`m& df© Ho$ Xm¡amZ, A{YH$m[a`m| H$s

{hÝXr à{ejU Amdí`H$VmAm| H$mo {M{•V {H$`m J`m Am¡a

CÝh| {hÝXr ‘| H$m`©gmYH$ kmZ VWm àdrUVm àmá H$aZo hoVw

à{ejU Ho$ {bE Zm{‘V {H$`m J`m& `y{ZH$moS> Ho$ à`moJ H$mo

~‹T>mdm {X`m J`m Am¡a A{YH$m[a`m| H$mo H§$ß`yQ>a na {hÝXr ‘|

H$m‘ H$aZo Ho$ {bE CnbãY gm°âQ>do`am| / gw{dYmAm| H$m

à`moJ H$aZo Ho$ {bE à{ejU {X`m J`m&

^maV gaH$ma Ho$ {ZX}em| Ho$ AZwnmbZ ‘|, ~¢H$ ‘| 14 AJñV

go 14 {gV§~a, 2018 VH$ {hÝXr ‘mh ‘Zm`m J`m& {hÝXr

‘mh Ho$ Xm¡amZ {d{^ÝZ {hÝXr à{V`mo{JVmAm|, ì`m»`mZm|

EpŠµO‘ ~¢H$ Ho$ àYmZ H$m`m©b` Am¡a H$mobH$mVm, nwUo VWm ~|Jbyé joÌr` H$m`m©b`m| H$mo amO^mfm {hÝXr Ho$ loð> H$m`m©Ýd`Z Ho$ {bE g§~§{YV AnZr ZJa amO^mfm H$m`m©Ýd`Z g{‘{V`m| Ûmam gå‘m{ZV {H$`m J`m&

Exim Bank's head office and its regional offices at Kolkata, Bengaluru and Pune received awards by respective Town Official Language Implementation Committees for their commendable work in implementing Hindi language.


many officers were nominated for training to attain

working knowledge as well as proficiency in Hindi.

Use of Unicode was encouraged and officers were

given training to use software / facilities available

for working in Hindi on computers.

In pursuance of the Government’s directives, a

Hindi month commencing from August 14, 2018,

was celebrated in the Bank. Usage of Hindi was

encouraged during the Hindi month by organising

various Hindi competitions, talks and programmes.

Apart from this, the Bank launched the Rajbhasha

Portal, with the aim to make available all the material

related to the official language on a common

platform. The Bank maintains its corporate website

and a portal named Exim Mitra both in Hindi and

English, which are regularly updated for ensuring

wider dissemination of information on the Bank’s

programmes and services.

Hindi versions of all the issues of ‘Eximius Export

Advantage’, a quarterly publication of the Bank,

were published under the title ‘Eximius: Niryaat

Laabh’. Issues of ‘Agri Export Advantage’, a

bi-monthly publication of the Bank, were also

published in Hindi under the title ‘Krishi Niryaat

Laabh’, and is also translated in 10 other Indian

languages. In pursuance of Government of India’s

policy regarding increasing use of Hindi, new Hindi

books, particularly on foreign trade, commerce,

finance, banking, information technology and other

subjects, were added to the Bank’s library.

The Bank’s efforts for increasing the use of Hindi

for official purposes received recognition from

various authorities. The Bank’s head office, and

regional offices at Kolkata, Pune and Bengaluru

were awarded for commendable performance in

implementing the Official Language Policy by their

respective Town Official Language Implementation

Committees, constituted under the aegis of

Department of Official Language, Ministry of Home

Affairs, Government of India, ‘Krishi Niryaat Laabh’

Am¡a H$m`©H«$‘m| Ho$ Am`moOZ Ho$ ‘mÜ`‘ go {hÝXr Ho$ à`moJ

H$mo ~‹T>mdm {X`m J`m& BgHo$ Abmdm, ~¢H$ Zo amO^mfm

g§~§Yr g‘ñV gm‘J«r H$mo EH$ ßboQ>’$m°‘© na CnbãY H$amZo

Ho$ CÔoí` go EH$ amO^mfm nmoQ>©b bm°ÝM {H$`m& ~¢H$ H$s

H$m°nm}aoQ> do~gmBQ> Am¡a EpŠµO‘ {‘Ì nmoQ>©b XmoZm| {hÝXr Am¡a

A§J«oOr ‘| h¢, {OÝh| ~¢H$ Ho$ H$m`©H«$‘m| Am¡a godmAm| H$s gyMZm

H$m àgma gw{Z{üV H$aZo Ho$ {bE {Z`{‘V ê$n go AÚ{VV

{H$`m OmVm h¡&

~¢H$ Ho$ {V‘mhr àH$meZ "EpŠµO{‘Ag EŠgnmoQ>© ES>dm§Q>oO'

Ho$ g^r A§H$m| H$m {hÝXr ê$nm§VaU "EpŠµO{‘Ag: {Z`m©V

bm^' erf©H$ go àH$m{eV {H$`m J`m& ~¢H$ Ho$ {Û‘m{gH$

àH$meZ "EJ«r EŠgnmoQ>© ES>dm§Q>oO' Ho$ g^r A§H$m| H$m {hÝXr

ê$nm§VaU "H¥${f {Z`m©V bm^' erf©H$ go àH$m{eV {H$`m

J`m& {hÝXr Am¡a A§J«oOr Ho$ A{V[a³V BgH$m àH$meZ 10

AÝ` ^maVr` ^mfmAm| ‘| ^r {H$`m OmVm h¡& {hÝXr Ho$

àJm‘r à`moJ {df`H$ ^maV gaH$ma H$s Zr{V Ho$ AZwgma,

~¢H$ Ho$ nwñVH$mb` H$mo {dXoe ì`mnma, dm{UÁ`, {dÎmnmofU,

~¢qH$J, gyMZm àm¡Úmo{JH$s VWm AÝ` {df`m| na ZB© nwñVH$m|

go g‘¥Õ ~Zm`m J`m&

H$m`m©b`rZ CÔoí`m| Ho$ {bE {hÝXr Ho$ à`moJ H$mo ~‹T>mZo Ho$

~¢H$ Ho$ à`mgm| H$mo {d{^ÝZ àm{YH$m[a`m| Ûmam gamhm J`m&

~¢H$ Ho$ àYmZ H$m`m©b` Ho$ A{V[a³V H$mobH$mVm, nwUo Am¡a

~|Jbyé joÌr` H$m`m©b`m| H$mo amO^mfm {hÝXr ‘| gamhZr`

H$m`© {ZînmXZ Ho$ {bE amO^mfm {d^mJ, J¥h ‘§Ìmb`,

^maV gaH$ma Ho$ VËdmdYmZ ‘| J{R>V AnZr-AnZr ZJa

amO^mfm H$m`m©Ýd`Z g{‘{V`m| Ûmam nwañH¥$V {H$`m J`m&

{dÎmr` df© 2017-18 Ho$ {bE "H¥${f {Z`m©V bm^' H$mo {hÝXr

Ý`yOboQ>a loUr ‘| nrAmaEgAmB© Ûmam nwañH¥$V {H$`m J`m&

A{YH$m[a`m| H$mo {ZV ZE eãXm| go AdJV H$amZo Ho$ CÔoí`

go ~¢H$ Ho$ A{^Zd à`mg "eãXm| H$s ‘ob' H$mo Egmo{gEeZ

Am°µ’$ {~OZog H$å`y{ZHo$Q>g© Am°’$ B§{S>`m (E~rgrAmB©) Ûmam

{deof H$m°b‘ loUr ‘| nwañH¥$V {H$`m J`m&

gyMZm H$m A{YH$ma

gyMZm H$m A{YH$ma A{Y{Z`‘, 2005 ‘| n[a^m{fV

AZwgma, EpŠµO‘ ~¢H$ EH$ bmoH$ àm{YH$aU h¡ Am¡a Bg


7676 dm{f©H$ [anmoQ>© 2018-19

was awarded by PRSI under the Hindi newsletter

category for FY 2017-18. The Bank’s new initiative

‘Shabdon Ki Mail’, an innovative effort to familiarise

officers with Hindi words, was awarded by the

Association of Business Communicators of India

under the Special Column Category.

Right to Information

Exim Bank, as a public authority as defined in the

Right to Information (RTI) Act, 2005, is compliant with

the Act. Citizens of India may apply for information

under the provisions of the Act by communicating

the same to the Central Public Information Officer

of the Bank at Head Office, Mumbai or to the

Assistant Public Information Officers at the Bank’s

regional offices in India, as mentioned on the

Bank’s website. The Bank has complied with the

guidelines of the government authorities, issued

from time to time. During the financial year, the

Bank had received a total of 98 RTI applications

(including cases transferred by other public

authorities to Exim Bank) and responded within the

30 days permitted for response, under the RTI Act.

The Bank filed quarterly RTI returns on the portal

www.dsscic.nic.in during the year.

Joint Ventures

Global Procurement Consultants Ltd. (GPCL),

conceived and promoted by Exim Bank as a private

sector outfit in the year 1996, is a joint venture

between Exim Bank and 9 other reputed private and

public sector companies. GPCL was a pioneering

concept, brought to reality through a synergetic

partnership among industry leaders in sectors

such as agriculture, energy, industries, mining,

transportation, water resources and others. GPCL,

in the past year, has broadened its range of services

built around the procurement function to cover

areas such as bid advisory, procurement training,

e-procurement solutions, project identification, pre-

feasibility studies, preparation and review of reports,

functioning as a lender's engineer, undertaking due

A{Y{Z`‘ Ho$ àmdYmZm| Ho$ A§VJ©V ^maVr` ZmJ[aH$ gyMZm

àmá H$aZo Ho$ {bE ~¢H$ Ho$ bmoH$ gyMZm A{YH$mar, àYmZ

H$m`m©b` ‘w§~B© AWdm ghm`H$ bmoH$ gyMZm A{YH$m[a`m|,

^maV Ho$ joÌr` H$m`m©b`m| H$mo AnZo AmdoXZ ôO gH$Vo h¢&

BZHo$ nVo ~¢H$ H$s do~gmBQ> na CnbãY h¢& ~¢H$ Zo gaH$mar

àm{YH$m[a`m| Ûmam g‘`-g‘` na Omar {Xem{ZX}em| H$m

AZwnmbZ {H$`m h¡& {dÎmr` df© Ho$ Xm¡amZ, ~¢H$ H$mo Hw$b

98 AmaQ>rAmB© AmdoXZ àmá hþE ({OZ‘| AÝ` gmd©O{ZH$

àm{YH$m[a`m| Ûmam EpŠµO‘ ~¢H$ H$mo hñVm§V[aV ‘m‘bo ^r

em{‘b h¢) Am¡a AmaQ>rAmB© A{Y{Z`‘ Ho$ A§VJ©V {Z{X©ï>

AZwgma, 30 {XZm| H$s g‘`gr‘m Ho$ ^rVa BZHo$ Odm~ {XE

JE& ~¢H$ Zo Bg df© Ho$ Xm¡amZ www.dsscic.nic.in nmoQ>©b na

Ì¡‘m{gH$ AmaQ>rAmB© [aQ>Z© XmpIb {H$E&

g§`w³V CÚ‘

EpŠµO‘ ~¢H$ Ûmam df© 1996 ‘| {ZOr joÌ H$s g§ñWm

Ho$ ê$n ‘| ñWm{nV ½bmo~b àmoŠ`moa‘|Q> H$ÝgëQ>|Q²g {b.

(OrnrgrEb), EpŠµO‘ ~¢H$ VWm {ZOr Am¡a gmd©O{ZH$

joÌ H$s AÝ` 9 à{V{ð>V H§$n{Z`m| H$m EH$ g§`w³V CÚ‘ h¡&

OrnrgrEb EH$ ZdmoÝ‘ofr g§H$ënZm Wr, {OgH$s ñWmnZm

H¥${f, D$Om©, CÚmoJ, IZZ, n[adhZ, Ob g§gmYZ O¡go

joÌm| go Ow‹S>r AJ«Ur H§$n{Z`m| H$s ^mJrXmar ‘| H$s JB©

Wr& OrnrgrEb Zo JV df© AnZr àmoŠ`moa‘|Q> godmAm|

Ho$ Xmào H$mo ~‹T>m`m h¡, {OZ‘| ~mobr Ho$ {bE nam‘e©,

àmoŠ`moa‘|Q> à{ejU, B©-àmoŠ`moa‘|Q> gm°ë`yeZ, n[a`moOZm

H$s nhMmZ H$aZm, nyd© ì`dhm`©Vm AÜ``Z, [anmoQ>© V¡`ma

H$aZm Am¡a CZH$s g‘rjm H$aZm, F$UXmVm B§Or{Zà Ho$

ê$n ‘| H$m‘ H$aZm, n[a`moOZm H$s gå`H$ Om§M H$aZm,

n[a`moOZm H$s {ZJamZr H$aZm, ‘yë`m§H$Z, j‘Vm {Z‘m©U

VWm {Ûnjr` Ed§ ~hþnjr` F$UXmÌr EO|{g`m| H$mo {d{^ÝZ

godmE§ àXmZ H$aZm em{‘b h¢& {dÎmr` df© 2018-19 ‘|

` 13.12 {‘{b`Z Ho$ H$a nyd© bm^ Ho$ gmW H§$nZr Zo

` 54.20 {‘{b`Z H$s Am` XO© H$s&

~¢H$ Zo A’«$sH$m ‘| ~w{Z`mXr T>m§MmJV n[a`moOZmAm| Ho$

{dH$mg na Ü`mZ H|${ÐV H$aZo Ho$ {bE B§’«$mñQ´ŠMa brqOJ

E§S> ’$m`Z¢eb g{d©goO {b{‘Q>oS>, ^maVr` ñQ>oQ> ~¢H$ VWm


A’«$sH$s {dH$mg ~¢H$ Ho$ gmW {‘bH$a Hw$Hw$Om n[a`moOZm

{dH$mg H§$nZr (Ho$nrS>rgr) ñWm{nV H$s h¡& Ho$nrS>rgr H$s

àma§{^H$ ny±Or 25 {‘{b`Z `yEg S>m°ba h¡ VWm Cg ny±Or ‘|

~¢H$ H$m eo`a 4.88 {‘{b`Z yEg S>m°ba h¡& H§$nZr ‘m°areg

‘| n§OrH¥$V h¡ Am¡a BgH$m n[aMmbZ {dÎmr` df© 2017-18

go ewê$ hþAm h¡&

H§$~mo{S>`m, bmAmo nrS>rAma, å`m§‘ma Am¡a {d`VZm‘

(grEbE‘dr) ‘| ^maVr` {Zdoem| H$mo ~‹T>mdm XoZo Ho$ {bE

~¢H$ Zo dm{UÁ` {d^mJ, dm{UÁ` Ed§ CÚmoJ ‘§Ìmb` Ho$

nam‘e© go n[a`moOZm {dH$mg {Z{Y H$m ’«o$‘dH©$ V¡`ma {H$`m

h¡& Bg nhb Ho$ A§VJ©V, {dñV¥V n[a`moOZm [anmoQ>© Ho$

{bE H§$~mo{S>`m Am¡a å`m§‘ma ‘| ñdmñÏ` godm, å`m§‘ma ‘|

{ejm Am¡a {d`VZm‘ ‘| ’$m‘m©ñ`y{Q>H$b O¡go joÌm| ‘| Mma

n[a`moOZmAm| H$mo {M{•V {H$`m J`m h¡& {dñV¥V n[a`moOZm

[anmoQ>m] H$mo A§{V‘ ê$n {X`m Om MwH$m h¡& EpŠµO‘ ~¢H$ A~

BZ {dñV¥V n[a`moOZm [anmoQ>m] Ho$ AmYma na grEbE‘dr

joÌ ‘| n[a`moOZmAm| H$mo {H«$`mpÝdV H$aZo H$s à{H«$`m ‘| h¡&

`o n[a`moOZmE§ grEbE‘dr joÌ ‘| {deof {Z{Y`m§ (ñnoeb

nn©O ìhrH$b) ~ZmH$a ñWm{nV H$s OmE§Jr&

diligence of projects, project monitoring, evaluation,

capacity building and a variety of support services

to the bilateral and multilateral lending agencies.

The company recorded a total income of

` 54.20 million in FY 2018-19 with a pre-tax

profit of ` 13.12 million.

The Bank along with Infrastructure Leasing &

Financial Services Ltd., the State Bank of India and

the African Development Bank has set up Kukuza

Project Development Company (KPDC) to focus on

the development of infrastructure projects in Africa.

KPDC's initial capital is US$ 25 million and the

Bank's share in the capital is US$ 4.88 million. The

Company is registered in Mauritius and commenced

operations in FY 2017-18.

In order to catalyse Indian investments in Cambodia,

Lao PDR, Myanmar and Vietnam (CLMV), the Bank

in consultation with the Department of Commerce,

Ministry of Commerce and Industry, has developed

a framework of a Project Development Fund. Under

the initiative, four projects, in sectors like healthcare

in Cambodia and Myanmar, education in Myanmar

and pharmaceutical in Vietnam, had been identified

for preparation of Detailed Project Reports (DPRs).

The DPRs have since been finalised. Exim Bank

is now in the process of implementing projects in

the region based on the findings of the DPRs. The

projects will be set up by way of special purpose

vehicles to be set up in the CLMV region.


7878 dm{f©H$ [anmoQ>© 2018-19

nwañH$ma Am¡a gå‘mZ Awards and Accolades

EpŠµO‘ ~¢H$ H$mo npãbH$ [aboe§g gmogm`Q>r Am°’$ B§{S>`m go {d{^ÝZ lo{U`m| ‘| N>h nwañH$ma àXmZ {H$E JE&

Exim Bank won six awards in various categories from the Public Relations Society of India.

{dH$mg {dÎmr` g§ñWmAm| Ho$ b¡{Q>Z A‘o[aH$s g§K (EbrS>o) Ûmam g§nmofr {dH$mg {dÎmnmofU H$m`©H«$‘ H$s loUr ‘| EpŠµO‘ ~¢H$ H$mo ‘¡{S´>S>, ñnoZ ‘| Am`mo{OV 49dt Am‘ ~¡R>H$ Ho$ Xm¡amZ gå‘m{ZV {H$`m J`m&

Exim Bank was awarded in the category of Sustainable Financing Programme by Latin American Association of Development Financing Institutions (ALIDE) during its 49th General Assembly held in Madrid, Spain.

EpŠµO‘ ~¢H$ H$mo n`m©daU H$m`©H$Vm© lr A’$amoO emh Ho$ ‘w§~B© ‘| dgm}dm ~rM g’$mB© A{^`mZ ‘| moJXmZ Ho$ {bE g§`wº$ amï´> n`m©daU H$m`©H«$‘ Ho$ H$m`©H$mar {ZXoeH$ lr E[aH$ gmobho‘ Ûmam gå‘m{ZV {H$`m J`m&

Exim Bank was felicitated by Mr. Erik Solheim, Executive Director of the United Nations Environment Programme, for its contribution to the Versova beach clean-up drive in Mumbai.

E{e`m àem§V H$s {dH$mg {dÎmr` g§ñWmAm| Ho$ g§K (ES>{’$En) Ûmam EpŠµO‘ ~¢H$ H$mo BgH$s nhb "EpŠµO‘ ~mµOma' Ho$ {bE Amo‘mZ ‘| Am`mo{OV ES>{’$En H$s dm{f©H$ ~¡R>H$ Ho$ Xm¡amZ EgE‘B© {dH$mg loUr ‘| ‘o[aQ> nwañH$ma go ZdmOm J`m&

Exim Bank's initiative, Exim Bazaar received a merit award in the SME Development Category from Association of Development Financial Institutions in Asia and the Pacific (ADFIAP) during its annual meeting in Oman.

EpŠµO‘ ~¢H$ H$mo AnZo ZB© {Xëbr H$m`m©b` Ho$ {bE AmB©Or~rgr J«rZ B§Q>r[a`g© ßb¡{Q>Z‘ aoqQ>J go nwañH¥$V {H$`m J`m&

Exim Bank was awarded with the IGBC Green Interiors Platinum rating for its New Delhi office.


8080 dm{f©H$ [anmoQ>© 2018-19

To, The President of India Report on the Financial Statements

1. We have audited the accompanying financial

statements of the General Fund of the

Export-Import Bank of India (‘the Bank’),

which comprises of the Balance Sheet as at

31st March, 2019 and the Profit and Loss

Account and the Cash Flow Statement for the

year then ended and a summary of significant

accounting policies and other explanatory

information.

2. Incorporated in these financial statements are

the accounts of 1 foreign branch, 9 Regional

offices in India and 8 Representative offices

outside India. We have visited 2 Regional offices

for the purpose of audit and the same including

Head Office, accounts for 93% of Advances,

94% of Deposits and Borrowings, 96% of

Interest expense on Deposits and Borrowings.

We have not visited balance of the offices and

branches and have reviewed their accounts at

Head Office.

Management’s Responsibility for the Financial Statements

3. The Management of the Bank is responsible

for the preparation of the financial statements

in accordance with the Export-Import Bank of

India Act, 1981 (‘the Act’) and the Regulations

framed thereunder. This responsibility also

includes maintenance of adequate accounting

records in accordance with the provisions of the

Act for safeguarding of the assets of the Bank

and for preventing and detecting frauds and

other irregularities; selection and application

godm ‘|

^maV Ho$ amï´>n{V

{dÎmr` {ddaUm| na [anmoQ>©

1. h‘Zo ^maVr` {Z`m©V-Am`mV ~¢H$ ("~¢H$') H$s

gm‘mÝ` {Z{Y Ho$ {dÎmr` {ddaUm| H$s boIm narjm

H$a br h¡, {Og‘| `Wm 31 ‘mM©, 2019 H$mo

VwbZ-nÌ Ed§ bm^ Am¡a hm{Z boIo VWm C³V {V{W H$mo

g‘má df© Ho$ {bE ZH$Xr àdmh {ddaU Am¡a ‘hÎdnyU©

boIm§H$Z Zr{V`m| H$m gmam§e Ed§ AÝ` {ddaUmË‘H$

gyMZm em{‘b h¡&

2. BZ {dÎmr` {ddaUm| ‘| {dXoe pñWV 1 emIm, ^maV pñWV 9 joÌr` H$m`m©b`m| Am¡a {dXoe pñWV 8 à{V{Z{Y H$m`m©b`m| Ho$ boIo em{‘b h¢& h‘Zo boIm-narjm Ho$ CÔoí` go 2 joÌr` H$m`m©b`m| H$m Xm¡am {H$`m Am¡a nm`m {H$ A{J«‘m| H$m 93%, O‘m am{e`m| Am¡a CYm[a`m| H$m 94% VWm O‘m am{e`m| Am¡a CYm[a`m| na ã`mO H$m 96% àYmZ H$m`m©b` g{hV BZ XmoZm| joÌr` H$m`m©b`m| go ahm& eof H$m`m©b`m| Am¡a emIm Ho$ boIm| H$s g‘rjm h‘Zo CZH$m Xm¡am H$aZo Ho$ ~Om` àYmZ H$m`m©b` go hr H$s&

{dÎmr` {ddaUm| Ho$ {bE à~§YZ H$m CÎmaXm{`Ëd

3. ~¢H$ H$m à~§YZ BZ {dÎmr` {ddaUm| H$mo ^maVr`

{Z`m©V-Am`mV ~¢H$ A{Y{Z`‘, 1981 ("A{Y{Z`‘')

VWm CgHo$ AYrZ {da{MV {d{Z`‘m| H$s AnojmAm|

Ho$ AZwê$n V¡`ma H$aZo Ho$ {bE CÎmaXm`r h¡& Bg

CÎmaXm{`Ëd ‘|, ~¢H$ H$s AmpñV`m| H$mo gwajm àXmZ

H$aZo VWm YmoImY‹S>r Ed§ AÝ` A{Z`{‘VVmAm|

H$mo amoH$Zo Am¡a CZgo ~MZo Ho$ {bE A{Y{Z`‘ Ho$

àmdYmZm| Ho$ AZwê$n g‘w{MV boIm A{^boI aIZm;

C{MV boIm Zr{V`m| H$m M`Z Ed§ CZH$m AZwà`moJ;

C{MV Ed§ {ddoH$gå‘V AmH$bZ nÕ{V AnZmZm Am¡a

{ZU©` boZm; g‘w{MV Am§V[aH$ {dÎmr` n[aMmbZm| H$m

{ZYm©aU, H$m`m©Ýd`Z VWm CZH$m {Zdm©h H$aZm, Omo

INDEPENDENT AUDITOR’S REPORT

ñdV§Ì boIm narjH$m| H$s [anmoQ>©


of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statements, that give a true and fair view of the financial position, financial performance and the cash flows of the Bank and are free from material misstatement, whether due to fraud or error.

Auditor’s Responsibility

4. Our responsibility is to express an opinion on these financial statements based on our audit.

5. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

6. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Bank’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by the Bank’s Management, as well as evaluating the overall presentation of the financial statements.

{dÎmr` {ddaUm| H$mo V¡`ma H$aZo Am¡a CÝh| àñVwV H$aZo

Ho$ {bE Amdí`H$ boIm A{^boIm| H$s ewÕVm Am¡a

nyU©Vm gw{Z{üV H$aZo Ho$ {bE à^mdr ê$n go H$m‘

H$aVo h¢& `o {dÎmr` {ddaU {dÎmr` pñW{V, {dÎmr`

H$m`©{ZînmXZ Am¡a ~¢H$ Ho$ ZH$Xr àdmh H$s gË` Am¡a

Ý`m`g§JV pñW{V ~VmVo h¢ Am¡a BZ‘| YmoImY‹S>r AWdm

^ybde H$moB© {‘Ï`m H$WZ Zht h¡&

boIm narjH$ H$m CÎmaXm{`Ëd

4. h‘mam CÎmaXm{`Ëd BZ {dÎmr` {ddaUm| Ho$ ~mao ‘|

h‘mao Ûmam H$s JB© boIm narjm Ho$ AmYma na am`

XoZm h¡&

5. h‘Zo `h boIm narjm ^maVr` gZXr boImH$ma g§ñWmZ

Ûmam Omar boIm narjm ‘mZH$m| Ho$ AZwê$n H$s h¡& BZ

‘mZH$m| ‘| `h Ano{jV h¡ {H$ h‘ Z¡{VH$ AnojmAm| H$m

AZwnmbZ H$aVo hþE AnZr boIm narjm H$mo Bg àH$ma

{Zînm{XV Am¡a {Z`mo{OV H$a| Vm{H$ VH©$nyU© ê$n go `h

gw{Z{üV {H$`m Om gHo$ {H$ BZ {dÎmr` {ddaUm| ‘| {H$gr

àH$ma H$s H$moB© ‘hÎdnyU© gyMZm JbV Zht h¡&

6. boIm narjm Ho$ A§VJ©V {dÎmr` {ddaUm| ‘| am{e`m| Am¡a

àH$Q>rH$aU H$mo à‘m{UV H$aZo dmbo gmú`m| H$s narjU

Ho$ AmYma na Om§M H$aZm em{‘b hmoVm h¡& BgHo$ {bE

AnZmB© OmZo dmbr à{H«$`m nyU©V`m boIm narjH$m| Ho$

{ZU©` na {Z^©a h¡, {Og‘| ‘hÎdnyU© {ddaUm| Ho$ g§~§Y

‘| YmoImY‹S>r AWdm ^ybde ^«m‘H$ {‘Ï`mH$WZ Ho$

OmopI‘m| H$m ‘yë`m§H$Z H$aZm em{‘b h¡& BZ OmopI‘m|

H$m ‘yë`m§H$Z H$aVo g‘` boIm-narjH$ ~¢H$ Ho$

{dÎmr` {ddaUm| H$mo V¡`ma H$aZo Am¡a CZHo$ Ý`m`g§JV

àñVw{VH$aU go g§~§{YV Am§V[aH$ n[aMmbZm| na {dMma

H$aVm h¡, Vm{H$ n[apñW{V`m| Ho$ AZwgma g‘w{MV boIm

à{H«$`m AnZmB© Om gHo$& boIm narjm ‘|, ~¢H$ Ho$ à~§YZ

Ûmam {H$E JE boIm AmH$bZm| ‘| à`w³V boIm Zr{V`m|

H$s Cn`wº$Vm Am¡a Vm{H©$H$Vm Ho$ gmW-gmW {dÎmr`

{ddaUm| Ho$ g‘J« àñVw{VH$aU H$m ‘yë`m§H$Z H$aZm ^r

em{‘b h¡&


8282 dm{f©H$ [anmoQ>© 2018-19

7. h‘| {dídmg h¡ {H$ boImnarjm Ho$ {bE h‘mao Ûmam

àmá {H$E JE gmú` n`m©á Am¡a g‘w{MV h¢ VWm

h‘mao boIm narjm A{^‘V Ho$ {bE VH©$g§JV

AmYma àXmZ H$aVo h¢&

A{^‘V

8. h‘mar am` Am¡a gdm}Îm‘ OmZH$mar VWm h‘|

{XE JE ñnï>rH$aU Ho$ AZwgma C³V {dÎmr¶

{ddaU, A{Y{Z`‘ VWm CgHo$ A§VJ©V {da{MV

{d{Z`‘m| H$s AnojmAm| Ho$ AZwê$n h¢ VWm

^maV ‘| gm‘mÝ`V… ñdrH¥$V boIm ‘mZH$m|

Ho$ AZwê$n gË` Am¡a ghr pñW{V àX{e©V

H$aVo h¢:

(i) `Wm 31 ‘mM©, 2019 H$mo ~¢H$ H$s gm‘mÝ`

{Z{Y Ho$ VwbZ-nÌ Ho$ ‘m‘bo ‘|;

(ii) `Wm 31 ‘mM©, 2019 H$mo g‘má df© Ho$ {bE

bm^ Am¡a hm{Z boIm Ho$ ‘m‘bo ‘|;

(iii) Wm 31 ‘mM©, 2019 H$mo g‘má df© Ho$ {bE

ZH$Xr àdmh {ddaUr Ho$ ‘m‘bo ‘|&

AÝ` {d{YH$ VWm {d{Z`m‘H$ ‘m‘bm| na [anmoQ>©

9. VwbZ nÌ, bm^ Am¡a hm{Z ImVm VWm ZH$Xr

àdmh {ddaU A{Y{Z`‘ VWm CgHo$ A§VJ©V

{da{MV {d{Z`‘m| Ho$ àmdYmZm| Ho$ AZwê$n V¡`ma

{H$E JE h¢&

10. h‘ `h [anmoQ>© H$aVo h¢ {H$…

(i) boIm narjm Ho$ {bE h‘mar A{YH$V‘

OmZH$mar Am¡a {dœmg Ho$ AZwgma Omo VÏ`

Am¡a ñnï>rH$aU Amdí`H$ Wo, do g~ h‘Zo

àmá {H$E h¢ Am¡a do g§VmofOZH$ h¢&

(ii) ~¢H$ Ho$ g§ì`dhma, Omo h‘mao g§kmZ ‘| AmE h¢,

~¢H$ H$s e{³V`m| Ho$ AÝXa h¢&

7. We believe that the audit evidence we have

obtained is sufficient and appropriate to provide

a basis for our audit opinion.

Opinion

8. In our opinion and to the best of our information

and according to the explanations given to us,

the said financial statements, give the

information in accordance with the requirements

of the Act and the Regulations framed

thereunder and give a true and fair view in

conformity with the accounting principles

generally accepted in India:

(i) In the case of the Balance Sheet, of the state

of affairs of the General Fund of the Bank as

at 31st March, 2019;

(ii) In the case of the Profit and Loss

Account, of the profit for the year ended

31st March, 2019; and

(iii) In the case of the Cash Flow Statement,

of the cash flows for the year ended

31st March, 2019.

Report on Other Legal and Regulatory Matters

9. The Balance Sheet, the Profit and Loss Account

and the Cash Flow Statement have been drawn

up in accordance with the provisions of the Act

and the Regulations framed thereunder.

10. We report that:

(i) We have obtained all the information and

explanations which, to the best of our

knowledge and belief, were necessary for

the purpose of our audit and have found

them to be satisfactory.

(ii) The transactions of the Bank, which have

come to our notice, have been within the

powers of the Bank.


11. In our opinion, the Balance Sheet, Profit and Loss

Account and Cash Flow Statement comply with

the mandatory Accounting Standards issued by the Institute of Chartered Accountants of India.

12. We further report that:

(i) The Balance Sheet and Profit and Loss Account dealt with by this report, are in agreement with the books of account and the returns.

(ii) In our opinion, proper books of accounts as required by law have been kept by the Bank so far as appears from our examination of those books.

11. h‘mar am` ‘| VwbZ nÌ, bm^ Am¡a hm{Z boIm VWm

ZH$Xr àdmh {ddaUr ^maVr` gZXr boImH$ma

g§ñWmZ Ûmam Omar A{Zdm`© boIm ‘mZH$m| Ho$

AZwê$n h¢&

12. h‘ `h ^r [anmoQ>© H$aVo h¢ {H$…

(i) Bg [anmoQ>© ‘| àñVwV VwbZ nÌ VWm bm^-hm{Z

boIm ~¢H$ H$s boIm ~{h`m| Am¡a {dda{U`m| Ho$

AZwê$n h¢&

(ii) h‘mao {dMma ‘| Am¡a h‘mao narjU Ho$ AmYma na

~¢H$ Ûmam {d{Y {ZYm©[aV AZwgma BZ ~{h`m| H$m

C{MV A{^boI aIm J`m h¡&

For JCR & CO. Chartered Accountants Firm Registration No.105270W

CA RACHITA SALHOTRA PARTNER

Membership No.100919

UDIN: 19100919AAAAAJ6772

Mumbai, 23rd May, 2019

H¥$Vo OogrAma E§S> H§$.

gZXr boImH$ma

’$‘© a{OñQ´>oeZ g§»`m 105270W

grE a{MVm gmëhmoÌm nmQ>©Za

gXñ`Vm g§. 100919

¶yS>rAmB©EZ: 19100919AAAAAJ6772

‘w§~B©, 23 ‘B©, 2019


8484 dm{f©H$ [anmoQ>© 2018-19

Bg df© (`Wm 31.03.2019 H$mo)

`

JV df© (`Wm 31.03.2018 H$mo)

`

Xo`VmE§ AZwgy{M¶m§

1. ny±Or I 123,593,663,881 73,593,663,881

2. Ama{jV {Z{Y`m§ II 23,142,671,603 22,407,896,155

3. bm^ Am¡a hm{Z ImVm III 81,700,000 -

4. ZmoQ>, ~m°ÝS> Ed§ {S>~|Ma 779,195,625,139 865,817,469,885

5. Xo` {~b - -

6. O‘m am{e`m§ IV 2,527,597,036 2,860,514,358

7. CYma am{e`m§ V 141,317,894,176 172,972,652,705

8. Mmby Xo`VmE§ Ed§ AmH$pñ‘H$VmAm| hoVw àmdYmZ 32,992,875,864 57,705,066,214

9. AÝ` Xo`VmE§ 43,402,455,079 39,832,319,272

`moJ 1,146,254,482,778 1,235,189,582,470

AmpñV`m§1. ZH$Xr Ed§ ~¢H$ eof VI 42,119,521,997 28,154,996,173

2. {Zdoe VII 93,273,853,320 56,969,220,517

3. F$U Ed§ A{J«‘ VIII 929,171,509,101 1,046,570,568,346

4. ^wZmò Jò/nwZ… ^wZmò Jò {d{Z‘` {~b Am¡a dMZ nÌ IX 7,000,000,000 28,750,000,000

5. AMb AmpñV`m§ X 2,277,439,560 1,259,022,689

6. AÝ` AmpñV`m§ XI 72,412,158,800 73,485,774,745

`moJ 1,146,254,482,778 1,235,189,582,470

AmH$pñ‘H$ Xo`VmE§i) ñdrH¥${V`m§, Jma§{Q>`m§, nam§H$Z VWm AÝ` Xm{`Ëd 130,545,759,983 116,927,666,502

ii) dm`Xm {d{Z‘` g¨{dXmAm| H$s ~H$m`m am{e`m| na 1,527,375,944 2,929,986,250

iii) hm‘rXmar dMZ~ÕVmAm| na - -

iv) A§eV… àXÎm {Zdoem| na AZmhÿV Xo`VmE§ 165,294,180 163,491,675

v) ~¢H$ na Xmdo {OÝh| F$U Ho$ ê$n ‘| ñdrH$ma Zht {H$`m J`m h¡ 7,216,381,446 2,305,300,000

vi) g¨J«hU Ho$ {bE {~b - -

vii) gh^m{JVm à‘mU-nÌm| na - -

viii) ^wZmò Jò/nwZ… ^wZmE JE {~b - -

ix) AÝ` am{e`m§ {OZHo {bE ~¢H$ AmH$pñ‘H$ ê$n go {Oå‘oXma h¡ 12,223,083,677 15,771,727,879

`moJ 151,677,895,230 138,098,172,306

"boIm| na {Q>ßn{U`m§' g¨b¾ h¢&

`Wm 31 ‘mM©, 2019 H$mo VwbZ-nÌgm‘mÝ¶ {Z{Y

~moS>© Ho$ {bE Am¡a CZH$s Amoa go



lr XrZ~§Yw ‘hmnmÌ lr‘Vr JrVm ‘wabrYa lr aOZre Hw$‘ma

S>m°. E‘. S>r. nmÌm lr {~ÚwV {~hmar ñd¡Z

h‘mar g‘ {XZm§H$ H$s g¨b¾ [anmoQ>© Ho$ AZwgmaH¥$Vo OogrAma E§S> H§$nZrgZXr boImH$ma’$‘© a{O. Z§. 105270 S>ãë`y

(E’$grE a[MVm gmëhmoÌm)nmQ>©ZaE‘. g§. 100919

ZB© {Xëbr, 23 ‘B©, 2019


This year (As at 31.03.2019)

`

Previous year (As at 31.03.2018)

`

LIABILITIES SCHEDULES

1. Capital I 123,593,663,881 73,593,663,881

2. Reserves II 23,142,671,603 22,407,896,155

3. Profit and Loss Account III 81,700,000 -

4. Notes, Bonds and Debentures 779,195,625,139 865,817,469,885

5. Bills Payable - -

6. Deposits IV 2,527,597,036 2,860,514,358

7. Borrowings V 141,317,894,176 172,972,652,705

8. Current Liabilities and Provision for Contingencies 32,992,875,864 57,705,066,214

9. Other Liabilities 43,402,455,079 39,832,319,272

Total 1,146,254,482,778 1,235,189,582,470

ASSETS

1. Cash and Bank Balances VI 42,119,521,997 28,154,996,173

2. Investments VII 93,273,853,320 56,969,220,517

3. Loans and Advances VIII 929,171,509,101 1,046,570,568,346

4. Bills of Exchange and Promissory Notes Discounted/Rediscounted IX 7,000,000,000 28,750,000,000

5. Fixed Assets X 2,277,439,560 1,259,022,689

6. Other Assets XI 72,412,158,800 73,485,774,745

Total 1,146,254,482,778 1,235,189,582,470

CONTINGENT LIABILITIES

i) Acceptances, Guarantees, Endorsements and other obligations 130,545,759,983 116,927,666,502

ii) On outstanding forward exchange contracts 1,527,375,944 2,929,986,250

iii) On underwriting commitments - -

iv) Uncalled Liability on partly paid investments 165,294,180 163,491,675

v) Claims on the Bank not acknowledged as debts 7,216,381,446 2,305,300,000

vi) Bills for collection - -

vii) On participation certificates - -

viii) Bills Discounted/Rediscounted - -

ix) Other monies for which the Bank is contingently liable 12,223,083,677 15,771,727,879

Total 151,677,895,230 138,098,172,306

'Notes to Accounts' attached.

BALANCE SHEET AS AT 31ST MARCH, 2019GENERAL FUND

For and on behalf of the Board


Shri David RasquinhaManaging Director

Shri Dinabandhu Mohapatra Smt. Geetha Muralidhar Shri Rajnish Kumar

Dr. M. D. Patra Shri Bidyut Behari Swain

As per our attached report of even date For JCR & Co. Chartered Accountants Firm Regn. No. 105270W

(FCA Rachita Salhotra) PartnerM. No. 100919

New Delhi, May 23, 2019


8686 dm{f©H$ [anmoQ>© 2018-19

31 ‘mM©, 2019 H$mo g‘má df© Ho$ {bE bm^ Am¡a hm{Z boImgm‘mÝ¶ {Z{Y

ì`` Bg df©`

JV df©`

AZwgy{M¶m§

1. ã`mO 67,567,208,278 65,862,992,191

2. F$U ~r‘m, ewëH$ Ed§ à^ma 622,762,019 540,074,685

3. ñQ>mµ’$ Ho$ doVZ, ^Îmo Am{X Am¡a godm§V bm^ 583,511,306 488,732,271

4. {ZXoeH$m| Ed§ g{‘{V Ho$ gXñ`m| H$s ’$sg VWm ì`` - -

5. boIm narjm H$s ’$sg 1,178,100 1,008,000

6. ^m‹S>m, H$a, {~Obr Am¡a ~r‘m àr{‘`m 199,807,641 247,951,472

7. g¨Mma {df`H$ ì`` 37,883,597 35,038,993

8. {d{Y {df`H$ ì`` 95,803,770 67,774,140

9. AÝ` ì`` XII 920,863,831 1,043,004,526

10. ‘yë`ömg 255,794,954 184,786,313

11. F$U hm{Z`m|/AmH$pñ‘H$VmAm|, {Zdoem| na ‘yë`ömg Ho$ {bE àmdYmZ 18,806,011,033 61,609,573,457

12. ZrMo bo Om`m J`m bm^ 1,874,913,938 (42,298,164,654)

`moJ 90,965,738,467 87,782,771,394

Am`H$a Ho$ {bE àmdYmZ [AmñW{JV H$a am{e ` 511,262,518 g{hV (JV df© AmñW{JV H$a am{e ` 14,706,937,458)]

1,058,438,490 (13,060,861,683)

VwbZ-nÌ ‘| A§V[aV eof bm^ 816,475,448 (29,237,302,971)

1,874,913,938 (42,298,164,654)

Am¶

1. ã`mO Am¡a ~Q²>Q>m XIII 87,265,632,379 82,383,628,713

2. {d{Z‘`, H$‘reZ, ~«moH aoO Am¡a ’$sg 2,553,741,219 3,849,952,278

3. AÝ` Am` XIV 1,146,364,869 1,549,190,403

`moJ 90,965,738,467 87,782,771,394

ZrMo bm¶m J¶m bm^ 1,874,913,938 (42,298,164,654)

nyd©dVu dfm] H$s Am{Y³` Am`/ã`mO-H$a àmdYmZ H$m à{VboIZ - -

1,874,913,938 (42,298,164,654)

"boIm| na {Q>ßn{U`m§' g¨b¾ h¢&








ZB© {Xëbr, 23 ‘B©, 2019










GENERAL FUND

EXPENDITURE This year`

Previous year`

SCHEDULES

1. Interest 67,567,208,278 65,862,992,191

2. Credit Insurance, Fees and Charges 622,762,019 540,074,685

3. Staff Salaries, Allowances, etc. and Terminal Benefits 583,511,306 488,732,271

4. Directors' and Committee Members' Fees and Expenses - -

5. Audit Fees 1,178,100 1,008,000

6. Rent, Taxes, Electricity and Insurance Premia 199,807,641 247,951,472

7. Communication Expenses 37,883,597 35,038,993

8. Legal Expenses 95,803,770 67,774,140

9. Other Expenses XII 920,863,831 1,043,004,526

10. Depreciation 255,794,954 184,786,313

11. Provision for loan losses/contingencies, depreciation on investments 18,806,011,033 61,609,573,457

12. Profit carried down 1,874,913,938 (42,298,164,654)

Total 90,965,738,467 87,782,771,394

Provision for Income Tax [including Deferred tax of ` 511,262,518 (previous year - Deferred tax credit of ` 14,706,937,458)]

1,058,438,490 (13,060,861,683)

Balance of Profit transferred to Balance Sheet 816,475,448 (29,237,302,971)

1,874,913,938 (42,298,164,654)INCOME

1. Interest and Discount XIII 87,265,632,379 82,383,628,713

2. Exchange, Commission, Brokerage and Fees 2,553,741,219 3,849,952,278

3. Other Income XIV 1,146,364,869 1,549,190,403

Total 90,965,738,467 87,782,771,394

Profit brought down 1,874,913,938 (42,298,164,654)

Excess Income/Interest tax provision of earlier years written back - -

1,874,913,938 (42,298,164,654)

'Notes to Accounts' attached.

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2019


8888 dm{f©H$ [anmoQ>© 2018-19

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JV df© (`Wm 31.03.2018 H$mo)

`

AZwgyMr I: ny±Or:1. àm{YH¥$V 200,000,000,000 100,000,000,000

2. {ZJ©{‘V Ed§ àXÎm… (Ho$ÝÐr` gaH$ma Ûmam nyU©V… A{^XÎm)

123,593,663,881 73,593,663,881

AZwgyMr II: Ama{jV {Z{Y`m§: 1. Ama{jV {Z{Y 7,547,352,539 6,812,577,0912. gm‘mÝ` Ama{jV am{e`m§ - - 3. AÝ` Ama{jV am{e`m§:

{Zdoe CVma-M‹T>md Ama{jV {Z{Y - -

F$U emoYZ {Z{Y (F$U-ì`dñWmE§) 1,955,319,064 1,955,319,0644.

Am`H$a A{Y{Z`‘, 1961 H$s Ymam 36(1)

(viii) Ho$ AYrZ {deof Ama{jV am{e 13,640,000,000 13,640,000,000

23,142,671,603 22,407,896,155

AZwgyMr III: bm^ Am¡a hm{Z boIm:1. n[a{eï> ‘| C{„pIV boIm Ho$ AZwgma eof 816,475,448 (29,237,302,971) 2. KQ>mE§: {d{Z`moOZ…

- Ama{jV {Z{Y H$mo A§V[aV 734,775,448 (29,237,302,971)

- {Zdoe CVma-M‹T>md Ama{jV {Z{Y H$mo A§V[aV - -

- F$U emoYZ {Z{Y H$mo A§V[aV - -

- Am`H$a A{Y{Z`‘, 1961 H$s Ymam 36(1)

(viii) Ho$ AYrZ {deof Ama{jV {Z{Y H$mo A§V[aV

- -

3. {Zdb bm^ H$m eof (EpŠµO‘ ~¢H$ A{Y{Z`‘, 1981 H$s Ymam 23 (2) Ho$ AZwgma H|$Ð gaH$ma - -H$mo A§VaUr`) 81,700,000 -

AZwgyMr IV: O‘m am{e`m§:(H$) ^maV ‘| 2,527,597,036 2,860,514,358

(I) ^maV Ho$ ~mha - -

2,527,597,036 2,860,514,358

VwbZ-nÌ H$s AZwgy{M`m§ gm‘mÝ¶ {Z{Y



`


`

Schedule I: Capital: 1. Authorised 200,000,000,000 100,000,000,000

2. Issued and Paid-up:(Wholly subscribed by the Central Government) 123,593,663,881 73,593,663,881

Schedule II: Reserves: 1. Reserve Fund 7,547,352,539 6,812,577,0912. General Reserve - - 3. Other Reserves:

Investment Fluctuation Reserve - - Sinking Fund (Lines of Credit) 1,955,319,064 1,955,319,064

4. Special Reserve u/s 36(1)(viii) of the Income Tax Act,1961 13,640,000,000 13,640,000,000

23,142,671,603 22,407,896,155

Schedule III: Profit and Loss Account:1. Balance as per annexed accounts 816,475,448 (29,237,302,971) 2. Less: Appropriations:

- Transferred to Reserve Fund 734,775,448 (29,237,302,971)- Transferred to Investment Fluctuation Reserve - - - Transferred to Sinking Fund - - - Transferred to Special Reserve u/s 36(1)(viii) of the Income Tax Act,1961 - -

3. Balance of the net profits (Transferable to the Central Government in terms of Section 23(2) of the Exim Bank Act,1981) - -

81,700,000 -

Schedule IV: Deposits:(a) In India 2,527,597,036 2,860,514,358(b) Outside India - -

2,527,597,036 2,860,514,358

SCHEDULES TO THE BALANCE SHEETGENERAL FUND


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JV df© (`Wm 31.03.2018 H$mo)

`

AZwgyMr V: CYma am{e`m§:

1. ^maVr` [aµOd© ~¢H$ go:(H$) Ý`mgr à{V^y{V`m| na - -

(I) {d{Z‘` {~bm| na - -

(J) amï´>r` Am¡Úmo{JH$ F$U (XrKm©d{Y n[aMmbZ) {Z{Y go

- -

2. ^maV gaH$ma go - -

3. AÝ` òmoVm| go…

(H$) ^maV ‘| 27,123,472,225 30,464,595,133

(I) ^maV Ho$ ~mha 114,194,421,951 142,508,057,572

141,317,894,176 172,972,652,705

AZwgyMr VI: ZH$Xr Ed§ ~¢H$ ‘| eof:

1. hmW ‘| ZH$Xr 302,849 267,322

2. ^maVr` [aµOd© ~¢H$ ‘| eof 196,634,111 1,062,376,412

3. AÝ` ~¢H$m| ‘| eof:

(H$) ^maV ‘|

i) Mmby ImVm| ‘| 3,953,389,463 2,753,482,451

ii) AÝ` O‘m ImVm| ‘| - 265,000,000

(I) ^maV Ho$ ~mha 37,359,518,285 24,073,869,988

4. ‘m§J Am¡a Aën gyMZm na à{VXo` am{e/ gr~rEbAmo/Q´>oßg Ho$ A§VJ©V F$U

609,677,289

-

42,119,521,997 28,154,996,173



`


`

Schedule V: Borrowings:

1. From Reserve Bank of India:a) Against Trustee Securities - - b) Against Bills of Exchange - - c) Out of the National Industrial Credit (Long Term Operations) Fund

- -

2. From Government of India - -

3. From Other Sources:a) In India 27,123,472,225 30,464,595,133b) Outside India 114,194,421,951 142,508,057,572

141,317,894,176 172,972,652,705

Schedule VI: Cash and Bank Balances:

1. Cash in Hand 302,849 267,322

2. Balance with Reserve Bank of India 196,634,111 1,062,376,412

3. Balances with other Banks:a) In India i) In current accounts 3,953,389,463 2,753,482,451 ii) In other deposit accounts - 265,000,000b) Outside India 37,359,518,285 24,073,869,988

4. Money at call and short notice/Lending under CBLO/TREPS

609,677,289

-

42,119,521,997 28,154,996,173


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`

AZwgyMr VII: {Zdoe:(‘yë` ‘| ömg H$m {Zdb, `{X H$moB© h¡)

1. Ho$ÝÐ Am¡a amÁ` gaH$mam| H$s à{V^y{V`m¨ 81,344,461,703 38,985,454,430

2. Bp³dQ>r eoà Am¡a ñQ>m°H$ 1,967,495,698 3,147,214,811

3. A{Y‘mZ eoà Ed§ ñQ>m°H$ - 259,796,800

4. ZmoQ>, {S>~|Ma Ed§ ~m°ÝS> 9,961,895,919 14,076,754,476

5. AÝ` - 500,000,000

93,273,853,320 56,969,220,517

AZwgyMr VIII: F$U Ed§ A{J«‘:

1. {dXoer gaH$ma| 396,124,617,822 347,918,475,333

2. ~¢H$:(H$) ^maV ‘| 52,321,250,028 183,265,470,679


3. {dÎmr` g¨ñWmE§:(H$) ^maV ‘| - -

(I) ^maV Ho$ ~mha 34,620,875,511 31,726,150,308

4. AÝ` 446,104,765,740 483,660,472,026

929,171,509,101 1,046,570,568,346

AZwgyMr IX: ^wZmò Jò/nwZ… ^wZmò Jò {d{Z‘` {~b Am¡a dMZ-nÌ:

(H$) ^maV ‘| 7,000,000,000 28,750,000,000


7,000,000,000 28,750,000,000



`


`

Schedule VII: Investments:(net of diminution in value, if any)

1. Securities of Central and State Governments

81,344,461,703

38,985,454,430

2. Equity Shares and Stocks 1,967,495,698 3,147,214,811

3. Preference Shares and Stocks - 259,796,800

4. Notes, Debentures and Bonds 9,961,895,919 14,076,754,476

5. Others - 500,000,000

93,273,853,320 56,969,220,517

Schedule VIII: Loans and Advances:

1. Foreign Governments 396,124,617,822 347,918,475,333

2. Banks:a) In India 52,321,250,028 183,265,470,679b) Outside India - -

3. Financial Institutions:a) In India - - b) Outside India 34,620,875,511 31,726,150,308

4. Others 446,104,765,740 483,660,472,026

929,171,509,101 1,046,570,568,346

Schedule IX: Bills of Exchange and Promissory Notes Discounted/Rediscounted:

a) In India 7,000,000,000 28,750,000,000b) Outside India - -

7,000,000,000 28,750,000,000


9494 dm{f©H$ [anmoQ>© 2018-19

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JV df© (`Wm 31.03.2018 H$mo)

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AZwgyMr X: AMb AmpñV`m¨:(bmJV na ‘yë`ömg KQ>mH$a)

1. n[agagH$b am{e (AmJo bm`m J`m) 2,091,500,834 2,064,028,557 df© Ho$ Xm¡amZ n[adÕ©Z 1,164,161,043 29,133,407 df© Ho$ Xm¡amZ {ZnQ>mZ 140,276,156 1,661,130 df© Ho$ A§V ‘| gH$b am{e 3,115,385,721 2,091,500,834 g¨{MV ömg 1,028,424,172 1,008,738,347 {Zdb am{e 2,086,961,549 1,082,762,487

2. AÝ`gH$b am{e (AmJo bm`m J`m) 1,036,641,903 1,013,059,162 df© Ho$ Xm¡amZ n[adÕ©Z 147,843,319 121,392,454 df© Ho$ Xm¡amZ {ZnQ>mZ 133,071,046 97,809,713 df© Ho$ A§V ‘| gH$b am{e 1,051,414,176 1,036,641,903 g¨{MV ömg 860,936,165 860,381,701 {Zdb am{e 190,478,011 176,260,202

2,277,439,560 1,259,022,689

AZwgyMr XI: AÝ` AmpñV`m¨:

1. {ZåZ{bpIV na Cn{MV ã`mO:(H$) {Zdoem|/~¢H$ O‘mAm| na 8,809,286,271 11,120,355,964(I) F$U Ed§ A{J«‘ 21,168,396,332 15,936,763,898

2. {d{dY njm| Ho$ nmg O‘m am{e`m¨ 48,320,978 43,378,4223. àXÎm A{J«‘ Am`H$a ({Zdb) 5,883,409,567 7,095,229,0164. AÝ` [AmñW{JV H$a AmpñV`m| g{hV

` 32,763,418,74236,502,745,652 39,290,047,445

(JV df© ` 33,274,681,260)]72,412,158,800 73,485,774,745

AZwgyMr XII: AÝ` ì``:

1. {Z`m©V g¨dÕ©Z ì`` 23,811,205 19,460,1372. S>mQ>m àmogoqgJ na Am¡a g¨~Õ ì`` 1,332,587 6,694,2213. ‘aå‘V Am¡a aIaImd 222,008,100 208,816,9594. ‘wÐU Am¡a boIZ gm‘J«r 10,471,988 13,396,4275. AÝ` 663,239,951 794,636,782

920,863,831 1,043,004,526



`


`

Schedule X: Fixed Assets:(At cost less depreciation)

1. PremisesGross Block b/f 2,091,500,834 2,064,028,557 Additions during the year 1,164,161,043 29,133,407 Disposals during the year 140,276,156 1,661,130 Gross Block as at the end of the year 3,115,385,721 2,091,500,834 Accumulated Depreciation 1,028,424,172 1,008,738,347 Net Block 2,086,961,549 1,082,762,487

2. OthersGross Block b/f 1,036,641,903 1,013,059,162 Additions during the year 147,843,319 121,392,454 Disposals during the year 133,071,046 97,809,713 Gross Block as at the end of the year 1,051,414,176 1,036,641,903 Accumulated Depreciation 860,936,165 860,381,701 Net Block 190,478,011 176,260,202

2,277,439,560 1,259,022,689

Schedule XI: Other Assets:

1. Accrued interest on:a) investments/bank balances 8,809,286,271 11,120,355,964b) loans and advances 21,168,396,332 15,936,763,898

2. Deposits with sundry parties 48,320,978 43,378,4223. Advance Income Tax paid (net) 5,883,409,567 7,095,229,0164. Others [including Deferred 36,502,745,652 39,290,047,445

tax asset of ` 32,763,418,742(previous year ` 33,274,681,260)]

72,412,158,800 73,485,774,745

Schedule XII: Other Expenses:

1. Export Promotion Expenses 23,811,205 19,460,1372. Expenses on and related to Data Processing 1,332,587 6,694,2213. Repairs and Maintenance 222,008,100 208,816,9594. Printing and Stationery 10,471,988 13,396,4275. Others 663,239,951 794,636,782

920,863,831 1,043,004,526


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`

AZwgyMr XIII: ã`mO Ed§ ~Q²>Q>m…

1. F$Um| Am¡a A{J«‘m|/{~bm| H$s ^wZmB©/ nwZ^w©ZmB© na ã`mO Am¡a ~Q²>Q>m 60,802,258,674 53,302,677,483

2. {Zdoem|/~¢H$ eof am{e`m| na Am` 26,463,373,705 29,080,951,230

87,265,632,379 82,383,628,713

AZwgyMr XIV: AÝ` Am`:

1. {Zdoem| H$s {~H«$s/nwZ‘y©ë`m§H$Z na {Zdb bm^

589,720,842 1,520,032,565

2. ^y{‘, ^dZ Am¡a AÝ` AmpñV`m| H$s {~H«$s na {Zdb bm^ 422,975,904 18,042,191

3. AÝ` 133,668,123 11,115,647

1,146,364,869 1,549,190,403

{Q>ßnUr…'Xo`VmAm|" [AZwgyMr IV (H$) XopIE] Ho$ A§VJ©V $29.88 {‘{b`Z yEg S>m°ba H$s 'Am°Z emoa" {dXoer ‘wÐm O‘m am{e`m§ (JV df© 34.92 {‘{b`Z yEg S>m°ba) em{‘b h¢ Omo à{Vnjr nmQ>u ~¢H$m|/g¨ñWmAm| Ûmam EpŠµO‘ ~¢H$ Ho$ nmg aogràmoH$b én`m O‘m/~m°ÝS>m| Ho$ noQ>o aIr JB© h¢& 'AmpñV`m|' [AZwgyMr g¨. VI 3.(H$) (ii) XopIE] Ho$ A§VJ©V ZH$Xr VWm ~¢H$ O‘mAm| ‘| ""eyÝ¶'' (JV df© eyÝ¶) H$s én`m O‘m am{e em{‘b h¡ Omo ñd¡ßg g¨ì`dhmam| Ho$ MbVo h¡& 'AmpñV`m|' Ho$ A§VJ©V {Zdoe ‘| [AZwgyMr g§. VII 4. XopIE] Hw$b `$1.36 {~{b`Z (JV df© ` 1.58 {~{b`Z) H$s ~m°ÝS> am{e em{‘b h¡ Omo ñd¡ßg Ho$ MbVo h¡&



`


`

Schedule XIII: Interest and Discount:

1. Interest and Discount on loans and advances/bills discounted/rediscounted

60,802,258,674

53,302,677,483

2. Income on Investments/bank balances 26,463,373,705 29,080,951,230

87,265,632,379 82,383,628,713

Schedule XIV: Other Income:

1. Net Profit on sale/revaluation of investments

589,720,842 1,520,032,565

2. Net Profit on sale of land, buildings and other assets 422,975,904 18,042,191

3. Others 133,668,123 11,115,647

1,146,364,869 1,549,190,403

Note: Deposits under 'Liabilities' [ref. Schedule IV (a)] include `on shore' foreign currency deposits aggregating US$ 29.88 million. (Previous year US$ 34.92 million) kept by counter party banks / institutions with Exim Bank against reciprocal rupee deposits / bonds. Investments under `Assets' [ref. Schedule VII 4.] include bonds aggregating ` 1.36 billion (Previous year ` 1.58 billion) on account of swaps.


9898 dm{f©H$ [anmoQ>© 2018-19

31 ‘mM©, 2019 H$mo g‘má df© Ho$ {bE ZH$Xr àdmh {ddaUram{e (` {‘{b`Z ‘|)

{ddaU df© g‘m{áboIm nar{jV

31 ‘mM©, 2019

df© g‘m{á boIm nar{jV

31 ‘mM©, 2018

n[aMmbZJV H$m`©H$bmnm| go ZH$Xr àdmh

H$a nyd© {Zdb bm^/(hm{Z) Am¡a AgmYmaU ‘X| 1,874.9 (42,298.2)

{ZåZ{bpIV Ho$ {bE g‘m`moOZ:

- AMb AmpñV`m| H$s {~H«$s go (bm^)/hm{Z ({Zdb) (423.0) (18.0)

- {Zdoem| H$s {~H«$s go (bm^)/hm{Z ({Zdb) (589.7) (1,520.0)

- ‘yë`õmg 255.8 184.8

- ~Q²>Q>o ‘| S>mbo JE ~m°ÝS> {ZJ©‘m| na Ny>Q>/ì`` 156.3 184.3

- {Zdoe CVma-M‹T>md Ama{jV boIo go A§Va - -

- F$Um|/{Zdoem| Ed§ AÝ` àmdYmZm| Ho$ {bE àmdYmZ/~Q²>Q>o ImVo S>mbZm 18,806.0 61,609.5

- AÝ` C„oI H$a| - -

20,080.3 18,142.4

{ZåZ{bpIV Ho$ {bE g‘m`moOZ:

- AÝ` AmpñV`m§ (659.8) (3,254.0)

- Mmby Xo`VmE§ (38,897.9) (49,785.8)

n[aMmbZm| go ZH$Xr {Z‘m©U (19,477.4) (34,897.4)

Am` H$a/ã`mO H$a H$m ^wJVmZ (386.0) (6,161.2)

n[aMmbZJV H$m`©H$bmnm| go {Zdb ZH$Xr àdmh (H$) (19,863.4) (41,058.6)

{ZdoeJV H$m`©H$bmnm| go ZH$Xr àdmh

- AMb AmpñV`m| H$s {Zdb IarX (851.2) (127.4)

- {Zdoem| ‘| {Zdb n[adV©Z (35,714.9) (4,419.9)

{ZdoeJV H$m`©H$bmnm| ‘| Cn`moJ H$s J`r/go A{O©V {Zdb ZH$Xr (I) (36,566.1) (4,547.3)

{dÎmnmofU H$m¶©H$bmnm| go ZH$Xr àdmh

- àmá Bp³dQ>r ny±Or 50,000.0 5,000.0

- {bE JE F$U (MwH$m¡Vr KQ>mH$a) (118,755.0) 80,803.9

- {XE JE F$U, {~bm| H$s ^wZmB© Am¡a nwZ^w©ZmB© (àmá MwH$m¡Vr KQ>mH$a) 139,149.1 (48,910.6)

- Bp³dQ>r eo`am| na bm^m§e VWm bm^m§e na H$a (Ho$ÝÐ gaH$ma H$mo A§V[aV {Zdb bm^ A{Yeof)

- (41.3)

{dÎmr` H$m`©H$bmnm| ‘| à`w³V/go A{O©V {Zdb ZH$Xr àdmh (J) 70,394.0 36,852.0

ZH$Xr Am¡a ZH$X g‘Vwë` ‘| {Zdb d¥{Õ/({JamdQ>) (H$+I+J) 13,964.5 (8,753.9)

àma§{^H$ ZH$Xr Ed§ g‘Vwë` 28,155.0 36,908.9

A§{V‘ ZH$Xr Ed§ g‘Vwë` 42,119.5 28,155.0








ZB© {Xëbr, 23 ‘B©, 2019


CASH FLOW STATEMENT FOR THE YEAR ENDED MARCH 31, 2019

Amount (` million)Particulars Year ended

March 31, 2019Year ended

March 31, 2018(Audited) (Audited)

CASH FLOW FROM OPERATING ACTIVITIESNet Profit/(Loss) before tax and extra-ordinary items 1,874.9 (42,298.2)

Adjustments for:- (Profit)/Loss on sale of Fixed Assets (Net) (423.0) (18.0)- (Profit)/Loss on sale of Investments (Net) (589.7) (1,520.0)- Depreciation 255.8 184.8 - Discount/Expenses on bond issues written off 156.3 184.3 - Transfer from Investment Fluctuation Reserve - - - Provisions/Write Off of Loans/Investments and other provisions 18,806.0 61,609.5 - Others - to specify - -

20,080.3 18,142.4 Adjustments for:

- Other Assets (659.8) (3,254.0)- Current Liabilities (38,897.9) (49,785.8)

CASH GENERATED FROM OPERATIONS (19,477.4) (34,897.4)

Payment of income tax/interest tax (386.0) (6,161.2)NET CASH FLOW FROM OPERATING ACTIVITIES (A) (19,863.4) (41,058.6)

CASH FLOW FROM INVESTING ACTIVITIES- Net purchase of fixed assets (851.2) (127.4)- Net change in investments (35,714.9) (4,419.9)

NET CASH USED IN/RAISED FROM INVESTING ACTIVITIES (B) (36,566.1) (4,547.3)

CASH FLOW FROM FINANCING ACTIVITIES- Equity capital infusion 50,000.0 5,000.0 - Loans borrowed (net of repayments made) (118,755.0) 80,803.9 - Loans lent, bills discounted and rediscounted (net of repayments received) 139,149.1 (48,910.6)- Dividend on equity shares and tax on dividend (Balance of Net profits transferred to Central Government)

- (41.3)

Net cash used in/raised from Financing Activities (C) 70,394.0 36,852.0NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS (A+B+C) 13,964.5 (8,753.9)

OPENING CASH AND CASH EQUIVALENTS 28,155.0 36,908.9

CLOSING CASH AND CASH EQUIVALENTS 42,119.5 28,155.0










100100 dm{f©H$ [anmoQ>© 2018-19

‘hÎdnyU© boIm Zr{V`m§ Ed§ boIm| na {Q>ßn{U`m§I. ‘hÎdnyU© boIm Zr{V`m§

i) {dÎmr` {ddaU

H$) V¡`mar H$m AmYma

^maVr` {Z`m©V-Am`mV ~¢H$ (Ep³µO‘ ~¢H$) H$m VwbZ-nÌ VWm bm^ Am¡a hm{Z boIm (gm‘mÝ` {Z{Y Ed§ {Z`m©V

{dH$mg H$mof), ^maV ‘| àM{bV boIm {gÕm§Vm| Ho$ AZwgma V¡`ma {H$E JE h¢& {dÎmr` {ddaU O~ VH$ AÝ`Wm

C{„pIV Z hmo Eo{Vhm{gH$ bmJV nÕ{V Ho$ VhV V¡`ma {H$E JE h¢& ~¢H$ Ûmam AnZmB© JB© boIm Zr{V`m§ JV

df© à`moJ H$s JB© boIm Zr{V`m| Ho$ AZwê$n h¢& EpŠµO‘ ~¢H$ H$m VwbZ-nÌ VWm bm^ Am¡a hm{Z boIm ^maVr`

{Z`m©V-Am`mV ~¢H$ gm‘mÝ` {d{Z`‘mdbr, 1982 ‘| {XE JE AZwgma V¡`ma {H$E JE h¢, {Ogo ^maVr` {Z`m©V-

Am`mV ~¢H$ A{Y{Z`‘, 1981 (1981 H$m g¨»`m§H$ 28) H$s Ymam 39(2) Ho$ AYrZ ^maV gaH$ma Ho$ nyd© AZw‘moXZ

go {ZXoeH$ ‘§S>b Ûmam AZw‘mo{XV {H$`m J`m h¡& ^maVr` [aµOd© ~¢H$ Ho$ ‘mñQ>a {ZX}e S>r~rAma.E’$AmB©S>rµ g§.

108/01.02.000/2015-16, {XZm§{H$V 23 OyZ, 2016 ‘| Ano{jV AZwgma H${Vn` ‘hÎdnyU© {dÎmr` AZwnmV/

Am§H$‹S>o, ""boIm| na {Q>ßn{U`m§"' Ho$ I§S> Ho$ ê$n ‘| Xem©E JE h¢&

I) AmH$bZ H$m à`moJ

{dÎmr` {ddaUm| H$mo ñdrH¥$V ‘mZH$ boIm {gÕm§Vm| Ho$ AZwgma V¡`ma {H$`m J`m h¡ Am¡a BÝh| V¡`ma H$aZo Ho$ {bE

à~§YZ H$mo {dÎmr` {ddaUm| Am¡a [anmoQ>© H$s OmZo dmbr Ad{Y VH$ Ho$ {bE Am` Ed§ ì`` H$s VmarI H$mo AmpñV`m|,

Xo`VmAm| Am¡a àmdYmZm| (AmH$pñ‘H$ Xo`VmAm| g{hV) H$s [anmoQ>© H$s JB© am{e ‘| Hw$N> AmH$bZ Am¡a nydm©Zw‘mZ

H$aZo n‹S>Vo h¢& {dÎmr` {ddaUm| H$mo V¡`ma H$aZo Ho$ {bE à`moJ {H$E JE `o AmH$bZ à~§YZ H$s am` ‘| {ddoH$gå‘V

Am¡a Vm{H©$H$ h¢&

ii) amOñd H$s JUZm

AZO©H$ AmpñV`m|/AZO©H$ {Zdem| Am¡a '"X~mdJ«ñV AmpñV`m|'" na ã`mO, EgS>rAma Ho$ A§VJ©V F$Um| na ã¶mO

ewëH$ Am`, H$‘reZ, dMZ~ÕVm à^ma Am¡a bm^m§e {OÝh| ZH$Xr AmYma na {hgm~ ‘| {b`m OmVm h¡, H$mo N>mo‹S>H$a

Am`/ì`` H$m {ZYm©aU CnM` AmYma na {H$`m J`m h¡& AZO©H$ AmpñV`m| H$m {ZYm©aU ApIb ^maVr` {dÎmr`

g¨ñWmAm| hoVw ^maVr` [aµOd© ~¢H$ Ho$ {Xem{ZX}em| Ho$ AZwê$n {H$`m J`m h¡& EpŠµO‘ ~¢H$ Ho$ ~m°ÝS>m| na {X`m OmZo dmbm

~Q²>Q>m/‘moMZ àr{‘`‘ ~m°ÝS> H$s Ad{Y Ho$ Xm¡amZ n[aemo{YV {H$`m J`m h¡ Am¡a ã`mO ì`` ‘| em{‘b {H$`m J`m h¡&

iii) AmpñV dJuH$aU Am¡a àmdYmZrH$aU

VwbZ-nÌ ‘| Xem©`r JB© F$U Am¡a A{J«‘ am{e`m| ‘| AZO©H$ AmpñV`m| hoVw àmdYmZm| H$mo KQ>mH$a {g’©$ ‘ybYZ ~H$m`m

am{e`m§ em{‘b h¢& àmß¶ ã`mO H$mo ''AÝ` AmpñV`m|"" ‘| g‘y{hV {H$`m J`m h¡&

F$U MwH$m¡Vr Am¡a dgybr hoVw H$mob¡Q>ab {g³¶y[aQ>r na {Z^©aVm Ho$ AZwgma F$U AmpñV`m| H$mo {ZåZ{bpIV g‘yhm| ‘|

dJuH¥$V {H$`m J`m h¡… ‘mZH$ AmpñV`m§, Ad‘mZH$ AmpñV`m§, g¨{X½Y AmpñV`m§ Am¡a hm{Z AmpñV`m§& F$U AmpñV`m|

H$m dJuH$aU Ed§ àmdYmZrH$aU ^maVr` [aµOd© ~¢H$ Ûmam ApIb ^maVr` {dÎmr` g¨ñWmAm| H$mo Omar {H$E JE ‘mJ©Xeu

{gÕm§Vm| Ho$ AZwê$n {H$¶m J¶m h¡&


SIGNIFICANT ACCOUNTING POLICIES AND NOTES TO ACCOUNTS

I. SIGNIFICANT ACCOUNTING POLICIES

i) Financial Statements

a) Basis of preparation

The Balance Sheet and Profit and Loss account of Export-Import Bank of India (Exim Bank) (General Fund and Export Development Fund) have been prepared in accordance with the accounting principles followed in India. The financial statements have been prepared under the historical cost convention on an accrual basis unless otherwise stated. The accounting policies that are applied by the Bank are consistent with those used in the previous year. The form and manner in which the Balance Sheet and the Profit and Loss Account of Exim Bank are prepared have been provided in the Export-Import Bank of India, General Regulations, 1982 approved by the Board of Directors with the previous approval of Government of India under Section 39 (2) of Export-Import Bank of India Act, 1981 (28 of 1981). Certain important financial ratios / data are disclosed as part of the “Notes to Accounts” in terms of Reserve Bank of India (RBI) Master Direction DBR.FID.No.108/ 01.02.000/2015-16 dated June 23, 2016.

b) Use of estimates

The preparation of financial statements in conformity with accepted accounting principles requires the management to make estimates and assumptions considered in the reported amount of assets and liabilities and provisions (including contingent liabilities) as of the date of the financial statements and the reported income and expenses for the reporting period. The management believes that the estimates used in the preparation of the financial statements are prudent and reasonable.

ii) Revenue Recognition

Income/Expenditure is recognised on accrual basis except in respect of interest on Non–performing Assets (NPA) / Non-performing Investments and “Stressed Assets”, interest on loans under Strategic Debt Restructuring, fee income, commission, commitment charges and dividend which are accounted on cash basis. NPAs are determined as per RBI guidelines issued to All-India Financial Institutions. Discount/ redemption premium offered on Exim Bank Bonds has been amortised over the tenure of the bond and included in interest expenses.

iii) Asset Classification and Provisioning

Loans and Advances shown in Balance Sheet comprise only principal outstanding net of provisions for Non-Performing Assets (NPA). Interest receivables are grouped under “Other Assets”.

Loan Assets are classified into the following groups: Standard Assets, Sub-standard Assets, Doubtful Assets and Loss Assets, taking into consideration the degree of credit weaknesses and extent of dependence on collateral security for realisation of dues. Classification of loan assets and provisioning are as per RBI guidelines issued to All-India Financial Institutions.


102102 dm{f©H$ [anmoQ>© 2018-19

iv) {Zdoe

g¨nyU© {Zdoe-nmoQ>©’$mo{b¶mo H$mo VrZ lo{U`m| ‘| dJuH¥$V {H$`m J`m h¡…

H$) ''n[an¹$dVm VH$ Ym[aV""(n[an¹$dVm VH$ aIZo Ho$ BamXo go A{O©V à{V^y{V`m§),

I) ''H«$`-{dH«$` Ho$ {bE Ym[aV"" (à{V^y{V`m§ Bg BamXo go A{O©V H$s OmVr h¢ {H$ Aënmd{Y ‘yë`/ã`mO Xa ‘| hmoZo dmbo CVma-M‹T>mdm| Am{X H$m bm^ CR>mH$a CZH$m H«$`-{dH«$` {H$`m OmE) Am¡a

J) ''{~H«$s Ho$ {bE CnbãY"" (eof {Zdoe)&

{Zdoem| H$mo {ZåZ{bpIV ê$n ‘| nwZ… dJuH¥$V {H$`m J`m h¡…

i) gaH$mar à{V^y{V`m| ‘| {Zdoe

ii) AÝ` AZw‘mo{XV à{V^y{V`m| ‘| {Zdoe

iii) eo`am| ‘| {Zdoe

iv) {S>~|Ma Am¡a ~m°ÝS> ‘| {Zdoe

v) ghm`H$ H§$n{Z`m|/g¨`wŠV CnH«$‘m| ‘| {Zdoe

vi) AÝ` (dm{UpÁ`H$-nÌ, å`wMwAb ’§$S> B©H$mB¶m| Am{X ‘|) {Zdoe

{Zdoem| Ho$ {d{^ÝZ {bIVm| H$m dJuH$aU, loUrH$aU, lo{U`m| Ho$ ~rM n[adV©Z, ‘yë¶ {ZYm©aU Am¡a {Zdoem| H$m

àmdYmZ maVr` [aµOd© ~¢H$ Ûmam ApIb maVr` {dÎmr` g¨ñWmAm| Ho$ {bE {ZYm©[aV {H$E JE ‘mZX§S>m| Ho$ AZwgma {H$`m

J¶m h¡&

v) AMb AmpñV`m§ VWm ‘yë`õmg

H$) AMb AmpñV`m| H$mo g§{MV ‘yë`õmg KQ>mH$a na§namJV bmJV AO©Z Ho$ g‘¶ ‘yb bmJV na Xem©`m J`m h¡&

I) ‘yë`õmg H$m àmdYmZ grYr aoIm nÕ{V Ho$ AmYma na {ZåZ{bpIV Xam| na {H$`m J`m h¡…

AmpñV`m§ ‘yë`õmg Xa

ñd`§ Ho$ ^dZ 5%

’$ZuMa Ed§ {’$ŠMa 25%

H$m`m©b` CnH$aU 25%

AÝ` Bbop³Q´>H$b CnH$aU 25%

H$åß`yQ>a d H$åß`yQ>a gm°âQ>do¶a 25%

‘moQ>a dmhZ 25%

‘mo~mBb ’$moZ d AÝ` Bbo³Q´>m°{ZH$ CnH$aUm| na ‘yë`õmg àm¡Úmo{JH$s Ho$ nwamZo hmoZo Ho$ AmYma na {b`m J`m h¡

33.33%

J) df© Ho$ Xm¡amZ A{O©V AmpñV`m| Ho$ g§~§Y ‘|, ‘yë`õmg IarX df© ‘| g‘yMo df© Ho$ {bE àXmZ {H$`m J`m h¡ VWm

df© Ho$ Xm¡amZ ~oMr JB© AmpñV`m| Ho$ g§~§Y ‘| {~H«$s df© ‘| H$moB© ‘yë`õmg Zht {H$`m J`m h¡&

K) Ohm§ {H$gr Adj`r AmpñV H$mo ~oM {X`m J`m h¡, Ë`mJ {X`m J`m h¡, T>hm {X`m J`m h¡ AWdm Zï> H$a {X`m J`m

h¡ Eogr pñW{V ‘| {Zdb A{Yeof `m H$‘r H$mo bm^ Am¡a hm{Z boIo ‘| g‘m`mo{OV {H$`m J`m h¡&


iv) Investments

The entire investment portfolio is classified under three categories:

a) “Held to Maturity” (the securities acquired with the intention to hold them to maturity),

b) “Held for Trading” (the securities acquired with the intention to trade by taking advantage of the short term price/interest rate movements, etc.) and

c) “Available for Sale” (the balance investments).

The investments are further classified as:

i) Government securities

ii) Other approved securities

iii) Shares

iv) Debentures and Bonds

v) Subsidiaries/Joint Ventures

vi) Others (Commercial Papers, Mutual Fund Units, etc.)

The classification of various instruments of investments, categorisation, shifting among categories, valuation and provisioning of investments are done in accordance with the norms laid down by RBI for All-India Financial Institutions.

v) Fixed Assets and Depreciation

a) Fixed Assets are stated at historical cost less accumulated depreciation.

b) Depreciation is provided for on straight-line method basis at the following rates:

Asset Depreciation RateOwned Buildings 5%Furniture and Fixtures 25%Office Equipments 25%Other Electrical Equipments 25%Computers and Computer Software 25%Motor Vehicles 25%

Mobile Phones and other electronic items subject to rapid technological obsolescence

33.33%

c) In respect of assets acquired during the year, depreciation is provided for the entire year in the year of purchase and in respect of assets sold during the year, no depreciation is provided in the year of sale.

d) When a depreciable asset is disposed off, discarded, demolished or destroyed, the net surplus or deficit is adjusted in the Profit and Loss Account.


104104 dm{f©H$ [anmoQ>© 2018-19

vi) õmg

AmpñV`m| Ho$ aI-aImd H$s am{e H$mo ha VwbZ-nÌ H$s VmarI H$mo Am§V[aH$ AWdm ~mø H$maUm| go AmpñV Ho$

‘yë` ‘| hþE õmg Ho$ {bE àmdYmZ AWdm JV Ad{Y`m| ‘| hþB© õmg hm{Z`m| ¶Wm bmJy Ho$ àmdYmZm| H$mo [adg© H$aZo Ho$

{bE nwZar{jV {H$`m J`m h¡& õmg hm{Z V~ hmoVr h¡ O~ {H$gr AmpñV H$s dhZ am{e dgybr ¶mo½¶ am{e go A{YH$

hmoVr h¡&

vii) {dXoer ‘wÐm boZ-XoZm| Ho$ {bE boIm§H$Z

H$) {dXoer ‘wÐm ‘| ‘yë`m§{H$V AmpñV`m| VWm Xo`VmAm| H$mo df© Ho$ A§V ‘| ^maVr` {dXoer ‘wÐm ì`mnma g¨K (’o$S>mB©) Ûmam A{Ygy{MV {d{Z‘` Xa na A§V[aV {H$`m J`m h¡&

I) Am` VWm ì`` ‘Xm| H$mo df© Ho$ Xm¡amZ {d{Z‘` H$s Am¡gV Xam| na A§V[aV {H$`m J`m h¡&

J) ~H$m`m {dXoer ‘wÐm {d{Z‘` g¨{dXmAm| H$mo {Z{X©ï> n[an³dVm Ad{Y`m| Ho$ {bE ’o$S>mB© Ûmam A{Ygy{MV {d{Z‘` Xam| na nwZ‘y©ë`m§{H$V {H$`m J`m h¡ VWm Bggo hmoZo dmbo bm^/hm{Z H$mo bm^ Am¡a hm{Z boIo ‘| em{‘b {H$`m J`m h¡&

K) Jma§{Q>`m|, ñdrH¥${V`m|, nam§H$Zm| VWm AÝ` Xm{`Ëdm| Ho$ g¨~§Y ‘| AmH$pñ‘H$ Xo`VmAm| H$mo df© Ho$ A§V ‘| ’o$S>mB©

Ûmam A{Ygy{MV {d{Z‘` Xam| na Xem©`m J`m h¡&

viii) Jma§{Q>`m§

B©grOrgr nm°{b{g`m| Ho$ AYrZ Aa{jV IÊS> Ho$ {bE Jma§{Q>`m| H$m àmdYmZ n[a`moOZmAm| Ho$ nyao hmoZo VH$ g¨^m{dV

hm{Z`m| H$mo Ü`mZ ‘| aIH$a {H$`m J`m h¡&

ix) S>o[ado{Q>d

~¢H$ AnZr AmpñV¶m| Am¡a Xo`VmAm| H$s hoqOJ Ho$ {bE S>o[ado{Q>d g§{dXmE§ O¡go ã`mO Xa ñd¡n, H$a§gr ñd¡n, A§Va

H$a§gr ã`mO Xa ñd¡n VWm dm`Xm Xa H$ama H$aVm h¡& ^maVr` [aµOd© ~¢H$ Ho$ {Xem{ZX}em| Ho$ AZwgma `o g¨ì`dhma

hoqOJ Ho$ CX²Xoí` go {H$E OmVo h¢ VWm Cn{MV AmYma na {hgm~ ‘| {bE OmVo h¢& VwbZ-nÌ H$s VmarI H$mo ~H$m`m

S>o[ado{Q>d g§{dXmAm| Ho$ ~mao ‘| ‘mÌmË‘H$ Am¡a JwUmË‘H$ àH$Q>Z, ApIb ^maVr` {dÎmr` g§ñWmAm| Ho$ {bE Ama~rAmB©

Ho$ ‘mñQ>a {ZXoe ''àñVw{V, àH$Q>Z Am¡a [anmo{Q>ªJ g§~§Yr ‘mZX§S>"" Ho$ AZwgma [anmoQ>© {H$E OmVo h¢&

x) H$‘©Mmar bm^ hoVw àmdYmZ

H$) ~¢H$ ‘| ^{dî` {Z{Y, Jo«À¶wQ>r {Z{Y Am¡a n|eZ {Z{Y ~¢H$ Ûmam MbmB© Om ahr n[a^m{fV H$‘©Mmar bm^ `moOZmE§ h¢&

BZ {Z{Y`m| ‘| ~¢H$ H$m A§eXmZ g§~§{YV df© Ho$ {bE bm^-hm{Z ImVo H$mo S>o{~Q> H$a {H$`m OmVm h¡&

I) Jo«À¶wQ>r VWm n|eZ n[a^m{fV H$‘©Mmar bm^ Xo`VmE§ h¢& BZ Xo`VmAm| Ho$ {bE àmdYmZ ~r‘m§{H$H$ ‘yë`m§H$Z AmYma

na àË`oH$ {dÎmr` df© H$s g‘m{á na AZw‘m{ZV ¶y{ZQ> H«o${S>Q> nÕ{V Ho$ AmYma na {H$`m OmVm h¡&


vi) Impairment

The carrying amounts of assets are reviewed at each Balance Sheet date based on internal/external factors to provide for impairment in the value of the assets or reverse impairment losses recognised in previous periods, as applicable. Impairment loss is recognised when the carrying amount of an asset exceeds recoverable amount.

vii) Accounting for Foreign Currency Transactions

a) Assets and liabilities denominated in foreign currency are translated at the exchange rate notified by the Foreign Exchange Dealers’ Association of India (FEDAI) at year end.

b) Income and expenditure items are translated at the average rates of exchange during the year.

c) Outstanding foreign exchange contracts are revalued at rates of exchange notified by the FEDAI for specified maturities and the resulting profits/losses are included in the Profit and Loss account.

d) Contingent liabilities in respect of guarantees, acceptances, endorsements and other obligations are stated at the rates of exchange notified by FEDAI at year end.

viii) Guarantees

Provisioning for guarantees is made taking into account the likely losses on projects till their completion, for uncovered portion under ECGC policies.

ix) Derivatives

The Bank presently deals in derivative contracts such as Interest Rate Swaps, Currency Swaps, Cross-Currency Interest Rate Swaps and Forward Rate Agreements, for hedging its assets and liabilities. Based on RBI Guidelines, the above derivatives undertaken for hedging purposes are accounted on accrual basis. Qualitative and Quantitative disclosures pertaining to outstanding derivative contracts are reported in the “Notes to Accounts” in accordance with RBI’s Master Direction on Presentation, Disclosure and Reporting norms for All India Financial Institutions on the Balance Sheet date.

x) Provision for Employee Benefits

a) Provident Fund, Gratuity Fund and Pension Fund are defined benefit schemes administered by the Bank and the Bank’s contributions to these funds are charged to the Profit and Loss Account for the year.

b) Gratuity and Pension are defined benefit obligations. Liabilities towards these obligations are provided for on the basis of actuarial valuation at the end of each financial year based on the projected unit credit method.


106106 dm{f©H$ [anmoQ>© 2018-19

J) Nw>Q²>Q>r ZH$XrH$aU Ho$ à{V Xo`Vm Ho$ {bE df© Ho$ A§V ‘| ~r‘m§{H$H$ ‘yë`m§H$Z Ho$ AmYma na àmdYmZ {H$`m

OmVm h¡&

xi) Am` na H$am| H$m boIm§H$Z

H$) g¨~§{YV g¨{d{Y Ho$ AYrZ ^wJVmZ `mo½` H$a Ho$ AZwgma dV©‘mZ H$a Ho$ {bE àmdYmZ {H$`m J`m h¡&

I) H$a `mo½` Am` Am¡a boIm§H$Z Am` Ho$ ~rM g‘` A§Va H$s Ñ{ï> go AmñW{JV H$a H$s JUZm {dÚ‘mZ H$a Xam|

na VWm A{Y{Z`{‘V {d{Y AWdm VwbZ-nÌ H$s g‘ {XZm§H$ H$mo à‘wIV… A{Y{Z`{‘V {d{Y Ho$ AZwgma H$s

JB© h¡& AmñW{JV H$a AmpñV`m| H$mo Ho$db Cgr gr‘m VH$ {hgm~ ‘| {b`m J`m h¡ {Og gr‘m VH$ CZH$s dgybr

H$s g‘w{MV {Z{üVVm h¡&

xii) àmdYmZ, AmH$pñ‘H$ Xo`VmE¨ VWm AmH$pñ‘H$ AmpñV`m¨

''àmdYmZ, AmH$pñ‘H$ Xo`VmAm| VWm AmH$pñ‘H$ AmpñV`m|"" H$s JUZm maVr` gZXr boImH$ma g¨ñWmZ (AmB©grEAmB©) Ûmam Omar boIm ‘mZH$ 29 Ho$ AZwgma H$s OmVr h¡& ~¢H$ Ho$db CZ àmdYmZm| H$mo {hgm~ ‘| boVm h¡ O~ dV©‘mZ Xm{`Ëd {H$gr {dJV KQ>Zm H$m n[aUm‘ hmo& hmbm§{H$ h g¨^d h¡ {H$ Bg Xm{`Ëd go CnOo Am{W©H$ ma g§~§Yr am{e H$m wJVmZ

Xm{`Ëd H$s am{e Ho$ ghr AmH$bZ Ho$ {ZYm©aU Ho$ ~mX {H$`m OmE&

AmH$pñ‘H$ Xo`VmE§ V^r àH$Q> H$s OmVr h¢, O~ Am{W©H$ bm^ g§~§Yr am{e H$m ^wJVmZ {H$E OmZo H$s Hw$N> Z Hw$N> g§^mdZm Adí` hmo&

AmH$pñ‘H$ AmpñV`m| H$mo Z hr {hgm~ ‘| {b`m OmVm h¡ VWm Z hr CÝh| {dÎmr` {ddaUm| ‘| àH$Q> {H$`m OmVm h¡&

xiii) ^maVr` boIm ‘mZH$m| (B§S> EEg) Ho$ {H«$`mÝd`Z H$m ñWJZ

^maVr` [aµOd© ~¢H$ (Ama~rAmB©) Ho$ n[anÌ {XZm§{H$V 04 AJñV, 2016 Ho$ AZwgma, ^maVr` boIm ‘mZH$ (B§S>

EEg) g^r ~¢H$m|, J¡a-~¢qH$J {dÎmr` H§$n{Z`m| Am¡a ApIb ^maVr` {dÎmr` g§ñWmAm| na 01 Aà¡b, 2018 go ewê$

hmoZo dmbr boIm§H$Z Ad{Y Ho$ {bE Am¡a 31 ‘mM©, 2018 H$mo g‘má hmoZo dmbr Ad{Y Ho$ VwbZmË‘H$ Am§H$‹S>m| Ho$

gmW bmJy Wo& Ama~rAmB© Zo EpŠµO‘ ~¢H$ H$mo g§~mo{YV 15 ‘B©, 2019 Ho$ AnZo nÌ Ho$ O[aE ApIb ^maVr` {dÎmr`

g§ñWmAm| Ho$ {bE BZ ‘mZH$m| H$m {H«$`mÝd`Z AJbr gyMZm VH$ ñW{JV H$aZo Ho$ g§~§Y ‘| gy{MV {H$`m h¡&


c) Liability towards leave encashment is provided for on the basis of actuarial valuation at year end.

xi) Accounting for Taxes on Income

a) Provision for current tax is made, based on the tax payable under the relevant statute.

b) Deferred tax on timing difference between taxable income and accounting income is accounted for, using the tax rates and the tax law enacted or substantially enacted as on the Balance Sheet date. Deferred tax assets are recognised only to the extent that there is a virtual certainty of realisation.

xii) Provisions, Contingent Liabilities and Contingent Assets

As per AS 29 – “Provisions, Contingent Liabilities and Contingent Assets” issued by the Institute of Chartered Accountants of India (ICAI), the Bank recognises provisions only when it has a present obligation as a result of a past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when a reliable estimate of the amount of the obligation can be made.

Contingent liabilities are disclosed unless the possibility of an outflow of resources embodying economic benefit is remote.

Contingent assets are neither recognised nor disclosed in the financial statements.

xiii) Deferment of Implementation of Indian Accounting Standards (Ind AS)

In terms of Reserve Bank of India’s (RBI) circular dated August 04, 2016, Indian Accounting Standards (Ind AS) was applicable to all Banks, NBFCs and AIFIs for the accounting periods beginning from April 01, 2018 onwards with comparatives for the period ending March 31, 2018. RBI vide its letter dated May 15, 2019 addressed to Exim Bank has conveyed deferment of implementation of Ind AS by the AIFIs until further notice.


108108 dm{f©H$ [anmoQ>© 2018-19

II. boIm| na {Q>ßn{U`m§ - gm‘mÝ` {Z{Y

1. EO|gr boIm

My§{H$ EpŠµO‘ ~¢H$ BamH$ ‘| ^maVr` g¨{dXmH$mam| go g¨~§{YV H${Vn` gm¡Xm| H$mo gwJ‘ ~ZmZo Ho$ {bE EH$ EO|gr Ho$

ê$n ‘| H$m`© H$a ahm h¡, AVEd ^maV gaH$ma H$mo g‘ZwXo{eV ` 42.95 {~{b`Z ({nN>bo df© ` 40.48 {~{b`Z)

H$s am{e g{hV ~¢H$ H$mo gy{MV H$s JB© EO|gr ImVo ‘| Ym[aV ` 47.53 {~{b`Z ({nN>bo df© ` 44.79 {~{b`Z) H$s

g‘Vwë` am{e H$s {dXoer ‘wÐm H$s àmß` am{e`m§ Cn`w©ŠV VwbZ-nÌ ‘| em{‘b Zht H$s JB© h¢&

2. Am`H$a

~¢H$ H$s ny±Or g¨nyU© ê$n go ^maV gaH$ma Ûmam Ym[aV h¡ VWm ~¢H$ ‘| H$moB© AÝ` eo`a ny±Or Zht h¡& AV… ^maVr`

{Z`m©V-Am`mV ~¢H$ A{Y{Z`‘ 1981 H$s Ymam 23 (2) Ho$ AZwgma Ho$ÝÐ gaH$ma H$mo A§VaUr` bm^ A{Yeof H$mo

bm^m§e Zht H$hm Om gH$Vm& n[aUm‘ñdê$n dmX g§. AmB©Q>rE g§. 2025/‘w§~B©/2000 ‘| 18 {Xg¨~a, 2006 H$mo H$a

Anrb Ý¶m¶mYrH$aU Ûmam nm[aV {ZU©` Ho$ AmbmoH$ ‘| bm^m§e {dVaU na H$moB© H$a Xo` Zht h¡, AV… BgHo$ {bE

H$moB© àmdYmZ Zht {H$`m J`m h¡&

3. H$) AmH$pñ‘H$ Xo`VmE§

Jma§{Q>`m| ‘| ` 4.85 {~{b`Z (JV df© ` 1.24 {~{b`Z) H$s EŠñnm`mS>© Jma§{Q>`m§ em{‘b h¢, {OÝh| ~{h`m| ‘| go

{ZañV {H$`m OmZm ~mH$s h¡& AmH$pñ‘H$ Xo`VmAm| ‘| AmB©Eb E§S> E’$Eg H$s AZwf§Jr Eëgm‘oŠg EgE, ñnoZ

H$s Amoa go ~¢H$ Ûmam Omar H$s JB© 31.39 {‘{b`Z `yEg S>m°ba (`Wm 31 ‘mM©, 2019 H$mo ` 2.20 {~{b`Z Ho$

g‘Vwë`) H$s BZdmoH$ H$s JB© H$mC§Q>a ~¢H$ Jma§{Q>`m§ em{‘b h¢& BZdmoH$ H$s JB© H$mC§Q>a ~¢H$ Jma§{Q>`m| Ho$ A§VJ©V

^wJVmZ na ‘mZZr` ~m°å~o CÀM Ý`m`mb` Ûmam amoH$ bJm Xr JB© Wr& `h ‘m‘bm A^r {dMmamYrZ h¡& VXZwgma

^wJVmZ Zht {H$`m J`m h¡& VWm{n, ~¢H$ Ûmam C³V AmH$pñ‘H$ Xo`Vm Ho$ {bE C³V am{e Ho$ 50% H$m àmdYmZ {H$`m

J`m h¡&

I) Xmdo {OÝh| F$U Ho$ ê$n ‘| ñdrH$ma Zht {H$`m J`m h¡

AmH$pñ‘H$ Xo`VmAm| Ho$ A§VJ©V ''~¢H$ na Xmdo {OÝh| F$U Ho$ ê$n ‘| ñdrH$ma Zht {H$`m J`m h¡"" Ho$ ê$n ‘|

{XImB© JB© ` 7.22 {~{b`Z ({nN>bo df© ` 2.31 {~{b`Z) H$s am{e A{YH$m§eV: ~¢H$ Ho$ MyH$H$Vm© CYmaH$Vm©Am|

Ho$ {déÓ ~¢H$ Ûmam ewê$ H$s JB© H$mZyZr H$ma©dmB© Ho$ Odm~ ‘| CZ CYmaH$Vm©Am| Ûmam ~¢H$ Ho$ {déÕ Xm¶a {H$E

JE Xmdm|/à{VXmdm| go g§~§{YV h¡& ~¢H$ Ho$ gm°{b{gQ>am| H$s am` ‘| H$moB© ^r Xmdm/à{VXmdm JwUdÎmm `mo½` Zht h¡

VWm H$moB© ^r ‘m‘bm A^r VH$ A§{V‘ gwZdmB© VH$ Zht nhþ§Mm h¡; AV… {deofkm| H$s gbmh Ho$ AmYma na Bg

g§~§Y ‘| H$moB© àmdYmZ Amdí`H$ Zht g‘Pm J`m h¡&

J) dm`Xm {d{Z‘` g¨{dXmE§, ‘wÐm/ã`mO Xa ñdmn

i) `Wm 31 ‘mM©, 2019 H$mo ~H$m`m dm`Xm {d{Z‘` g¨{dXmAm| H$s nyU© hoqOJ H$s JB© h¡& ~¢H$, ^maVr` [aµOd©

~¢H$ Ho$ 7 OwbmB©, 1999 Ho$ n[anÌ g¨X^© g§. E‘nrS>r.~rgr.187/07.01.279/1999-2000 Ed§ CgHo$ ~mX

Omar {Xem{ZX}em| Ho$ AZwgma AmpñV-Xo`Vm à~§YZ Ho$ à`moOZmW© S>o[ado{Q>d gm¡Xo (ã`mO Xa ñdmn, dm`Xm

Xa H$ama VWm ‘wÐm-gh-ã`mO Xa ñdmn) H$aVm h¡& ~¢H$ AnZr Amdí`H$VmAm| VWm ~mOma pñW{V`m| Ho$

AmYma na Eogo gm¡Xo H$aVm h¡ Am¡a Amdí`H$Vm n‹S>Zo na CZH$m {ZnQ>mZ ^r H$aVm h¡& Eogo ~H$m`m S>o[ado{Q>d

g§ì`dhmam| H$mo {hgm~ ‘| {b`m OmVm h¡, {OZ na ã`mO Xa ‘| CVma-M‹T>md H$m AË`{YH$ à^md n‹S>Vm h¡&

AmpñV Xo`Vm à~§YZ g{‘{V (EëH$mo) Ûmam Bg pñW{V H$s {ZJamZr H$s OmVr h¡ Am¡a {ZXoeH$ ‘§S>b Ûmam


II. NOTES TO ACCOUNTS – GENERAL FUND

1. Agency Account

As Exim Bank is acting only in the capacity of an agency to facilitate certain transactions in Iraq relating to Indian contractors, foreign currency receivables advised to the Bank equivalent to ` 47.53 billion (previous year 44.79 billion) held on agency account including a sum of 42.95 billion (previous year ` 40.48 billion) assigned to Government of India (GOI) are not included in the above Balance Sheet.

2. Income-Tax

The capital of the Bank is wholly subscribed by the Central Government and the Bank does not have any share capital. The balance of profit transferable to the Central Government in accordance with Section 23 (2) of the Export-Import Bank of India Act, 1981 is not termed as dividend. Consequently, dividend distribution tax is considered not payable, in the light of the judgement passed by the Income Tax Appellate Tribunal in case no. ITA No. 2025 / Mum / 2000 on December 18, 2006 and hence, no provision has been made for the same.

3. a) Contingent Liabilities

Guarantees include expired guarantees amounting to ` 4.85 billion (previous year ` 1.24 billion), yet to be cancelled in the books. Contingent liabilities include invoked Counter Bank Guarantees aggregating US$ 31.39 million (equivalent ` 2.20 billion as on March 31, 2019) issued on behalf of Elsamex S.A., Spain, a step-down subsidiary of IL&FS. The payment has been stayed by the Hon’ble High Court of Bombay under the invoked Counter Bank Guarantees. The matter is currently subjudice. Consequently, the payment has not been made. However, as a matter of abundant caution, the Bank has made a provision for 50% of the amount against the said contingent liability.

b) Claims not acknowledged as debts

The amount of ` 7.22 billion (previous year ` 2.31 billion) shown under Contingent Liabilities as “Claims on the Bank not acknowledged as debts”, pertains to claims/counter-claims filed against the Bank mostly by Bank’s defaulting borrowers in response to legal action initiated against them by the Bank. None of the claims/counter-claims is considered as maintainable in the opinion of Bank’s solicitors and none of them has reached the stage of final hearing. Based on professional advice, no provision is considered necessary.

c) Forward Exchange Contracts, Currency/Interest Rate Swaps

i) The outstanding forward exchange contracts as at March 31, 2019 have been fully hedged. The Bank undertakes derivatives transactions (Interest Rate Swaps, Forward Rate Agreements and Currency-cum-interest rate swaps), for the purpose of Asset-Liability management as per RBI guidelines issued vide circular Ref. No. MPD.BC.187/07.01.279/1999-2000 dated July 7, 1999 and thereafter. The Bank also unwinds and re-enters such transactions based on requirements/market conditions. The outstanding derivative transactions are captured in the interest rate sensitivity position, which is monitored by the Asset-Liability Management Committee (ALCO) and reviewed by the Board. The credit equivalent of derivatives is arrived at as per ‘Current Exposure’ method prescribed by RBI. The fair value and the price value of a basis point (PV01) of derivatives are disclosed separately in the ‘Notes to Accounts’ as stipulated by RBI. The premium or discount arising at inception of forward exchange contracts


110110 dm{f©H$ [anmoQ>© 2018-19

g‘rjm H$s OmVr h¡& S>o[ado{Q>d Ho$ F$U g‘Vwë` H$s JUZm ^maVr` [aµOd© ~¢H$ Ûmam {ZYm©[aV "{dÚ‘mZ F$U

Omo{I‘' nÕ{V Ho$ AZwgma H$s OmVr h¡& S>o[ado{Q>d Ho$ AmYma q~Xw (nrdr 01) Ho$ ’o$¶a d¡ë¶y VWm àmBg

d¡ë¶y H$mo ^maVr` [aµOd© ~¢H$ Ûmam {ZYm©[aV AZwgma "boIm| na {Q>ßn{U`m|' ‘| AbJ go àH$Q> {H$`m J`m h¡&

dm`Xm Xa g¨{dXmAm| go hmoZo dmbo bm^ `m hm{Z H$mo g¨{dXm H$s nyar Ad{Y Ho$ {bE n[aemo{YV {H$`m J`m h¡&

dm`Xm {d{Z‘` g¨{dXmAm| Ho$ {ZañVrH$aU go CËnÝZ hmoZo dmbo bm^ `m hm{Z H$mo df© Ho$ {bE Am`/ì`` Ho$

ê$n ‘| {hgm~ ‘| {b`m OmVm h¡&

ii) ~¢H$ H$mo J«mhH$m|/J¡a-J«mhH$m| Ho$ {bE 'bm°ÝJ S>oQ>oS> ’$m°aoZ H$a§gr - ê$nr ñd¡ßg' g¨ì`dhmam| Ho$ {bE '‘mH}$Q> ‘oH$a" H$s ^y{‘H$m {Z^mZo H$s AZw‘{V àmá h¡&

K) ‘wÐm {d{Z‘` Xa Ho$ CVma-M‹T>md na bm^/hm{Z

{dXoer ‘wÐm ‘| C{„pIV AmpñV`m| VWm Xo`VmAm| H$mo df© Ho$ A§V ‘| ^maVr` {dXoer ‘wÐm S>rba g¨K (’o$S>mB©) Ûmam

A{Ygy{MV Xam| na A§V[aV {H$`m OmVm h¡& Am` VWm ì`` ‘Xm| H$mo dm{f©H$ Am¡gV {d{Z‘` Xa na A§V[aV {H$`m

OmVm h¡& Mmby df© Ho$ Xm¡amZ {dXoer ‘wÐm n[aMmbZm| go A{O©V Ed§ Ym[aV Am` Ho$ A§VaUm| na gm§Ho${VH$ bm^

` 0.07 {~{b`Z (JV df© ` 0.13 {~{b`Z H$s gm§Ho${VH$ hm{Z) h¡&

4. gyú‘, bKw Ed§ ‘Ü`‘ CÚ‘ A{Y{Z`‘, 2006 Ho$ A§VJ©V gyú‘, bKw Ed§ ‘Ü`‘ CÚ‘m| g¨~§{YV àH$Q>rH$aU: gyú‘,

bKw Ed§ ‘Ü`‘ CÚ‘m| H$mo {db§{~V ^wJVmZ g¨~§Yr H$moB© ‘m‘bm àH$me ‘| Zht Am`m h¡&

5. ^maVr` [aµOd© ~¢H$ Ûmam Ano{jV AZwgma A{V[aŠV gyMZm

5.1 ny±Or

H$)

(` {~{b`Z)

{ddaU`Wm

31 ‘mM©, 2019 H$moo`Wm

31 ‘mM©, 2018 H$moo(i) gm‘mÝ¶ B{¹$Q>r 109.77 58.52

(ii) A{V[a³V {Q>à 1 ny±Or 5.00 5.00

(iii) Hw$b {Q>à 1 ny±Or (i+ii) 114.77 63.52

(vi) {Q>à 2 ny±Or 8.81 10.95

(v) Hw$b ny±Or ({Q>à 1+ {Q>à 2) 123.58 74.47

(vi) Hw$b OmopI‘ ^m[aV AmpñV`m§ 648.05 719.79

(vii) gm‘mÝ¶ B{¹$Q>r AZwnmV (Hw$b OmopI‘ ^m[aV AmpñV`m| Ho$ à{VeV Ho$ ê$n ‘| H$m°‘Z B{¹$Q>r )

16.94% 8.13%

(viii) {Q>à 1 AZwnmV (Hw$b OmopI‘ ^m[aV AmpñV`m| Ho$

à{VeV Ho$ ê$n ‘| {Q>à 1 ny±Or)

17.71% 8.82%

(ix) OmopI‘ ^m[aV AmpñV`m| H$s VwbZm ‘| ny±Or

AZwnmV (grAmaEAma) (Hw$b OmopI‘ ^m[aV

AmpñV`m| Ho$ à{VeV Ho$ ê$n ‘| Hw$b ny±Or)

19.07% 10.35%

(x) ~¢H$ ‘| ^maV gaH$ma H$s eoàYm[aVm H$m à{VeV 100% 100%


is amortized over the life of the contracts. Any profit or loss arising on cancellation of forward exchange contracts is recognized as income / expense for the year.

ii) The Bank is permitted to be a ‘market maker’ for offering long-dated Foreign Currency-Rupee Swaps to clients / non-clients.

d) Profit / Loss on Exchange fluctuation

Assets and liabilities denominated in foreign currency are translated at the exchange rate notified by the Foreign Exchange Dealers’ Association of India (FEDAI) at year end. Income and expenditure items are translated at the average rates of exchange during the year. The notional profit on such translation of the retained earnings on FC operations during the current year is ` 0.07 billion (previous year notional loss of ` 0.13 billion).

4. Disclosure relating to Micro, Small and Medium Enterprises under the Micro, Small and Medium Enterprises Act, 2006: There have been no reported cases of delayed payments to Micro, Small and Medium Enterprises.

5. Additional Information as required by Reserve Bank of India

5.1 Capital

(a)

(` billion)

ParticularsAs on

March 31, 2019As on

March 31, 2018(i) Common Equity 109.77 58.52

(ii) Additional Tier 1 Capital 5.00 5.00

(iii) Total Tier 1 Capital (i+ii) 114.77 63.52

(iv) Tier 2 Capital 8.81 10.95

(v) Total Capital (Tier 1 + Tier 2) 123.58 74.47

(vi) Total Risk weighted assets (RWAs) 648.05 719.79

(vii) Common Equity Ratio (Common Equity as a percentage of RWAs)

16.94% 8.13%

(viii) Tier 1 Ratio (Tier 1 capital as a percentage of RWAs)

17.71% 8.82%

(ix)Capital to Risk weighted Assets Ratio (CRAR) (Total Capital as a percentage of RWAs)

19.07% 10.35%

(x) Percentage of the shareholding of the Government of India in the Bank

100% 100%


112112 dm{f©H$ [anmoQ>© 2018-19

{ddaU`Wm

31 ‘mM©, 2019 H$moo`Wm

31 ‘mM©, 2018 H$moo(xi) ^maV gaH$ma Ûmam àXmZ H$s JB© B{¹$Q>r ny±Or am{e 50.00 5.00

(xii) OwQ>mB© JB© {Q>à 1 ny±Or, {Og‘| go

H$) ~o{‘`mXr J¡a-g§M`r A{Y‘mZr eoà

I) ~o{‘`mXr F$U {bIV

eyÝ¶

eyÝ¶

eyÝ¶

eyÝ¶(xiii) OwQ>mB© JB© {Q>à 1 ny±Or, {Og‘| go

H$) F$U ny±Or {bIV|

I) ~o{‘`mXr J¡a-g§M`r A{Y‘mZr eoà

J) à{VXo` J¡a-g§M`r A{Y‘mZr eoà

K) à{VXo` g§M`r A{Y‘mZr eoà

eyÝ¶

eyÝ¶

eyÝ¶

eyÝ¶

eyÝ¶

eyÝ¶

eyÝ¶

eyÝ¶

I) Wm 31 ‘mM©, 2019 H$mo {Q>à-II ny±Or Ho$ ê$n ‘| OwQ>mE JE Am¡a ~H$m`m Jm¡U F$U H$s am{e… ` eyÝ¶ (JV df©:

` eyÝ¶)

J) OmopI‘ ^m[aV AmpñV`m§

(` {~{b`Z)

{ddaU `Wm 31 ‘mM©, 2019 H$moo

`Wm 31 ‘mM©, 2018 H$moo

(i) VwbZ-nÌ ‘| 'em{‘b' ‘X| 490.99 579.05

(ii) VwbZ-nÌ ‘| 'em{‘b Zht H$s JB©' ‘X| 157.06 140.74

K) VwbZ-nÌ H$s VmarI H$mo eoàYm[aVm H$m ñdê$n: ^maV gaH$ma Ûmam nyU©V… A{^XÎm ny°±Or&

• OmopI‘ AmpñV`m| H$s VwbZm ‘| ny±Or H$m AZwnmV (grAmaEAma) Am¡a AÝ` g§~§{YV ‘mZX§S>m| H$m {ZYm©aU

^maVr` [aµOd© ~¢H$ Ûmam {dÎmr` g¨ñWmAm| Ho$ {bE {ZYm©[aV ny±Or n`m©áVm ‘mZX§S>m| Ho$ AZwgma {H$`m J`m h¡&

• ~mgob III ‘mZH$m| g{hV ^maVr` [aµOd© ~¢H$ Ûmam {ZYm©[aV g§emo{YV ê$naoIm A^r ‘gm¡Xm MaU ‘| h¡& ~¢H$

grAmaEAma Ho$ {ZYm©aU hoVw ~mgob III ‘mZH$m| H$mo BZHo$ à^mdr hmoZo H$s VmarI go bmJy H$aoJm& ^maVr` [aµOd© ~¢H$ go A§{V‘ A{YgyMZm àVr{jV h¡&

5.2 {Z~ªY Ama{jV {Z{Y`m§ Ed§ àmdYmZ

H$) ‘mZH$ AmpñV`m| na àmdYmZ

(` {~{b`Z)

{ddaU 2018-19 2017-18

‘mZH$ AmpñV`m| H$o {bE àmdYmZ (17.43) 14.08

(` {~{b`Z)


ParticularsAs on

March 31, 2019As on

March 31, 2018(xi) Amount of equity capital infused by the

Government of India

50.00 5.00

(xii) Amount of Tier 1 capital raised; of whicha) Perpetual Non-Cumulative

Preference Shares (PNCPS);b) Perpetual Debt Instruments (PDI)

Nil

Nil

Nil

Nil(xiii) Amount of Tier 1 capital raised; of which

a) Debt Capital Instrumentsb) Perpetual Non-Cumulative

Preference Shares (PNCPS);c) Redeemable Non-Cumulative

Preference Shares (RNCPS)d) Redeemable Cumulative Preference

Shares (RCPS)

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

(b) The amount of subordinated debt raised and outstanding as on March 31, 2019 as Tier-II capital: ` NIL (previous year: ` Nil).

(c) Risk weighted assets

(` billion)

ParticularsAs on

March 31, 2019As on

March 31, 2018(i) ‘On’ balance sheet items 490.99 579.05(ii) ‘Off’ balance sheet items 157.06 140.74

(d) The share holding pattern as on the date of the balance sheet: Capital wholly subscribed by the Government of India.

• The CRAR and other related parameters have been determined as per the extant capitaladequacy norms prescribed by RBI for the Financial Institutions (FIs).

• TherevisedFrameworktobeprescribedbytheRBI, includingtheBasel IIInorms,isstillatdraft stage. The Bank will implement Basel III norms for determining CRAR from the date they become effective. However, the final notification from RBI is awaited.

5.2 Free Reserves and Provisions

(a) Provisions on Standard Assets

(` billion)

Particulars 2018-19 2017-18(i) Provisions towards Standard Assets (17.43) 14.08

(` billion)


114114 dm{f©H$ [anmoQ>© 2018-19

I) AñWm¶r àmdYmZ

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{ddaU 2018-19 2017-18

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(I) boIm df© ‘| {H$E JE AñWm`r àmdYmZm| H$s am{e - -

(J) boIm df© Ho$ Xm¡amZ AmhaU Ûmam H$‘ hþB© am{e - -

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H$) AZO©H$ A{J«‘

(` {~{b`Z)

{ddaU 2018-19 2017-18

(i) {Zdb A{J«‘m| H$s VwbZm ‘| {Zdb AZO©H$ AmpñV`m§ (%) 2.44% 3.75%

(ii) AZO©H$ AmpñV`m| ‘| KQ>-~‹T> (gH$b)

(H$) àma§{^H$ eof 119.76 99.62

(I) df© Ho$ Xm¡amZ ~‹T>moÎmar 33.63 43.24

(J) df© Ho$ Xm¡amZ H$‘r 36.61 23.10

(K) A§{V‘ eof 116.78 119.76

(iii) {Zdb AZO©H$ AmpñV`m| ‘| KQ>-~‹T>

(H$) àma§{^H$ eof 40.28 48.04


(J) df© Ho$ Xm¡amZ H$‘r 20.01 32.63

(K) A§{V‘ eof 22.88 40.28

(iv) AZO©H$ AmpñV`m| Ho$ {bE àmdYmZm| ‘| KQ>-~‹T> (‘mZH$ AmpñV`m| na àmdYmZm| H$mo N>mo‹S>H$a)

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(I) df© Ho$ Xm¡amZ {H$E JE àmdYmZ 43.73 39.27

(J) A{V[a³V àmdYmZm| H$m ~Å>m ImVm/à{VboIZ 29.31 11.38

(K) A§{V‘ eof 93.90 79.48


(b) Floating Provisions

(` billion)

Particulars 2018-19 2017-18(a) Opening balance in the floating provisions

accounts- -

(b) The quantum of floating provisions made in the accounting year

- -

(c) Amount of draw down made during the accounting year

- -

(d) Closing balance in the floating provisions account

- -

5.3 Asset Quality and Specific Provisions

(a) Non-Performing Advances

(` billion)

Particulars 2018-19 2017-18

(i) Net NPAs to Net Advances (%) 2.44% 3.75%

(ii) Movement of NPAs (Gross)

(a) Opening balance 119.76 99.62

(b) Additions during the year 33.63 43.24

(c) Reductions during the year 36.61 23.10

(d) Closing balance 116.78 119.76

(iii) Movement of Net NPAs

(a) Opening balance 40.28 48.04

(b) Additions during the year 2.61 24.87

(c) Reductions during the year 20.01 32.63

(d) Closing balance 22.88 40.28(iv) Movement of Provisions for NPAs (excluding

provisions on standard assets)

(a) Opening balance 79.48 51.59(b) Provisions made during the year 43.73 39.27(c) Write off/write back of excess provisions 29.31 11.38(d) Closing balance 93.90 79.48


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(J) df© Ho$ Xm¡amZ H$‘r 0.11 0.54

(K) A§{V‘ eof 5.55 3.04(iii) {Zdb AZO©H$ {Zdoem| ‘| KQ>-~‹T>(H$) àma§{^H$ eof 0.46 0.0042


(J) df© Ho$ Xm¡amZ H$‘r 0.31 0.0042

(K) A§{V‘ eof 0.34 0.4554(iv) AZO©H$ {Zdoem| Ho$ {bE àmdYmZm| ‘| KQ>-~‹T>

(‘mZH$ AmpñV`m| na àmdYmZm| H$mo N>mo‹S>H$a)(H$) àma§{^H$ eof 2.58 1.63(I) df© Ho$ Xm¡amZ {H$E JE àmdYmZ 2.71 1.51


(K) A§{V‘ eof 5.21 2.58

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(` {~{b`Z)

{ddaU 2018-19 2017-18

(i){Zdb AmpñV`m| H$s VwbZm ‘| {Zdb AZO©H$ AmpñV`m§ (A{J«‘ + {Zdoe) (%)

2.26% 3.60%

(ii) AZO©H$ AmpñV`m| ‘| KQ>-~‹T> (gH$b A{J«‘ + gH$b {Zdoe) (H$) àma§{^H$ eof 122.80 101.25


(J) df© Ho$ Xm¡amZ H$‘r 36.72 23.64

(K) A§{V‘ eof 122.33 122.80

(iii) AZO©H$ AmpñV`m| ‘| KQ>-~‹T>(H$) àma§{^H$ eof 40.74 48.0442


(J) df© Ho$ Xm¡amZ H$‘r 20.32 32.6342

(K) A§{V‘ eof 23.22 40.7354(iv) AZO©H$ AmpñV`m| Ho$ {bE àmdYmZm| ‘| KQ>-~‹T>

(‘mZH$ AmpñV`m| na {H$E JE àmdYmZm| H$mo N>mo‹S>H$a) (H$) àma§{^H$ eof 82.06 53.22

(I) df© Ho$ Xm¡amZ {H$E JE àmdYmZ 46.44 40.78


(K) A§{V‘ eof 99.11 82.06


(b) Non-Performing Investments

(` billion)

Particulars 2018-19 2017-18(i) Net NPIs to Net Investments (%) 0.36% 0.80%(ii) Movement of NPIs (Gross)

(a) Opening balance 3.04 1.63(b) Additions during the year 2.62 1.95(c) Reductions during the year 0.11 0.54(d) Closing balance 5.55 3.04

(iii) Movement of Net NPIs(a) Opening balance 0.46 0.0042(b) Additions during the year 0.19 0.4554(c) Reductions during the year 0.31 0.0042(d) Closing balance 0.34 0.4554

(iv) Movement of Provisions for NPIs (excluding provisions on standard assets)

(a) Opening balance 2.58 1.63(b) Provisions made during the year 2.71 1.51(c) Write off/write back of excess provisions 0.08 0.56(d) Closing balance 5.21 2.58

(c) Non-Performing Assets (a+b)

(` billion)

Particulars 2018-19 2017-18(i) Net NPAs to Net Assets (Advances + Investments) (%) 2.26% 3.60%(ii) Movement of NPAs (Gross Advances + Gross Investments)

(a) Opening balance 122.80 101.25(b) Additions during the year 36.25 45.19(c) Reductions during the year 36.72 23.64(d) Closing balance 122.33 122.80

(iii) Movement of Net NPAs(a) Opening balance 40.74 48.0442(b) Additions during the year 2.80 25.3254(c) Reductions during the year 20.32 32.6342(d) Closing balance 23.22 40.7354

(iv) Movement of Provisions for NPAs (excluding provisions on standard assets)

(a) Opening balance 82.06 53.22(b) Provisions made during the year 46.44 40.78(c) Write off/write back of excess provisions 29.39 11.94(d) Closing Balance 99.11 82.06


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No.

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(ope

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*

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dur

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the

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--

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120120 dm{f©H$ [anmoQ>© 2018-19

5.5 AZO©H$ AmpñV`m| ‘| KQ>-~‹T> (` {~{b`Z)

{ddaU 2018-19 2017-18

`Wm 1 Aà¡b H$mo gH$b AZO©H$ AmpñV`m§ (àma§{^H$ eof) 119.76 99.62

df© Ho$ Xm¡amZ ~‹T>V (ZB© AZO©H$ AmpñV`m§) 28.35 40.93

ã`mO {ZYr`Z 2.53 2.06

{d{Z‘` Xa KQ>-~‹T> 2.75 0.25

CnI§S> `moJ (H$) 153.39 142.86

KQ>mE§…

(i) CÝZ`Z 2.51 3.13

(ii) dgybr (CÝZV ImVm| go dgybr H$mo N>mo‹S>H$a) 15.16 5.38

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(v) {d{Z‘` Xa KQ>-~‹T> - -

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`Wm AmJm‘r df© H$s 31 ‘mM© H$mo gH$b AZO©H$ AmpñV`m§ (A§{V‘ eof) (H$-I)

116.78 119.76

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0.09 0.0007

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5.7 {dXoer AmpñV`m§, AZO©H$ AmpñV`m§ Am¡a amOñd

(` {~{b`Z)

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Hw$b AmpñV`m§ 86.89 95.26

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5.5 Movement of Non-Performing Assets

(` billion)


Gross NPAs as on 1st April (Opening balance) 119.76 99.62

Additions (Fresh NPAs) during the year 28.35 40.93Interest funding 2.53 2.06

Exchange Fluctuation 2.75 0.25

Sub Total (A) 153.39 142.86

Less:(i) Upgradations 2.51 3.13(ii) Recoveries (excluding recoveries made from

upgraded accounts)15.16 5.38

(iii) Technical/Prudential write offs 11.88 14.34(iv) Write offs other than those under (iii) above 7.06 0.25(v) Exchange Fluctuation - -Sub Total (B) 36.61 23.10Gross NPAs as on 31st March (closing balance) (A-B) 116.78 119.76

Gross NPAs as per Appendix Part C-2 of RBI Master Circular DBR.No.BP.BC.2/21.04.048/ 2015-16 dated July 1, 2015.

5.6 Write-offs and Recoveries

(` billion)


Opening balance of Technical/Prudential written off accounts as at 1st April

20.38 6.04

Add: Technical/Prudential write offs during the year 11.88 14.34Add: Exchange Fluctuation 0.75 -Sub Total (A) 33.01 20.38

Less: Recoveries made from previously technical/ prudential written off accounts during the year (B)

0.09 0.0007

Closing balance as on 31st March (A-B) 32.92 20.38

5.7 Overseas Assets, NPAs and Revenue

(` billion)


Total Assets 86.89 95.26

Total NPAs 1.31 5.62

Total Revenue 5.02 6.99 The above figures pertain to Bank’s London branch, which started operations in October, 2010.


122122 dm{f©H$ [anmoQ>© 2018-19

5.8 {Zdoem| na ‘yë`õmg Am¡a àmdYmZ

(` {~{b`Z)

{ddaU 2018-19 2017-18

(1) {Zdoe(i) gH$b {Zdoe 113.40 73.11

H$) ^maV ‘| 112.63 72.33

I) ^maV go ~mha 0.77 0.78

(ii) ‘yë`õmg Ho$ {bE àmdYmZ 20.12 16.14

H$) ^maV ‘| 19.55 15.56

I) ^maV go ~mha 0.57 0.58

(iii) {Zdb {Zdoe 93.28 56.97

H$) ^maV ‘| 93.08 56.77

I) ^maV go ~mha 0.20 0.20

(2) {Zdoem| na ‘yë`õmg Ho$ {bE {H$E JE àmdYmZm| ‘| KQ>-~‹T>

(i) àma§{^H$ eof 16.14 10.52

(ii) Omo‹S>|… df© Ho$ Xm¡amZ {H$E JE àmdYmZ 4.83 5.62

(iii) df© Ho$ Xm¡amZ {Zdoe ApñWa Ama{jV {Z{Y ImVo go {d{Z`moOZ, `{X H$moB© h¡

- -

(iv) KQ>mE§… df© Ho$ Xm¡amZ A{V[a³V àmdYmZm| na ~Å>m ImVm/à{VboIZ

0.85 -

(v) KQ>mE§… ApñWa Ama{jV {Z{Y ImVo ‘| hñVm§VaU, `{X H$moB© h¡

- -

(vi) A§{V‘ eof 20.12 16.14

5.9 àmdYmZ Am¡a AmH$pñ‘H$ ì``

(` {~{b`Z)

bm^ Ed§ hm{Z erf© Ho$ A§VJ©V {XImE JE àmdYmZm| Am¡a AmH$pñ‘H$ ì`` H$m {ddaU

2018-19 2017-18

{Zdoe na ‘yë`õmg Ho$ {bE àmdYmZ 1.49 5.58

AZO©H$ AmpñV Ho$ {bE àmdYmZ 14.47 26.84

Am`H$a Ho$ {bE {H$E JE àmdYmZ 1.06 (13.06)

AÝ` àmdYmZ Am¡a AmH$pñ‘H$ ì``* 1.19 0.0024

*bm^mWu Ûmam BZdmoH$ H$s JB© ~¢H$ Jma§{Q>`m| na 31.39 {‘{b`Z `yEg S>m°ba Ho$ BZdmoHo$eZ Ho$ {bE 50% Ho$ àmdYmZ na

`$ 1.10 {~{b`Z H$s am{e Am¡a XoeJV OmopI‘ àmdYmZm| Ho$ {bE ` 0.091 {~{b`Z H$s am{e em{‘b h¡&


5.8 Depreciation and Provision on Investments

(` billion)

Particulars 2018-19 2017-18(1) Investments

(i) Gross Investments 113.40 73.11a) In India 112.63 72.33b) Outside India 0.77 0.78

(ii) Provision for Depreciation 20.12 16.14a) In India 19.55 15.56b) Outside India 0.57 0.58

(iii) Net Investments 93.28 56.97a) In India 93.08 56.77b) Outside India 0.20 0.20

(2) Movement of provision held towards depreciation on investments

(i) Opening balance 16.14 10.52(ii) Add: Provisions made during the year 4.83 5.62(iii) Appropriation, if any, from Investment

Fluctuation Reserve Account during the year- -

(iv) Less: Write off/write back of excess provisions during the year

0.85 -

(v) Less: Transfer, if any, to Investment Fluctuation Reserve Account

- -

(vi) Closing balance 20.12 16.14

5.9 Provisions and Contingencies

(` billion)

Break up of ‘Provisions and Contingencies’ shown under the head Expenditure in Profit and Loss Account

2018-19 2017-18

Provision for depreciation on Investment 1.49 5.58

Provision towards NPA 14.47 26.84

Provision made towards Income tax 1.06 (13.06)

Other Provisions and Contingencies* 1.19 0.0024 *Includes ` 1.10 billion on account of 50% provisioning for invocation of US$ 31.39 million on account of Bank Guarantees

invoked by Beneficiary and ` 0.091 billion on account of Country Risk Provisioning.


124124 dm{f©H$ [anmoQ>© 2018-19

5.10 àmdYmZ H$daoO AZwnmV

{ddaU 2018-19 2017-18

àmdYmZ H$daoO AZwnmV 84.72% 71.26%

6. {Zdoe nmoQ>©’$mo{b`mo… g§KQ>H$ Ed§ n[aMmbZ

6.1 aonmo boZ-XoZ

dV©‘mZ df©:

(` {~{b`Z)

{ddaUdf© Ho$ Xm¡amZ

Ý`yZV‘ ~H$m`m

df© Ho$ Xm¡amZ A{YH$V‘ ~H$m`m

df© Ho$ Xm¡amZ X¡{ZH$ Am¡gV

~H$m`m

`Wm 31 ‘mM©, 2019 H$mo ~H$m`m

aonmo A§VJ©V ~oMr JB© à{V^y{V`m§

i) gaH$mar à{V^y{V`m§ - - - -

ii) H$m°nm}aoQ> F$U à{V^y{V`m§ - - - -

[adg© aonmo Ho$ A§VJ©V IarXr JB© à{V^y{V`m§

i) gaH$mar à{V^y{V`m§ - - - -


JV df©…(` {~{b`Z)

{ddaUdf© Ho$ Xm¡amZ

Ý`yZV‘ ~H$m`mdf© Ho$ Xm¡amZ

A{YH$V‘ ~H$m`m

df© Ho$ Xm¡amZ X¡{ZH$ Am¡gV

~H$m`m

`Wm 31 ‘mM©, 2018 H$mo ~H$m`m

aonmo Ho$ A§VJ©V ~oMr JB© à{V^y{V`m§i) gaH$mar à{V^y{V`m§ - - - -


[adg© aonmo Ho$ A§VJ©V IarXr JB© à{V^y{V`m§i) gaH$mar à{V^y{V`m§ - - - -



5.10 Provision Coverage Ratio

Particulars 2018-19 2017-18Provision Coverage Ratio 84.72% 71.26%

6. Investment Portfolio: Constitution and Operations

6.1 Repo Transactions

Current Year:

(` billion)

Particulars

Minimum outstanding during the

year

Maximum outstanding during the

year

Daily Average outstanding during the

year

Outstanding as on March

31, 2019

Securities sold under reposi) Government Securities - - - -ii) Corporate Debt Securities - - - -Securities Purchased under reverse reposi) Government Securities - - - -ii) Corporate Debt Securities - - - -

Previous Year:

(` billion)

Particulars

Minimum outstanding during the

year

Maximum outstanding

during the year

Daily Average

outstanding during the

year

Outstanding as on March

31, 2018

Securities sold under reposi) Government Securities - - - -ii) Corporate Debt Securities - - - -Securities Purchased under reverse reposi) Government Securities - - - -ii) Corporate Debt Securities - - - -


126126 dm{f©H$ [anmoQ>© 2018-19

6.2 F$U à{V^y{V`m| ‘| {Zdoe Ho$ {bE {ZdoeH$Vm© H$s O‘mam{e`m| H$m àH$Q>rH$aU

dV©‘mZ df©…(` {~{b`Z)

H«$.g¨. {ZdoeH$Vm© am{e

am{e

{ZOr ßbog‘|Q> Ho$ O[aE {H$`m

J`m {Zdoe

''{Zdoe J«oS> go ZrMo'' Ym[aV à{V^y{V`m§

Ym[aV ""AloUrH¥$V''

à{V^y{V`m§

Ym[aV ''AgyMr~Õ'' à{V^y{V`m§

(1) (2) (3) (4) (5) (6) (7)

1 gmd©O{ZH$ CnH«$‘ - - - - -

2 {dÎmr` g¨ñWmE§ 1.76 1.76 - 0.064 1.76**

3 ~¢H$ 0.002 0.002 - - -

4 {ZOr H$m°nm}aoQ> 28.94 28.77 - 4.87 25.52*5 AZwf§Jr g§ñWmE§/

g¨`wŠV CnH«$‘0.0032 - - 0.0032 0.0032

6 AÝ` 0.02 0.02 - - 0.027 ‘yë`õmg Ho$ {bE {H$E

JE àmdYmZ#18.81 - - - -

Hw$b 30.73 30.56 - 4.929 27.30

# H$m°b‘ 3 ‘| àH$Q> {H$E OmZo dmbo àmdYmZ H$s Ho$db Hw$b am{e

* {Og‘| go 21.23 {~{b`Z H$s O‘m am{e¶m§ AmpñV nwZgªaMZm H§$n{Z`m| (EAmagr) Ûmam Omar à{V^y{V agrXm| ‘| {Zdoe H$mo Xem©Vr h¢ Am¡a ` 4.18 {~{b`Z H$m {Zdoe F$U nwZgªaMZm Ho$ {hñgo Ho$ ê$n ‘| eo`am|/F$U nÌm| ({S>~|Mam|) ‘| h¡&

** {Og‘| go 1.36 {~{b`Z H$s O‘m am{e¶m§ maVr` [aµOd© ~¢H$ Ho$ AZw‘moXZ go {H$E JE yEg S>m°ba/^maVr` énE ‘| ñdmn Ho$ O[aE Wt& Cn`w©³V H$m°b‘ 4, 5, 6 Am¡a 7 Ho$ A§VJ©V C{„pIV am{e`m§ nmañn[aH$ ê$n go AZÝ¶ Zht h¡¨&


6.2 Disclosure of Issuer Composition for Investment in Debt Securities

Current Year:

(` billion)

Sr. No.

Issuer Amount

Amount of

Investment made

through private

placement

“Below investment

grade”Securities

held

“Unrated’’ Securities

held

“Unlisted”Securities

held

(1) (2) (3) (4) (5) (6) (7)1 PSUs - - - - -2 FIs 1.76 1.76 - 0.064 1.76**3 Banks 0.002 0.002 - - -4 Private corporates 28.94 28.77 - 4.87 25.52*5 Subsidiaries/

Joint ventures 0.0032 - - 0.0032 0.0032

6 Others 0.02 0.02 - - 0.027 Provision

held towards depreciation#

18.81 - - - -

Total 30.73 30.56 - 4.929 27.30 # Only aggregate amount of provision held to be disclosed in column 3

* Out of which ` 21.23 billion represents investment in security receipts issued by Asset Reconstruction Companies (ARCs) and ` 4.18 billion of investments are in shares/debentures acquired as part of loan restructuring.

** Out of which ` 1.36 billion were by way of US$/INR Swap undertaken with RBI approval.

Amounts reported under columns 4, 5, 6 and 7 above are not mutually exclusive.


128128 dm{f©H$ [anmoQ>© 2018-19

JV df©…(` {~{b`Z)

H«$. g¨.

{ZdoeH$Vm© am{e

am{e

{ZOr ßbog‘|Q> Ho$ O[aE {H$`m

J`m {Zdoe

''{Zdoe J«oS> go ZrMo'' Ym[aV à{V^y{V`m§

Ym[aV ""AloUrH¥$V'' à{V^y{V`m§

Ym[aV ''AgyMr~Õ'' à{V^y{V`m§

(1) (2) (3) (4) (5) (6) (7)

1 gmd©O{ZH$ CnH«$‘ - - - - -

2 {dÎmr` g¨ñWmE§ 1.99 1.99 - 0.41 1.99**

3 ~¢H$ 0.002 0.002 - 0.002 -

4 {ZOr H$m°nm}aoQ> 30.41 30.35 - 29.55 26.66*5 AZwf§Jr g§ñWmE§/

g¨`wŠV CnH«$‘0.0032 0.0032 - 0.0032 0.0032

6 AÝ` 0.02 0.02 - 0.02 0.027 ‘yë`õmg Ho$ {bE

{H$E JE àmdYmZ# 14.45 - - - -

Hw$b 32.43 32.37 - 29.99 28.67# H$m°b‘ 3 ‘| àH$Q> {H$E JE àmdYmZ H$s Hw$b am{e

* {Og‘| go ` 21.61 {~{b`Z H$s O‘m am{e¶m§ AmpñV nwZgªaMZm H§$n{Z`m| (EAmagr) Ûmam Omar à{V^y{V agrXm| ‘| {Zdoe Am¡a ` 4.19 {~{b`Z F$U nwZgªaMZm Ho$ {hñgo Ho$ ê$n ‘| eo`am|/F$U nÌm| ({S>~|Mam|) ‘| {Zdoe H$mo Xem©Vr h¢&

** {Og‘| go ` 1.58 {~{b`Z am{e Ama~rAmB© Ho$ AZw‘moXZ go {H$E JE `yEg S>m°ba/^maVr` énE ‘| ñdmn Ho$ O[aE Wt& Cn`w©³V H$m°b‘ 4, 5, 6 Am¡a 7 Ho$ A§VJ©V C{„pIV am{e`m§ nmañn[aH$ ê$n go AZÝ¶ Zht h¡¨&

6.3 EMQ>rE‘ loUr H$mo/ go {~H«$s Am¡a A§VaU

df© Ho$ Xm¡amZ Bg àH$ma H$s H$moB© {~H«$s AWdm A§VaU Zht hþAm&


Previous Year:

(` billion)

Sr. No.

Issuer Amount

Amount of

Investment made

through private

placement

“Below investment

grade”Securities

held

“Unrated” Securities

held

“Unlisted”Securities

held

(1) (2) (3) (4) (5) (6) (7)1 PSUs - - - - -2 FIs 1.99 1.99 - 0.41 1.99**3 Banks 0.002 0.002 - 0.002 -4 Private corporates 30.41 30.35 - 29.55 26.66*5 Subsidiaries/

Joint ventures 0.0032 0.0032 - 0.0032 0.0032

6 Others 0.02 0.02 - 0.02 0.027 Provision

held towards depreciation#

14.45 - - - -

Total 32.43 32.37 - 29.99 28.67# Only aggregate amount of provision held disclosed in column 3

* Out of which ` 21.61 billion represents investment in security receipts issued by Asset Reconstruction Companies (ARCs) and ` 4.19 billion of investments are in shares/debentures acquired as part of loan restructuring.

** Out of which ` 1.58 billion were by way of US$/INR Swap undertaken with RBI approval. Amounts reported under

columns 4, 5, 6 and 7 above are not mutually exclusive.

6.3 Sale and Transfer to / from HTM Category

There has been no sale or transfer.


130130 dm{f©H$ [anmoQ>© 2018-19

7. IarXr/~oMr JB© {dÎmr` AmpñV`m| H$m {ddaU

7.1 AmpñV nwZ{Z©‘m©U Ho$ {bE à{V^y{VH$aU/nwZ{Z©‘m©U H§$nZr H$mo ~oMr JB© {dÎmr` AmpñV`m| H$m {ddaU

H$. {~H«$s H$m {ddaU(` {~{b`Z)

H«$. g¨.

{ddaU 2018-19 2017-18

(i) ImVm| H$s g§»`m 1 -(ii) AmpñV à{V^y{VH$aU/nwZ{Z©‘m©U H§$nZr H$mo ~oMo JE ImVm|

(àmdYmZm| H$mo N>mo‹S>H$a) H$m Hw$b ‘yë`2.14 -

(iii) Hw$b àm{á 2.77 -

(iv) JV dfm] ‘| hñVm§V[aV ImVm| Ho$ g§~§Y ‘| àmá A{V[a³V am{e 0.36 -

(v) {Zdb ~hr ‘yë` na Hw$b àm{á/(hm{Z) 1.00 -

• "AmpñV nwZ{Z©‘m©U H§$n{Z`m| H$mo ~oMr JB© AmpñV`m|"" H$mo Ama~rAmB© Ho$ ‘mñQ>a n[anÌ S>r~rAmoS>r g§»`m E’$AmB©S>r. E’$AmB©gr.2/01.02.00/2006-07 {XZm§{H$V 01 OwbmB©, 2006 Am¡a CgHo$ ~mX n[a^m{fV AZwgma ‘mZm J`m h¡&

I. à{V^y{V O‘mAm| ‘| {Zdoem| Ho$ ~hr ‘yë` H$m {ddaU(` {~{b`Z)

H«$. g¨.

{ddaU

à{V^y{V agrXm| ‘| {Zdoem| H$m ~hr ‘yë¶

2018-19 2017-18

(i) ~¢H$ Ûmam ~oMr JB© AZO©H$ AmpñV`m| Ûmam Jma§{Q>V 6.26 10.04

(ii) ~¢H$m|/AÝ` {dÎmr` g§ñWmAm|/J¡a-~¢qH$J {dÎmr` H§$n{Z`m| Ûmam ~oMr JB© AZO©H$ AmpñV`m| Ûmam Jma§{Q>V

- -

Hw$b 6.26 10.04

7.2 IarXr/~oMr JB© AZO©H$ {dÎmr` AmpñV`m| H$m {ddaU

H$. IarXr JB© AZO©H$ {dÎmr` AmpñV`m| H$m {ddaU (` {~{b`Z)

H«$. g¨.

{ddaU 2018-19 2017-18

1) H$) df© Ho$ Xm¡amZ IarXo JE ImVm| H$s g§»`m - -

I) Hw$b ~H$m`m - -

2) H$) BZ‘| go df© Ho$ Xm¡amZ nwZgªa{MV ImVm| H$s g§»`m - -

I) Hw$b ~H$m`m - -


7. Details of Financial Assets Purchased/Sold

7.1 Details of Financial Assets sold to Securitisation (SC)/Reconstruction (RC) Company for Asset Reconstruction

A. Details of Sales

(` billion)

Sr. No.


(i) No. of Accounts 1 -(ii) Aggregate value (net of provisions) of accounts sold to SC/RC 2.14 -(iii) Aggregate consideration 2.77 -(iv) Additional Consideration realised in respect of accounts

transferred in earlier years0.36 -

(v) Aggregate gain/(loss) over net book value 1.00 -

• The“AssetssoldtoReconstructionCompanies”havebeenreckonedasdefinedinRBIMasterCircularDBODNo.FID.FIC.2/01.02.00/2006-07 dated July 01, 2006 and thereafter.

B. Details of Book value of Investments in Security Receipts

(` billion)

Sr. No.

ParticularsBook value of Investments

in Security receipts

2018-19 2017-18(i) Backed by NPAs sold by the Bank as underlying 6.26 10.04(ii) Backed by NPAs sold by banks/other financial institutions/

non-banking financial companies as underlying- -

Total 6.26 10.04

7.2 Details of Non Performing Financial Assets Purchased/Sold

A. Details of Non Performing financial assets purchased

(` billion)

Sr. No.


1) a) No. of accounts purchased during the year - -b) Aggregate outstanding - -

2) a) Of these, number of accounts restructured during the year

- -

b) Aggregate outstanding - -


132132 dm{f©H$ [anmoQ>© 2018-19

I. ~oMr JB© AZO©H$ {dÎmr` AmpñV`m| H$m {ddaU(` {~{b`Z)

H«$. g¨.

{ddaU 2018-19 2017-18

1) ~oMo JE ImVm| H$s g§»`m 1 1

2) Hw$b ~H$m`m 1.38 1.96

3) Hw$b àmá am{e 0.44 1.71

8. n[aMmbZ n[aUm‘

H«$. g¨.

{ddaU 2018-19 2017-18

(i) Am¡gV H$m`©erb {Z{Y`m| Ho$ à{VeV Ho$ ê$n ‘| ã`mO Am` 7.82 7.24

(ii) Am¡gV H$m`©erb {Z{Y`m| Ho$ à{VeV Ho$ ê$n ‘| J¡a-ã`mO Am` 0.33 0.47

(iii) Am¡gV H$m`©erb {Z{Y`m| Ho$ à{VeV Ho$ ê$n ‘| n[aMmbZ bm^ 1.85 1.70

(iv) Am¡gV AmpñV`m| na à{V’$b 0.07 (2.42)

(v) à{V (ñWm`r) H$‘©Mmar {Zdb bm^/(hm{Z) (` {~{b`Z ‘|) 0.002 (0.086)

• n[aMmbZ n[aUm‘m| Ho$ {bE H$m`©erb {Z{Y`m| Am¡a Hw$b AmpñV`m| H$mo JV boIm df© Ho$ A§V VWm [anmoQ>© Ho$ A§VJ©V boIm df© Ho$ A§V Ho$ Am§H$‹S>m| Ho$ Am¡gV Ho$ ê$n ‘| {b`m J`m h¡ (""H$m`©erb {Z{Y`m|'' H$m g§X^© Hw$b AmpñV`m| go h¡)&

• à{V H$‘©Mmar {Zdb bm^ H$s JUZm Ho$ {bE g^r H¡$S>am| Ho$ ñWm`r, nyU©H$m{bH$ H$‘©Mm[a`m| H$mo {b`m J`m h¡&

9. F$U g§Ho¨$ÐU OmopI‘

9.1 ny±Or ~mOma EŠgnmoOa

H«$. g¨.

{ddaU 2018-19 2017-18

(i) B{¹$Q>r eoàm|, n[adV©Zr` ~m°ÝS>m|/{S>~|Mam| Am¡a B{¹$Q>r CÝ‘wI å`wMwAb ’§$S> `y{ZQ²>g ‘| àË`j {Zdoe, {OZH$m {Zdoe Ho$db H$m°nm}aoQ> F$U ‘| hr Zht h¡;

- -

(ii) eoàm| (AmB©nrAmo / B©gm°n g{hV) n[adV©Zr` ~m°ÝS>m| / n[adV©Zr` {S>~|Mam| Am¡a B{¹$Q>r CÝ‘wI å`wMwAb ’§$S>m| H$s `y{ZQ²g ‘| {Zdoe Ho$ {bE eoàm| / ~m°ÝS>m| / {S>~|Mam| AWdm AÝ` à{V^y{V`m| Ho$ EdO ‘| A{J«‘ AWdm J¡a à{V^y{V AmYma na ì`{º$`m| H$mo A{J«‘;

- -

(iii) AÝ` CÔoí`m| Ho$ {bE A{J«‘, Ohm§ eoàm| `m n[adV©Zr` ~m°ÝS>m|/ {S>~|Mam| `m B{¹$Q>r CÝ‘wI å`wMwAb ’§$S>m| H$s `y{ZQ²>g H$mo àmW{‘H$ à{V^y{V Ho$ ê$n ‘| {b`m J`m h¡;

- -


B. Details of Non Performing financial assets sold

(` billion)

Sr. No.


1) No. of accounts sold 1 12) Aggregate outstanding 1.38 1.963) Aggregate consideration received 0.44 1.71

8. Operating Results

Sr. No.


(i) Interest income as a percentage to average working funds 7.82 7.24(ii) Non-interest income as a percentage to average working

funds0.33 0.47

(iii) Operating profit as a percentage to average working funds 1.85 1.70(iv) Return on average assets 0.07 (2.42)(v) Net Profit/(Loss) per (permanent) employee (in ` billion) 0.002 (0.086)

• Foroperatingresults,theworkingfundsandtotalassetshavebeentakenastheaverageofthefiguresasattheendof the previous accounting year and the end of the accounting year under report (The “working funds” refer to the total assets).

• Allpermanent,full-timeemployeesinallcadreshavebeenreckonedforcomputingperemployeenetprofit.

9. Credit Concentration Risk

9.1 Capital Market Exposure

Sr. No.


(i) Direct investment in equity shares, convertible bonds, convertible debentures and units of equity oriented mutual funds the corpus of which is not exclusively invested in corporate debt;

- -

(ii) Advances against shares/bonds/debentures or other securities or on clean basis to individuals for investment in shares (including IPOs/ESOPs), convertible bonds, convertible debentures and units of equity oriented mutual funds;

- -

(iii) Advances for any other purposes where shares or convertible bonds or convertible debentures or units of equity oriented mutual funds are taken as primary security;

- -


134134 dm{f©H$ [anmoQ>© 2018-19

H«$. g¨.

{ddaU 2018-19 2017-18

(iv) AÝ` CÔoí`m| Ho$ {bE A{J«‘ Ohm§ eoàm| m n[adV©Zr` ~m°ÝS>m|/{S>~|Mam| `m B{¹$Q>r CÝ‘wI å`wMwAb ’§$S> `y{ZQ²>g H$s H$mob¡Q>ab {gŠ`w[aQ>r, AWm©V Eogo CÔoí` Ohm§ eoàm|/n[adV©Zr` ~m°ÝS>m|/{S>~|Mam| m B{¹$Q>r CÝ‘wI å`wMwAb ’§$S> `y{ZQ²>g Ho$ Abmdm àmW{‘H$ à{V^y{V A{J«‘m| H$mo nyar Vah H$da Zht H$aVr;

- -

(v) eoà Xbmbm| H$mo O‘mZVr Am¡a J¡a-O‘mZVr A{J«‘ VWm eoà Xbmbm| Am¡a ‘mH}$Q>‘oH$g© H$s Amoa go Omar Jma§{Q>`m§; - -

(vi) g§gmYZ OwQ>mZo Ho$ {bE H$m°nm}aoQ²>g H$mo ZB© H§$n{Z`m| ‘| àdV©H$ B{¹$Q>r boZo Ho$ {bE eoàm|/~m°ÝS>m|/{S>~|Mam| `m AÝ` à{V^y{V`m| Ho$ noQ>o `m ~oO‘mZVr F$Um| H$s ‘§Oyar;

- -

(vii) g§^m{dV B{¹$Q>r àdmh/{ZJ©‘m| Ho$ ~Xbo nyaH$ F$U; - -

(viii) eoàm| `m n[adV©Zr` ~m°ÝS>m|/{S>~|Mam| `m B{¹$Q>r CÝ‘wI å`wMwAb ’§$S> `y{ZQ²>g H$s àmW{‘H$ {ZJ©‘ H$s IarX Ho$ g§~§Y ‘| ~¢H$ Ûmam Xr JB© hm‘rXmar à{V~ÕVmE§;

- -

(ix) eoà Xbmbm| H$mo ‘m{O©Z Q´>oqS>J Ho$ {bE {dÎmnmofU; - -

(x) CÚ‘ ny±OrJV {Z{Y`m| (n§OrH¥$V Am¡a An§OrH¥$V XmoZm|) Ho$ {bE g^r EŠgnmoOa - -

ny±Or ~mOma ‘o| Hw$b EŠgnmoOa - -

9.2 XoeJV OmopI‘ EŠgnmoOa(` {~{b`Z)

OmopI‘ loUr¶Wm ‘mM© 2019 H$mo E³gnmoOa (ZoQ>)

‘mM© 2019 H$mo àmdYmZ

¶Wm ‘mM© 2018 H$mo E³gnmoOa (ZoQ>)

‘mM© 2018 H$mo àmdYmZ

ZJÊ` 87.61 0.09 98.42 -

Ý`yZ 380.07 - 325.94 -

‘Ü`‘ 242.19 - 249.59 -

Cƒ 144.14 - 97.22 -

~hþV Á`mXm 59.95 - - -

à{V~§{YV - - 90.73 -

Am°’$ H«o${S>Q> - - - -

Hw$b 913.96 0.09 861.90 -


Sr. No.


(iv) Advances for any other purposes to the extent secured by the collateral security of shares or convertible bonds or convertible debentures or units of equity oriented mutual funds i.e. where the primary security other than shares/ convertible bonds/convertible debentures/units of equity oriented mutual funds does not fully cover the advances;

- -

(v) Secured and unsecured advances to stockbrokers and guarantees issued on behalf of stockbrokers and market makers;

- -

(vi) Loans sanctioned to corporates against the security of shares/bonds/debentures or other securities or on clean basis for meeting promoter’s contribution to the equity of new companies in anticipation of raising resources;

- -

(vii) Bridge loans to companies against expected equity flows/ issues;

- -

(viii) Underwriting commitments taken up by the Bank in respect of primary issue of shares or convertible bonds or convertible debentures or units of equity oriented mutual funds;

- -

(ix) Financing to stockbrokers for margin trading; - -(x) All exposures to Venture Capital Funds (both registered and

unregistered)- -

Total Exposure to Capital Market - -

9.2 Exposure to Country Risk

(` billion)

Risk CategoryExposure (net) as at

March 2019

Provision held as at

March 2019

Exposure (net) as at

March 2018

Provision held as at

March 2018

Insignificant 87.61 0.09 98.42 -Low 380.07 - 325.94 -Moderate 242.19 - 249.59 -High 144.14 - 97.22 -Very High 59.95 - - -Restricted - - 90.73 -Off-credit - - - -Total 913.96 0.09 861.90 -


136136 dm{f©H$ [anmoQ>© 2018-19

9.3 aUZr{VH$ F$U nwZgªaMZm (EgS>rAma) `moOZm(` {~{b`Z)

ImVm| H$s g§»`m Hw$b ~H$m`m am{e B{¹$Q>r ‘| n[ad{V©V G$U H$s am{e

1 - 0.08

9.4 X~mdJ«ñV AmpñV`m| H$s g§dhZr` g§aMZm `moOZm (Eg4E) Ho$ A§VJ©V EŠgnmoOa(` {~{b`Z)

{ddaUEg4E bmJy ImVm|

H$s g§»¶m Hw$b ~H$m¶m

am{e

~H$m¶m am{e{H$¶m J¶m àmdYmZ

^mJ H$ ‘| ^mJ I ‘|

‘mZH$ Ho$ ê n ‘| dJuH¥$V

2 0.01 2.94 2.59 1.11

AZO©H$ AmpñV Ho$ ê n ‘| dJuH¥$V

1 1.24 1.40 0.93 1.04

9.5 ~¢H$ Ûmam {ddoH$gå‘V F$U gr‘m go A{YH$ F$U XoZo g§~§Yr ‘m‘bo-EH$b CYmaH$Vm© gr‘m/ g‘yh CYmaH$Vm© gr‘m

H$. df© Ho$ Xm¡amZ {ddoH$gå‘V F$U gr‘m go A{YH$ F$U g§~§Yr ‘m‘bo- g§»`m Am¡a am{e(` {~{b`Z)

H«$. g§.

n¡ZCYmaH$Vm© H$m

Zm‘ CÚmoJ H$moS>

CÚmoJ H$m Zm‘

joÌ{Z{YH$ am{e

J¡a-{Z{YH$ am{e

ny±OrJV {Z{Y`m| Ho$ % Ho$ ê$n ‘|

EŠgnmoOa

1. AAACM5132A‘¢Jbmoa [a’$mBZar E§S> noQ´>moHo${‘H$ëg

{b{‘Q>oS>*

23201

[a’$mB§S> noQ´ mo{b`‘ CËnmXm| H$m {d{Z‘m©U

gmd©O{ZH$ 23.51 - 31.57

2. AADCV1810BdrAmodrEb {b{‘Q>oS>*

11101

H«y$S> no-Q´ mo{b`‘ Am¡a àm-H¥${VH$ J¡g CËnmXZ

{ZOr 19.16 - 25.73

3. AABCG5231FEMnrgrEb {‘Îmb EZOu {b{‘Q>oS>*

40101{dÚwV CËnmXZ

{ZOr 16.32 - 21.92


9.3 Strategic Debt Restructuring (SDR) Scheme

(` billion)

No. ofaccounts

Aggregate amount outstanding

Amount of exposure converted into equity

1 - 0.08

9.4 Exposure on the Scheme for Sustainable Structuring of Stressed Assets (S4A)

(` billion)

ParticularsNo. of accounts where S4A has been applied

Aggregate amount

outstanding

Amount OutstandingProvision Held

In Part A In Part B

Classified as Standard

2 0.01 2.94 2.59 1.11

Classified as NPA

1 1.24 1.40 0.93 1.04

9.5 Prudential Exposure Limits – Single Borrower Limit (SBL)/Group Borrower Limit (GBL) exceeded by the Bank

A. The number and amount of exposures in excess of the prudential exposure limits during the year

(` billion)

Sr. No.

PANBorrower

NameIndustry

CodeIndustry Name

SectorAmount Funded

Amount Non-

Funded

Exposure as a %

to Capital Funds

1. AAACM5132A

Mangalore Refinery And

Petrochemicals Limited *

23201Mfg of Refined

Petroleum Products

Public 23.51 - 31.57

2. AADCV1810B VOVL Limited* 11101

Extraction of Crude

Petroleum and Natural Gas

Private 19.16 - 25.73

3. AABCG5231FHPCL Mittal

Energy Limited*

40101Generation of

ElectricityPrivate 16.32 - 21.92


138138 dm{f©H$ [anmoQ>© 2018-19

H«$. g§.

n¡ZCYmaH$Vm© H$m

Zm‘ CÚmoJ H$moS>

CÚmoJ H$m Zm‘

joÌ{Z{YH$ am{e

J¡a-{Z{YH$ am{e


EŠgnmoOa

4. AAACB4146P^maV hodr

BbopŠQ´H$ëg {b{‘Q>oS>*

31201

{dÚwV CËnmXZ,

{dVaU Am¡a {Z`§ÌU CnH$aU

gmd©O{ZH$ - 14.98 20.11

5. AAACC9762A

M§~b ’${Q>©bm-BOg© E§S> Ho${‘H$ëg {b{‘Q>oS>*

24103Cd©aH$

Am{X H$m {d{Z‘m©U

{ZOr 12.79 - 17.18

6. AAACT1524F{eqnJ H$m°nm}aoeZ Am°’$ B§{S>`m*

61101

‘hmgm-Ja Am¡a

VQ>r` Ob n[adhZ

gmd©O{ZH$ 12.45 - 16.72

7. AACCK5599HHo$B©gr

B§Q>aZoeZb {b{‘Q>oS>*

45011

{~Obr bmBZm|

Am{X H$m {Z‘m©U / ñWmnZm

{ZOr 2.00 10.25 16.45

8. AAACL0140Pbmg}Z E§S> Qy>~«mo

{b{‘Q>oS>*45001

gm‘mÝ` {Z‘m©U

{ZOr - 11.60 15.58

9. AAACA9067GE’$H$m°Ýg

BÝ’«$mñQ´ŠMa {b{‘Q>oS>*

45013g‹S>H$m| H$m {Z‘m©U / aIaImd

{ZOr 1.00 10.50 15.44

*`Wm 31 ‘mM©, 2017 H$s VwbZm ‘| Wm 31 ‘mM©, 2018 H$mo ({dÎmr` df© 2017-18 ‘| ~¢H$ H$mo hþB© {Zdb hm{Z Ho$ MbVo) Q>rgrE’$ ‘| VoOr go {JamdQ> AmB©& BgHo$ n[aUm‘ñdê$n {dÎmr` df© 2018-19 Ho$ {bE EH$b Am¡a g‘yh CYmaH$Vm© XmoZm| Ho$ {bE A{YH$V‘ F$U ^r gr‘m ñdV… H$‘ hmo JB©& ’$bV… Cn`w©³V H§$n{Z`m| H$mo EŠgnmoOa Ama~rAmB© Ûmam EH$b CYmaH$Vm© Ho$ {bE {ZYm©[aV Q>rgrE’$ H$s 15% H$s gr‘m Ho$ C„§KZ Ho$ Xm`ao ‘| Am J`m& Cn`w©³V EŠgnmoOam| H$mo `Wm 31 ‘mM©, 2018 Ho$ ñVa na ~ZmE aIZo Ho$ {bE {dÎmr` df© 2018-19 H$s ewéAmV ‘| hr {ZXoeH$ ‘§S>b go g‘w{MV AZw‘moXZ bo {b`m J`m Wm&

(` {~{b`Z)


Sr. No.

PANBorrower

NameIndustry

CodeIndustry Name

SectorAmount Funded

Amount Non-

Funded

Exposure as a %

to Capital Funds

4. AAACB4146PBharat Heavy

Electricals Limited*

31201

Mfg of Electricity Distn & Control

Apparatus

Public - 14.98 20.11

5. AAACC9762A

Chambal Fertilisers & Chemicals Limited*

24103Mfg of

Fertilisers etc.

Private 12.79 - 17.18

6. AAACT1524FShipping

Corporation of India*

61101Ocean and

Coastal Water Transport

Public 12.45 - 16.72

7. AACCK5599HKEC

International Limited*

45011

Construction/Erection of

Power Lines etc.

Private 2.00 10.25 16.45

8. AAACL0140PLarsen & Toubro

Limited*45001

General Constructions

Private - 11.60 15.58

9. AAACA9067GAfcons

Infrastructure Limited*

45013Construction/Maintenance

of RoadsPrivate 1.00 10.50 15.44

* The sharp reduction in Total Capital Funds (TCF) as on March 31, 2018 vis-à-vis March 31, 2017 (owing to the net

loss suffered by the Bank in FY 2017-18) resulted in substantial lowering of the absolute ceilings for both Single and

Group borrower limits for FY 2018-19. This, in turn, resulted in the exposures to the companies listed above, breaching

the RBI base single borrower ceiling of 15% of TCF. Suitable Board approval for retaining the above exposures at the

same level as at March 31, 2018 was obtained at the beginning of FY 2018-19.

(` billion)


140140 dm{f©H$ [anmoQ>© 2018-19

I. ny±OrJV {Z{Y`m| Am¡a Hw$b AmpñV`m| Ho$ à{VeV Ho$ ê$n ‘| F$U EŠgnmoOa(` {~{b`Z)

{ddaUny±OrJV {Z{Y¶m| H$s VwbZm ‘| à{VeV*

Hw$b F$U E³gnmoOa H$s VwbZm ‘| à{VeV

(Q>rgrB©)@

Hw$b AmpñV¶m| H$s VwbZm ‘|

à{VeV

i) g~go ~‹S>m EH$b CYmaH$Vm© 31.57 1.40 2.05

ii) g~go ~‹S>m CYmaH$Vm© g‘yh 48.17 2.14 3.13

iii) 20 g~go ~‹S>o EH$b CYmaH$Vm© 319.52 14.19 20.76

iv) 20 g~go ~‹S>o CYmaH$Vm© g‘yh 389.81 17.31 25.33

* `Wm 31 ‘mM©, 2018 H$mo ny±OrJV {Z{Y¶m§ @ Q>rgrB©… F$U + A{J«‘ + Aà`w³V ‘§Oy[a`m§ + Jma§{Q>`m§ + gmI nÌ + S>o[ado{Q>ìg na F$U EŠgnmoOa

1) ~¢H$m| Am¡a {dXoer g§ñWmAm| H$mo {XE JE Eogo F$U, {OZHo$ {bE ^maV gaH$ma Ûmam Jma§Q>r Xr JB© h¡/^maV gaH$ma H$s Amoa go ñdrH¥$V {H$E JE h¢, CÝh| EH$b/g‘yh CYmaH$Vm© EŠgnmoOa ‘| em{‘b Zht {H$`m J`m h¡&

2) `Wm 31 ‘mM©, 2019 H$mo 9 EH$b CYmaH$Vm© Am¡a 2 g‘yh CYmaH$Vm© aho, {OZHo$ {bE F$U EŠgnmoOa ny±OrJV {Z{Y`m| H$s H«$‘e… 15% Am¡a 40% H$s AmYma gr‘m go D$na ahm Am¡a BZHo$ {bE {ZXoeH$ ‘§S>b go AZw‘moXZ bo {b`m J`m Wm&

JV df©…(` {~{b`Z)

{ddaUny±Or {Z{Y¶m| H$m à{VeV*

Hw$b F$U EŠgnmoOa H$m à{VeV (Q>rgrB©)@

Hw$b AmpñV¶m| H$m à{VeV

i) g~go ~‹S>m EH$b CYmaH$Vm© 19.56 1.20 1.79

ii) g~go ~‹S>m CYmaH$Vm© g‘yh 33.40 2.06 3.06

iii) 20 g~go ~‹S>o EH$b CYmaH$Vm© 222.36 13.68 20.40

iv) 20 g~go ~‹S>o CYmaH$Vm© g‘yh 282.30 17.37 25.90

* `Wm 31 ‘mM©, 2017 H$mo ny±OrJV {Z{Y`m§ @ Q>rgrB©… F$U + A{J«‘ + Aà`w³V ‘§Oy[a`m§ + Jma§{Q>`m§ + gmI nÌ + S>o[ado{Q>ìg na F$U EŠgnmoOa

1) ~¢H$m| Am¡a {dXoer g§ñWmAm| H$mo {XE JE Eogo F$U, {OZHo$ {bE ^maV gaH$ma Ûmam Jma§Q>r Xr JB© h¡/ ^maV gaH$ma H$s Amoa go ñdrH¥$V {H$E JE h¢, CÝh| EH$b/g‘yh CYmaH$Vm© EŠgnmoOa ‘| em{‘b Zht {H$`m J`m h¡&

2) `Wm 31 ‘mM©, 2018 H$mo 2 CYmaH$Vm© Wo, {OZHo$ {bE EŠgnmoOa {ZXoeH$ ‘§S>b Ho$ AZw‘moXZ go ny±Or {Z{Y`m| Ho$ 15% go Á`mXm ñdrH¥$V {H$`m J`m Wm& `Wm 31 ‘mM©, 2018 H$mo BZ CYmaH$Vm©Amo¨ H$mo EŠgnmoOa ~¢H$ H$s ny±Or {Z{Y`m| H$m H«$‘e… 19.56% Am¡a 16.91% ahm&


B. Credit exposure as percentage to capital funds and as percentage to total assets

(` billion)

ParticularsPercentage to Capital Funds*

Percentage to Total Credit

Exposure (TCE)@

Percentage to Total Assets

i) Largest single borrower 31.57 1.40 2.05

ii) Largest borrower group 48.17 2.14 3.13

iii) 20 largest single borrowers 319.52 14.19 20.76

iv) 20 largest borrower groups 389.81 17.31 25.33

*Capital Funds as on March 31, 2018 @ TCE: Loans + Advances + Unutilised Sanctions + Guarantees + LCs + Credit exposure on account of derivatives.

1) Credit exposure to banks and overseas institutions guaranteed by GOI/assumed at the behest of GOI, not considered for single/group borrower exposure.

2) There were 9 single borrowers and 2 borrower groups as on March 31, 2019 for whom credit exposure was above the base ceilings of 15% and 40% of capital funds respectively and the same was assumed with the approval of the Board.

Previous Year:

(` billion)

ParticularsPercentage to Capital Funds*

Percentage to Total Credit

Exposure (TCE)@

Percentage to Total Assets

i) Largest single borrower 19.56 1.20 1.79ii) Largest borrower group 33.40 2.06 3.06iii) 20 largest single borrowers 222.36 13.68 20.40iv) 20 largest borrower groups 282.30 17.37 25.90

* Capital Funds as on March 31, 2017

@TCE: Loans + Advances + Unutilised Sanctions + Guarantees + LCs + Credit exposure on account of derivatives.

1) Credit exposure to banks and overseas institutions guaranteed by GOI/assumed at the behest of GOI, not considered for single/group borrower exposure.

2) There were 2 borrowers as on March 31, 2018 for whom exposure over 15% of capital funds was assumed with the approval of the Board. Exposure to these borrowers as on March 31, 2018 stood at 19.56% and 16.91% of the capital funds of the Bank, respectively.


142142 dm{f©H$ [anmoQ>© 2018-19

J. nm§M g~go ~‹S>o Am¡Úmo{JH$ joÌm| H$mo F$U

joÌHw$b F$U EŠgnmoOa H$s

VwbZm ‘| à{VeV (Q>rgrB©) F$U AmpñV`m| H$s VwbZm ‘| à{VeV

i) B§Or{Z`[a¨J, àmoŠ`moa‘|Q> Am¡a {Z‘m©U godmE§ 12.36 9.42

ii) bm¡h YmVwE§ Am¡a YmVw àg§ñH$aU 7.82 5.96

iii) Q>oŠgQ>mBb Am¡a Jma‘|Q> 6.82 5.20

iv) agm¶Z Am¡a a§OH$ (S>mB©) 6.57 5.00

v) noQ´>mo{b¶‘ CËnmX 6.13 4.67

JV df©…

joÌHw$b F$U EŠgnmoOa H$s

VwbZm ‘| à{VeV (Q>rgrB©) F$U AmpñV`m| H$s VwbZm ‘| à{VeV

i) B§Or{Z`[a¨J, àmoŠ`moa‘|Q> Am¡a {Z‘m©U godmE§ 12.26 9.28

ii) bm¡h YmVwE§ Am¡a YmVw àg§ñH$aU 9.84 7.45

iii) noQ´>mo{b¶‘ CËnmX 6.87 5.20

iv) Q>oŠgQ>mBb Am¡a Jma‘|Q> 6.10 4.62

v) Vob Am¡a J¡g 5.64 4.27

• ""F$U EŠgnmoOa'' H$s JUZm ^maVr` [aµOd© ~¢H$ Ûmam n[a^m{fV AZwgma H$s JB© h¡&

• CÚmoJ EŠgnmoOa H$s JUZm Ho$ {bE ~¢H$m| Am¡a {dXoer g§ñWmAm| H$mo {X¶m J¶m dh F$U {OgHo$ {bE ^maV gaH$ma Ûmam/^maV gaH$ma H$s Amoa go Jma§Q>r Xr JB© h¡ H$mo, ^maV gaH$ma H$s Amoa go {X¶m J¶m F$U ‘mZm J¶m h¡ Am¡a Cgo Bg‘| em{‘b Zht {H$¶m J`m h¡&

K. J¡a O‘mZVr A{J«‘ H$m°nm}aoQ>/ì`{³VJV Jma§{Q>`m|, dMZ nÌm|, Q´ñQ> agrXm| Am{X Ûmam à{V^yV {H$E JE ({OZH$m AmH${bV ‘yë`

` 1.30 {~{b`Z h¡) J¡a O‘mZVr A{J«‘ Hw$b ` 12.59 {~{b`Z Ho$ aho&

L. ’¡$ŠQ>[a¨J EŠgnmoOa

’¡$ŠQ>[a¨J ì¶dñWm Ho$ A§VJ©V ~¢H$ H$m Hw$b G$U E³ñnmoOa ` 3.15 {~{b¶Z ahm&

M. df© Ho$ Xm¡amZ {dÎmr` g§ñWm Ûmam nma H$s JB© {ddoH$gå‘V F$U gr‘m dmbo EŠgnmoOa(` {~{b`Z)

H«$. g§.

n¡ZCYmaH$Vm© H$m

Zm‘ CÚmoJ H$moS>

CÚmoJ H$m Zm‘

joÌ{Z{YH$ am{e

J¡a-{Z{YH$ am{e


EŠgnmoOa

1. AAACM5132A

‘¢Jbmoa [a’$mBZar E§S> noQ´>moHo${‘H$ëg

{b{‘Q>oS>*

23201

[a’$mB§S> noQ´ mo{b`‘ CËnmXm| H$m {d{Z‘m©U

gmd©O{ZH$ 23.51 - 31.57


C. Credit exposure to the five largest industrial sectors

SectorPercentage to Total Credit

Exposure (TCE)Percentage to Loan Assets

i) EPC Services 12.36 9.42ii) Ferrous Metals and Metal Processing 7.82 5.96iii) Textiles and Garments 6.82 5.20iv) Chemical and Dyes 6.57 5.00v) Petroleum Products 6.13 4.67

Previous Year:

SectorPercentage to Total Credit

Exposure (TCE)Percentage to Loan Assets

i) EPC Services 12.26 9.28ii) Ferrous Metals and Metal Processing 9.84 7.45iii) Petroleum Products 6.87 5.20iv) Textiles and Garments 6.10 4.62v) Oil and Gas 5.64 4.27

• The“creditexposure”hasbeenreckonedasdefinedbyRBI.

• CreditexposuretobanksandoverseasinstitutionsguaranteedbyGOI/assumedatthebehestofGOI,excludedfor

computing industry exposure.

D. Unsecured Advances

Unsecured advances secured by corporate/personal guarantees, promissory notes, trust receipts, etc. (the estimated value of which is at ` 1.30 billion) aggregated to ` 12.59 billion.

E. Factoring Exposures

The Bank had an exposure aggregating ` 3.15 billion under factoring arrangement.

F. Exposures where the FI had exceeded the prudential Exposures Limits during the year

(` billion)

Sr. No.

PAN Borrower

NameIndustry

CodeIndustry Name

SectorAmount Funded

Amount Non-

Funded

Exposure as a %

to Capital Funds

1. AAACM5132A

Mangalore Refinery And

Petrochemicals Limited*

23201Mfg of Refined

Petroleum Products

Public 23.51 - 31.57


144144 dm{f©H$ [anmoQ>© 2018-19

H«$. g§.

n¡ZCYmaH$Vm© H$m

Zm‘ CÚmoJ H$moS>

CÚmoJ H$m Zm‘

joÌ{Z{YH$ am{e

J¡a-{Z{YH$ am{e


EŠgnmoOa

2. AADCV1810BdrAmodrEb {b{‘Q>oS>*

11101H«y$S> noQ´ mo{b`‘ Am¡a àmH¥${VH$ J¡g CËnmXZ

{ZOr 19.16 - 25.73

3. AABCG5231FEMnrgrEb {‘Îmb EZOu {b{‘Q>oS>*

40101{dÚwV CËnmXZ

{ZOr 16.32 - 21.92

4. AAACB4146P^maV hodr

BbopŠQ´H$ëg {b{‘Q>oS>*

31201

{dÚwV CËnmXZ,

{dVaU Am¡a {Z`§ÌU CnH$aU

gmd©O{ZH$ - 14.98 20.11

5. AAACC9762A

M§~b ’${Q©>bm-BOg© E§S> Ho${‘H$ëg {b{‘Q>oS>*

24103Cd©aH$ Am{X H$m {d{Z‘m©U

{ZOr 12.79 - 17.18

6. AAACT1524F{eqnJ H$m°nm}aoeZ Am°’$ B§{S>`m*

61101‘hmgmJa Am¡a VQ>r` Ob n[adhZ

gmd©O{ZH$ 12.45 - 16.72

7. AACCK5599HHo$B©gr

B§Q>aZoeZb {b{‘Q>oS>*

45011

{~Obr bmBZm| Am{X H$m {Z‘m©U/ ñWmnZm

{ZOr 2.00 10.25 16.45

8. AAACL0140Pbmg}Z E§S>

Qy>~«mo {b{‘Q>oS>*45001

gm‘mÝ` {Z‘m©U

{ZOr - 11.60 15.58

9. AAACA9067GE’$H$m°Ýg

BÝ’«$mñQ´ŠMa {b{‘Q>oS>*

45013g‹S>H$m| H$m {Z‘m©U/ aIaImd

{ZOr 1.00 10.50 15.44

*`Wm 31 ‘mM©, 2017 H$s VwbZm ‘| `Wm 31 ‘mM©, 2018 H$mo ({dÎmr` df© 2017-18 ‘| ~¢H$ H$mo hþB© {Zdb hm{Z Ho$ MbVo) Q>rgrE’$ ‘| VoOr go {JamdQ> AmB©& BgHo$ n[aUm‘ñdê$n {dÎmr` df© 2018-19 Ho$ {bE EH$b Am¡a g‘yh CYmaH$Vm© XmoZm| Ho$ {bE A{YH$V‘ F$U ^r gr‘m ñdV… H$‘ hmo JB©& ’$bV… Cn`w©³V H§$n{Z`m| H$mo EŠgnmoOa Ama~rAmB© Ûmam EH$b CYmaH$Vm© Ho$ {bE {ZYm©[aV Q>rgrE’$ H$s 15% H$s gr‘m Ho$ C„§KZ Ho$ Xm`ao ‘| Am J`m& Cn`w©³V EŠgnmoOam| H$mo `Wm 31 ‘mM©, 2018 Ho$ ñVa na ~ZmE aIZo Ho$ {bE {dÎmr` df© 2018-19 H$s ewéAmV ‘| hr {ZXoeH$ ‘§S>b go g‘w{MV AZw‘moXZ bo {b`m J`m Wm&

(` {~{b`Z)


Sr. No.

PAN Borrower

NameIndustry

CodeIndustry Name

SectorAmount Funded

Amount Non-

Funded

Exposure as a %

to Capital Funds

2. AADCV1810B VOVL Limited* 11101

Extraction of Crude

Petroleum and Natural Gas

Private 19.16 - 25.73

3. AABCG5231FHPCL Mittal

Energy Limited*

40101Generation of

ElectricityPrivate 16.32 - 21.92

4. AAACB4146PBharat Heavy

Electricals Limited*

31201

Mfg of Electricity Distn & Control

Apparatus

Public - 14.98 20.11

5. AAACC9762A

Chambal Fertilisers & Chemicals Limited*

24103Mfg of

Fertilisers etc.

Private 12.79 - 17.18

6. AAACT1524FShipping

Corporation of India*

61101Ocean and

Coastal Water Transport

Public 12.45 - 16.72

7. AACCK5599HKEC

International Limited*

45011

Construction/Erection of

Power Lines etc.

Private 2.00 10.25 16.45

8. AAACL0140PLarsen & Toubro

Limited*45001

General Constructions

Private - 11.60 15.58

9. AAACA9067GAfcons

Infrastructure Limited*

45013Construction/Maintenance

of RoadsPrivate 1.00 10.50 15.44

* The sharp reduction in TCF as on March 31, 2018 vis-à-vis March 31, 2017 (owing to the net loss suffered by the Bank in FY 2017-18) resulted in substantial lowering of the absolute ceilings for both Single and Group borrower limits for FY 2018-19. This, in turn, resulted in the exposures to the companies listed above, breaching the RBI base single borrower ceiling of 15% of TCF. Suitable Board approval for retaining the above exposures at the same level as at March 31, 2018 was obtained at the beginning of FY 2018-19.

(` billion)


146146 dm{f©H$ [anmoQ>© 2018-19

10. CYm[a`m|/F$U-ì`dñWmAm|,F$U E³gnmoOam| Am¡a AZO©H$ AmpñV`m| H$m g§H|$ÐU

(H$) CYm[a`m| Am¡a F$U-ì`dñWmAm| H$m g§H|$ÐU

(` {~{b`Z)

{ddaU 2018-19 2017-18

20 g~go ~‹S>o F$UXmVmAm| go Hw$b CYm[a`m§ 134.96 132.30

~¢H$ H$s Hw$b CYm[a`m| H$s VwbZm ‘| 20 g~go ~‹S>o F$UXmVmAm| go Hw$b CYm[a`m| H$m à{VeV

14.62% 12.70%

(I) F$U E³gnmoOam| H$m g§H|$ÐU

(` {~{b`Z)

{ddaU 2018-19 2017-18

20 g~go ~‹S>o CYmaH$Vm©Am| H$mo Hw$b CYm[a`m§ 237.95 251.94

~¢H$ Ho$ Hw$b A{J«‘m| H$s VwbZm ‘| 20 g~go ~‹S>o F$UXmVmAm| H$mo Hw$b CYm[a`m| H$m à{VeV

23.10% 21.82%

20 g~go ~‹S>o CYmaH$Vm©Am|/J«mhH$m| H$mo Hw$b EŠgnmoOa 237.95 251.94

CYmaH$Vm©Am|/J«mhH$m| na ~¢H$ Ho$ Hw$b EŠgnmoOa H$s VwbZm ‘| 20 g~go ~‹S>o CYmaH$Vm©Am|/J«mhH$m| H$mo EŠgnmoOa H$m à{VeV

14.19% 13.68%

EpŠµO‘ ~¢H$ Ho$ ‘m‘bo ‘|, Hw$b EŠgnmoOa H$s VwbZm ‘| erf© 10 Xoem| Ho$ EŠgnmoOa H$m à{VeV

32.34% 27.56%

F$U Am¡a {Zdoe EŠgnmoOa na AmYm[aV EŠgnmoOa H$s JUZm {dÎmr` g§ñWmAm| Ho$ {bE EŠgnmoOa ‘mZX§S>m| na ^maVr` [aµOd© ~¢H$ Ho$ ‘mñQ>a n[anÌ g§»`m S>r~rAma.E’$AmB©S>r.E’$AmB©gr.g§»`m 4/01.02.00/2015-16 {XZm§{H$V 01 OwbmB©, 2015 Ho$ AZwgma H$s JB© h¡&

(J) F$Um| Am¡a AZO©H$ AmpñV¶m| H$m joÌdma g§H|$ÐU(` {~{b`Z)

H«$. g§.

joÌ

2018-19 2017-18

Hw$b ~H$m`m A{J«‘

gH$b AZO©H$

AmpñV`m§

joÌ ‘| Hw$b A{J«‘m|

H$s VwbZm ‘| gH$b AZO©H$

AmpñV`m| H$m à{VeV

Hw$b ~H$m`m A{J«‘

gH$b AZO©H$

AmpñV`m§

joÌ ‘| Hw$b A{J«‘m|

H$s VwbZm ‘| gH$b AZO©H$

AmpñV`m| H$m à{VeV

H$ Kaoby joÌ 313.76 61.85 20% 370.61 84.13 23%

1 Hw$b {Z`m©V {dÎm 263.15 49.49 19% 330.56 72.65 22%

H¥${f joÌ - - - - - -

Am¡Úmo{JH$ joÌ 228.44 41.06 18% 294.46 61.42 21%

bm¡h YmVw Am¡a YmVw àg§ñH$aU 21.60 6.05 28% 44.41 21.04 47%

Vob Am¡a J¡g 4.66 0.68 15% - - -

Q>oŠgQ>mBb Am¡a Jma‘|Q> 34.18 4.25 12% 41.80 6.61 16%

AÝ¶ 168.00 30.08 18% 208.25 33.77 16%


10. Concentration of borrowings/lines of credit, credit exposures and NPAs

(a) Concentration of borrowings and lines of credit

(` billion)

Particulars 2018-19 2017-18Total borrowings from twenty largest lenders 134.96 132.30

Percentage of borrowings from twenty largest lenders to total borrowings of the Bank

14.62% 12.70%

(b) Concentration of Credit exposures

(` billion)

Particulars 2018-19 2017-18Total exposures to twenty largest borrowers 237.95 251.94

Percentage of exposures to twenty largest borrowers to Total Advances of the Bank

23.10% 21.82%

Total exposure to twenty largest borrowers/customers 237.95 251.94

Percentage of exposures to twenty largest borrowers/customers to Total exposure of the Bank on borrowers/customers

14.19% 13.68%

In the case of Exim Bank, percentage of total of top ten country exposures to total exposures

32.34% 27.56%

Exposure computed based on credit and investment exposure as prescribed vide RBI Master Circular on Exposure norms for financial institutions: DBR.FID.FIC.No.4/01.02.00/2015-16 dated July 01, 2015 and thereafter.

(c) Sector-wise concentration of exposures and NPAs

(` billion)

Sr. No.

Sector

2018-19 2017-18

Outstanding Total Advances

Gross NPAs

Percentage of Gross NPAs to Total Advances in that sector

Outstanding Total Advances

Gross NPAs

Percentage of Gross NPAs to Total Advances in that sector

A Domestic Sector 313.76 61.85 20% 370.61 84.13 23%

1 Total Export Finance 263.15 49.49 19% 330.56 72.65 22%

Agricultural Sector - - - - - -

Industrial Sector 228.44 41.06 18% 294.46 61.42 21%

Ferrous Metals & Metal Processing

21.60 6.05 28% 44.41 21.04 47%

Oil and Gas 4.66 0.68 15% - - -

Textiles & Garments 34.18 4.25 12% 41.80 6.61 16%

Others 168.00 30.08 18% 208.25 33.77 16%


148148 dm{f©H$ [anmoQ>© 2018-19

godm joÌ 34.71 8.43 24% 36.10 11.23 31%

{d‘mZZ godmE§ 2.36 - - - - -

B©nrgr godmE§ 9.80 7.75 79% 13.61 9.78 72%

OhmOamZr godmE§ 12.45 - - 11.54 0.62 5%

AÝ¶ 10.10 0.68 7% 10.95 0.83 8%

2 Hw$b Am`mV {dÎm 50.61 12.36 24% 40.05 11.48 29%

H¥${f joÌ - - - - - -

Am¡Úmo{JH$ joÌ 46.50 12.06 26% 35.20 11.48 33%

bm¡h YmVw Am¡a YmVw àg§ñH$aU

1.52 1.52 100% 1.54 1.54 100%

Vob Am¡a J¡g 4.87 - - - - -

AÝ¶ 40.11 10.54 26% 33.66 9.94 29.53%

godm joÌ 4.11 0.30 7% 4.85 - -

B©nrgr godmE§ 0.32 - - 0.34 - -

OhmOamZr godmE§ 2.92 - - 3.47 - -

AÝ¶ 0.87 0.30 35% 1.04 - -

3 (H$) ‘| go ^maV gaH$ma Ûmam Jma§{Q>V EŠgnmoOa

- - - - - -

I ~mø joÌ 164.98 54.93 33% 146.07 35.63 24%

1 Hw$b {Z`m©V {dÎm 164.98 54.93 33% 146.07 35.63 24%

H¥${f joÌ - - - - - -

Am¡Úmo{JH$ joÌ 136.42 52.28 38% 114.65 24.68 22%

bm¡h YmVw Am¡a YmVw àg§ñH$aU

27.42 2.66 10% 24.35 2.39 10%

Vob Am¡a J¡g 32.06 27.32 85% - - -

Q>oŠgQ>mBb Am¡a Jma‘|Q> 7.61 3.55 47% 3.20 - -

AÝ¶ 69.33 18.75 27% 87.10 22.29 26%

godm joÌ 28.56 2.65 9% 31.42 10.95 35%

{d‘mZZ godmE§ 4.50 - - - - -

B©nrgr godmE§ 4.56 0.16 4% 10.94 4.50 41%

{dÎm godmE§ 11.96 - - - - -

OhmOamZr godmE§ 0.85 - - 4.31 3.37 78%

AÝ¶ 6.69 2.49 37% 16.17 3.08 19%

2 Hw$b Am`mV {dÎm - - - - - -

H¥${f joÌ - - - - - -

Am¡Úmo{JH$ joÌ - - - - - -

godm joÌ - - - - - -

3 (I) ‘| go ^maV gaH$ma Ûmam Jma§{Q>V EŠgnmoOa

- - - - - -

J AÝ` EŠgnmoOa# 551.33 - - 638.12 - -

K Hw$b EŠgnmoOa (H$+I+J) 1030.07 116.78 11.34% 1,154.80 119.76 10.37%

# Bg‘| F$U-ì`dñWmAm|, amï´>r` {Z`m©V ~r‘m ImVo Ho$ A§VJ©V H«o$Vm F$U, [a`m`Vr {dÎm `moOZm, dm{UpÁ`H$ ~¢H$m| H$mo nwZ{d©Îm Am¡a ~¢H$m| Ûmam à{V-Jma§{Q>V A{J«‘ em{‘b h¡¨&


Services Sector 34.71 8.43 24% 36.10 11.23 31%

Aviation Services 2.36 - - - - -

EPC Services 9.80 7.75 79% 13.61 9.78 72%

Shipping Services 12.45 - - 11.54 0.62 5%

Others 10.10 0.68 7% 10.95 0.83 8%

2 Total Import Finance 50.61 12.36 24% 40.05 11.48 29%




1.52 1.52 100% 1.54 1.54 100%

Oil and Gas 4.87 - - - - -

Others 40.11 10.54 26% 33.66 9.94 29.53%

Services Sector 4.11 0.30 7% 4.85 - -

EPC Services 0.32 - - 0.34 - -

Shipping Services 2.92 - - 3.47 - -

Others 0.87 0.30 35% 1.04 - -

3 Of (A), exposures guaranteed by the Government of India

- - - - - -

B External Sector 164.98 54.93 33% 146.07 35.63 24%

1 Total Export Finance 164.98 54.93 33% 146.07 35.63 24%




27.42 2.66 10% 24.35 2.39 10%

Oil and Gas 32.06 27.32 85% - - -

Textiles & Garments 7.61 3.55 47% 3.20 - -

Others 69.33 18.75 27% 87.10 22.29 26%

Services Sector 28.56 2.65 9% 31.42 10.95 35%

Aviation Services 4.50 - - - - -

EPC Services 4.56 0.16 4% 10.94 4.50 41%

Financial Services 11.96 - - - - -

Shipping Services 0.85 - - 4.31 3.37 78%

Others 6.69 2.49 37% 16.17 3.08 19%

2 Total Import Finance - - - - - -


Industrial Sector - - - - - -

Services Sector - - - - - -

3 Of (B), exposures guaranteed by the Government of India

- - - - - -

C Other Exposures# 551.33 - - 638.12 - -

D Total Exposures (A+B+C) 1030.07 116.78 11.34% 1,154.80 119.76 10.37%

# includes advances under Lines of Credit, BC-NEIA, Concessional Finance Scheme, refinance to commercial banks and advances counter-guaranteed by banks.


150150 dm{f©H$ [anmoQ>© 2018-19

11. S>o[ado{Q>d

11.1 dm`Xm Xa H$ama Ed§ ã`mO Xa ñd¡n(` {~{b`Z)

H«$. g¨.

{ddaU2018-19 2017-18

hoqOJ Q´>ooqS>J hoqOJ Q´>ooqS>J1. ñd¡n H$amam| H$m ‘yb

H$pënV ‘yë`

430.87 - 348.42 -

2. à{Vnjr nmQ>u Ûmam H$ama Ho$ Xm{`Ëdm| H$m {Zd©hZ Z H$aZo na g¨^m{dV hm{Z

- - 0.10 -

3. ñd¡n H$amam| Ho$ {bE ~¢H$ Ûmam Ano{jV H$mob¡Q>ab

- - - -

4. ñd¡ßg go CËnÝZ F$U OmopI‘ H$m g¨H|$ÐU

g^r g¨ì`dhma AZw‘mo{XV F$U OmopI‘ gr‘mAm| Ho$ A§Xa h¢&

- g^r g¨ì`dhma AZw‘mo{XV F$U OmopI‘ gr‘mAm| Ho$ A§Xa h¢&

-

5. ñd¡n ~hr H$m ghr ‘yë`

(4.80) - (11.28) -

ñd¡n H$s àH¥${V VWm eV]: g^r g¨ì`dhma ~¢H$ H$s AmpñV¶m|/Xo`VmAm| go g¨~§{YV h¢ VWm BÝh| ~¢H$ H$s AmpñV-Xo`Vm à~§YZ pñW{V H$s hoqOJ Ho$ CX²Xoí` go {H$`m J`m h¡&

11.2 EŠgM|Om| ‘| IarXo-~oMo JE ã¶mO Xa S>o[ado{Q>ìg(` {~{b`Z)

H«$. g§.

{ddaU am{e

1. df© Ho$ Xm¡amZ E³gM|Om| ‘| IarXo-~oMo JE ã`mO Xa S>o[ado{Q>d H$s gm§Ho${VH$ ‘yb am{e ({bIV-dma) -

2. `Wm 31 ‘mM©, 2019 H$mo E³gM|Om| ‘| IarXo-~oMo JE ã`mO Xa S>o[ado{Q>d H$s ~H$m`m gm§Ho${VH$ ‘yb am{e ({bIV-dma) -

3. E³gM|Om| ‘| IarXo-~oMo JE ã`mO Xa S>o[ado{Q>d H$s ~H$m`m gm§Ho${VH$ ‘yb am{e qH$Vw ''hmBbr B’o$pŠQ>d'' Zht -

4. E³gM|Om| ‘| IarXo-~oMo JE ã¶mO Xa S>o[ado{Q>d H$m ~H$m`m ‘mH©$-Qy>-‘mH}$Q> ‘yë` qH$Vw ''hmBbr B’o$pŠQ>d'' Zht -


11. Derivatives

11.1 Forward Rate Agreement/Interest Rate Swap

(` billion)

Sr. No.

Particulars2018-19 2017-18

Hedging Trading Hedging Trading1. The Notional

Principal of swap agreements

430.87 - 348.12 -

2. Losses, which would be incurred if counter parties failed to fulfill their obligations under the agreements

- - 0.10 -

3. Collateral required by the Bank upon entering into swaps

- - - -

4. Concentration of credit risk arising from Swaps

All transactions fall within approved credit exposure limits

- All transactions fall within approved credit exposure limits

-

5. The fair value of the swap book

(4.80) - (11.28) -

Nature and Terms of Swaps: All transactions have underlying assets/liabilities and have been undertaken for the purpose of hedging the Bank’s ALM position.

11.2 Exchange Traded Interest Rate Derivatives

(` billion)

Sr. No.

Particulars Amount

1. Notional Principal amount of exchange traded interest rate derivatives undertaken during the year -

2. Notional Principal amount of exchange traded interest rate derivatives outstanding as on March 31, 2019 -

3. Notional Principal amount of exchange traded interest rate derivatives outstanding and not “highly effective” -

4. Mark-to-market value of exchange traded interest rate derivatives outstanding and not “highly effective” -


152152 dm{f©H$ [anmoQ>© 2018-19

11.3 S>o[ado{Q>ìg ‘| Omo{I‘ E³gnmoOa H$m àH$Q>rH$aU

H$. JwUmË‘H$ àH$Q>rH$aU

1) ~¢H$ ~mOma OmopI‘m| H$mo H$‘ H$aZo Ho$ CX²Xoí` go ‘w»`V… AnZo VwbZ-nÌ OmopI‘m| H$mo hoO H$aZo VWm à^mdr Ý`yZ bmJV {Z{Y`m| H$mo OwQ>mZo Ho$ {bE {dÎmr` S>o[ado{Q>d H$m Cn`moJ H$aVm h¡& ~¢H$ dV©‘mZ ‘| ^maVr` [aµOd© ~¢H$ Ûmam AZw‘V Ho$db Amoda {X H$mC§Q>a (AmoQ>rgr) ã`mO Xa VWm ‘wÐm S>o[ado{Q>ìg H$m hr Cn`moJ H$aVm h¡&

2) S>o[ado{Q>d g¨ì`dhmam| ‘| Xmo OmopI‘ (i) ~mOma OmopI‘ AWm©V ã`mO Xam|/{d{Z‘` Xam| Ho$ à{VHy$b àMbZ go ~¢H$ H$mo g¨^m{dV hm{Z VWm (ii) F$U OmopI‘ AWm©V à{Vnjr nmQ>u Ûmam AnZo Xm{`Ëd Ho$ {Zd©hZ ‘| MyH$ go hm{Z H$s g¨^mdZm, {d{hV ahVo h¢& ~¢H$ ‘| {ZXoeH$ ‘§S>b Ûmam AZw‘mo{XV EH$ S>o[ado{Q>d Zr{V h¡, {OgH$m CÔoí` OmopI‘ à~§YZ H$s Ñ{ï> go g‘J« AmpñV Xo`Vm pñW{V H$mo g§ì`dhma ñVa na hr à~§{YV H$a boZm h¡& `h Zr{V ~¢H$ Ho$ ì`dgm` bú`m| Ho$ AZwê$n AZw‘V S>o[ado{Q>d CËnmXm| Ho$ à`moJ H$mo n[a^m{fV H$aVr h¡, {Z`§ÌU Ed§ {ZJamZr àUmbr {ZYm©[aV H$aVr h¡ Am¡a {Z`m‘H$s`, àboIZ VWm boIm g§~§Yr {df`m| Ho$ ~mao ‘| ~VmVr h¡& Bg‘| ~mOma OmopI‘ H$mo {Z`§{ÌV H$aZo VWm à~§Y H$aZo (ñQ>m°n bm°g {b{‘Q>, AmonZ nmo{OeZ {b{‘Q>, Q>oZa {b{‘Q>, goQ>b‘|Q> VWm àr-goQ>b‘|Q> {b{‘Q>, nrdr01 {b{‘Q> Am{X) g¨~§Yr OmopI‘ ‘mZX§S>m| H$mo ^r {ZYm©[aV {H$`m J`m h¡&

3) ~¢H$ H$s AmpñV-Xo`Vm à~§YZ g{‘{V (EëH$mo) ~¢H$ Ho$ {‘S> Am°{’$g, Omo S>o[ado{Q>d g¨ì`dhmam| go Ow‹S>o ~mOma OmopI‘m| H$m AmH$bZ Am¡a {ZJamZr H$aVm h¡, H$s ghm`Vm go ~mOma OmopI‘ à~§YZ H$m`© H$s XoIaoI H$aVr h¡&

4) `Wm 31 ‘mM©, 2019 H$mo ~¢H$ H$s ~{h`m| ‘| ~H$m`m g^r S>o[ado{Q>d g¨ì`dhmam| H$mo hoqOJ Ho$ CÔoí` go {H$`m J`m h¡ VWm AmpñV-Xo`Vm ~{h`m| ‘| Xem©`m J`m h¡& BZ g¨ì`dhmam| na Am` H$mo ~r‘m§{H$H$ AmYma na {hgm~ ‘| {b`m J`m h¡&

5) AmH$pñ‘H$ Xo`VmAm| Ho$ A§VJ©V ~H$m`m dm`Xm Xa g¨{dXmAm| ‘| ã`mO Xa ñd¡n/H$a¨gr ñd¡ßg em{‘b Zht h¢ Omo {H$ S>o[ado{Q>d Zr{V Ho$ AZwnmbZ Ho$ g¨X^© ‘| h¡&

I. ‘mÌmË‘H$ àH$Q>Z(` {~{b`Z)

H«$. g¨.

{ddaU

2018-19 2017-18

H$a¨gr S>o[ado{Q>ìg

ã`mO Xa S>o[ado{Q>ìg



1 S>o[ado{Q>d (H$pënV ‘yb am{e)H$) hoqOJ Ho$ {bE 285.19 430.87 392.45 348.12

I) Q´oqS>J Ho$ {bE - - - -

2 ‘mŠS>©-Qy>-‘mH}$Q> pñW{V`m§ (32.49) (4.80) - -

H$) AmpñV (+) 1.74 2.12 - -

I) Xo`Vm (-) (34.23) (6.92) 28.75 11.28

3 F$U E³gnmoOa 14.34 4.10 19.42 1.72

4ã`mO Xa ‘| EH$ à{VeV n[adV©Z H$m g¨^m{dV à^md (100*nrdr 01)

H$) hoqOJ S>o[ado{Q>d na 11.80 16.03 13.54 20.26


11.3 Disclosures on risk exposure in derivatives

A. Qualitative disclosures

1) The Bank uses financial derivative transactions predominantly for raising cost-effective funds and hedging its balance sheet exposures, with the objective of reducing market risk. The Bank currently deals only in over-the-counter (OTC) interest rate and currency derivatives, of the type permitted by RBI.

2) Derivative transactions carry: (i) market risk i.e. the probable loss that the Bank may incur as a result of adverse movements in interest rates / exchange rates and (ii) credit risk i.e. the probable loss the Bank may incur if the counter-parties fail to meet their obligations. The Bank has in place a Derivative Policy approved by the Board, which aims at synchronising the risk management objectives at the transaction level with those of the overall ALM position. The policy defines the use of permitted derivative products consistent with business goals of the Bank, lays down the control and monitoring systems and deals with regulatory, documentation and accounting issues. The policy also prescribes suitable risk parameters to control and manage market risk on derivative trades undertaken in the treasury book. (stop-loss limits, open position limits, tenor limits, settlement and pre-settlement risk limits, PV01 limits).

3) The ALCO of the Bank oversees management of market risks with support from the Bank’s Mid-Office, which measures, monitors and reports market risk associated with derivative transactions.

4) All derivative transactions outstanding in the Bank’s books as on March 31, 2019 have been undertaken for hedging purposes and are in the ALM book. The income on such transactions has been accounted for on accrual basis.

5) Interest Rate Swaps (IRS) and Currency Swaps are not included in Outstanding Forward Exchange Contracts under Contingent Liabilities as per the Derivative Policy.

B. Quantitative Disclosures

(` billion)

Sr. No.


Currency Derivatives

Interest rate Derivatives



1 Derivatives (Notional Principal Amount)

a) For hedging 285.19 430.87 392.45 348.12b) For trading - - - -

2 Marked to Market Positions (32.49) (4.80) - -a) Asset (+) 1.74 2.12 - -b) Liability (-) (34.23) (6.92) 28.75 11.28

3 Credit Exposure 14.34 4.10 19.42 1.724 Likely impact of one

percentage change in interest rate (100*PV01)

a) On hedging derivatives 11.80 16.03 13.54 20.26


154154 dm{f©H$ [anmoQ>© 2018-19

H«$. g¨.

{ddaU

2018-19 2017-18





I) Q´o qS>J S>o[ado{Q>d na - - - -

5 df© Ho$ Xm¡amZ 100*nrdr 01 H$m A{YH$V‘ Am¡a Ý`yZV‘ H$) hoqOJ na (i) A{YH$V‘ 13.49 21.44 13.67 20.52

(ii) Ý`yZV‘ 11.80 16.03 12.77 14.47

I) Q´o qS>J na (i) A{YH$V‘ - - - -

(ii) Ý`yZV‘ - - - -

12. ~¢H$ Ûmam Omar MwH$m¡Vr AmœmgZ nÌ

df© Ho$ Xm¡amZ, ~¢H$ Ûmam H$moB© MwH$m¡Vr AmœmgZ nÌ Omar Zht {H$`m J`m (JV df© AmB©grAmB©grAmB© ~¢H$ H$mo Hw$b ` 0.58 {~{b`Z) Am¡a ~H$m`m à{V~ÕVmAm| Ho$ {bE H$moB© {dÎmr` CÎmaXm{`Ëd Zht ahm& `Wm 31 ‘mM©, 2019 H$mo Hw$b MwH$m¡Vr AmídmgZ nÌm| H$s ~H$m`m am{e Hw$b ` 2.00 {~{b`Z ahr&

13. AmpñV-Xo¶Vm à~§YZ

dV©‘mZ df©…(` {~{b`Z)

{ddaU1 go 14

{XZ15 go

28 {XZ

29 {XZ go

3 ‘mh

3 ‘mh go 6 ‘mh VH$

6 ‘mh go 1 gmb VH$

1 gmb go

3 gmb VH$

3 gmb go 5 gmb VH$

5 gmb go Á¶mXm

Hw$b

én`m A{J«‘ 17.44 0.55 4.39 10.34 43.22 30.04 26.82 24.55 157.36

én`m {Zdoe - - 0.08 0.04 0.12 0.38 1.17 91.49 93.27

én`m AÝ` AmpñV`m§

24.70 3.05 35.38 32.51 24.14 124.00 116.57 257.70 618.04

én`m O‘m am{e`m§

0.03 0.02 0.14 0.08 30.32 0.24 0.02 - 30.86

én`m CYm[a`m§

27.12 - 24.45 - 15.00 47.43 98.74 99.68 312.42

én`m AÝ` Xo`VmE§

19.62 3.80 24.14 27.72 37.45 75.70 29.10 198.18 415.71

{dXoer ‘wÐm AmpñV`m§

66.65 11.37 23.52 40.35 101.68 236.14 210.09 447.93 1,137.73

{dXoer ‘wÐm Xo`VmE§

25.50 11.47 27.89 45.19 81.83 294.06 284.09 308.76 1,078.79

(` {~{b`Z)


Sr. No.






b) On trading derivatives - - - -5 Maximum and Minimum of

100*PV01 observed during the year

a) On hedging (i) Maximum 13.49 21.44 13.67 20.52 (ii) Minimum 11.80 16.03 12.77 14.47b) On trading (i) Maximum - - - - (ii) Minimum - - - -

12. Letters of Comfort issued by the Bank

During the year, the Bank has not issued any Letter of Comfort (previous year to ICICI Bank aggregating ` 0.58 billion) and no financial obligation has arisen on account of the outstanding commitments. As on March 31, 2019, total Letters of comfort outstanding aggregated ` 2.00 billion.

13. Asset Liability Management

Current Year:(` billion)

Particulars1 to 14

days

15 to 28

days

29 days to 3

months

Over 3 months

& up to 6 months

Over 6 months &

up to 1 year

Over 1 year & up to 3 years

Over 3 years & up to 5 years

Over 5 years

Total

Rupee Advances

17.44 0.55 4.39 10.34 43.22 30.04 26.82 24.55 157.36

Rupee Investments - - 0.08 0.04 0.12 0.38 1.17 91.49 93.27

Rupee Other Assets

24.70 3.05 35.38 32.51 24.14 124.00 116.57 257.70 618.04

Rupee Deposits

0.03 0.02 0.14 0.08 30.32 0.24 0.02 - 30.86

Rupee Borrowings

27.12 - 24.45 - 15.00 47.43 98.74 99.68 312.42

Rupee Other Liabilities

19.62 3.80 24.14 27.72 37.45 75.70 29.10 198.18 415.71

Foreign Currency Assets

66.65 11.37 23.52 40.35 101.68 236.14 210.09 447.93 1,137.73

Foreign Currency Liabilities

25.50 11.47 27.89 45.19 81.83 294.06 284.09 308.76 1,078.79

(` billion)


156156 dm{f©H$ [anmoQ>© 2018-19

JV df©…(` {~{b`Z)

{ddaU1 go 14

{XZ15 go

28 {XZ

29 {XZ go

3 ‘mh

3 ‘mh go 6 ‘mh VH$

6 ‘mh go gmb 1

VH$

1 gmb go

3 gmb VH$

3 gmb go 5 gmb VH$

5 gmb go Á¶mXm

Hw$b

én`m A{J«‘ 36.77 22.54 21.41 47.61 39.62 52.22 25.14 32.89 278.20

én`m {Zdoe - 0.95 0.07 0.04 2.51 0.11 0.99 52.30 56.97

én`m AÝ` AmpñV`m§

25.18 1.61 48.04 23.32 78.64 128.49 102.49 331.79 739.56

én`m O‘mam{e`m§

0.01 0.004 0.14 21.48 22.00 0.41 0.05 - 44.09

én`m CYm[a`m§

35.43 5.00 54.75 24.10 57.77 44.23 72.67 143.96 437.91

én`m AÝ` Xo`VmE§

21.91 22.97 28.73 24.63 78.20 89.99 35.55 193.84 495.82

{dXoer ‘wÐm AmpñV`m§

53.35 25.88 37.78 48.05 124.49 254.16 211.44 375.34 1,130.49

{dXoer ‘wÐm Xo`VmE§

41.09 8.32 45.43 53.50 126.76 284.32 249.88 316.52 1,125.82

14. Ama{jV {Z{Y`m| go AmhaU

~¢H$ Ûmam Ama{jV {Z{Y`m| go H$moB© am{e Zht {ZH$mbr JB© h¡&

15. ì`dgm` AZwnmV

{ddaU 2018-19 2017-18

B{¹$Q>r na [aQ>Z© 1.04% (39.94)%

AmpñV`m| na [aQ>Z© 0.07% (2.42)%

à{V H$‘©Mmar {Zdb bm^/(hm{Z)(` {~{b`Z) 0.002 (0.086)

16. ^maVr` [aµOd© ~¢H$ Ûmam bJmE JE X§S>m| H$m àH$Q>rH$aU

^maVr` [aµOd© ~¢H$ Ûmam ~¢H$ na maVr` [aµOd© ~¢H$ A{Y{Z`‘, 1934 Ho$ A§VJ©V A{Y{Z`‘ Ho$ {H$gr r àmdYmZ H$m Cëb§KZ H$aZo AWdm A{Y{Z`‘, AmXoe, {Z`‘ AWdm ^maVr` [aµOd© ~¢H$ Ûmam {Z{X©ï> {H$gr ^r Ano{jV eV© Ho$ Cëb§KZ Ho$ {bE H$moB© X§S> Zht bJm`m J`m&


Previous Year:

(` billion)

Particulars1 to 14

days

15 to 28

days

29 days to 3

months

Over 3 months

& up to 6 months

Over 6 months &

up to 1 year

Over 1 year & up to 3 years

Over 3 years & up to 5 years

Over 5 years

Total

Rupee Advances

36.77 22.54 21.41 47.61 39.62 52.22 25.14 32.89 278.20

Rupee Investments - 0.95 0.07 0.04 2.51 0.11 0.99 52.30 56.97

Rupee Other Assets

25.18 1.61 48.04 23.32 78.64 128.49 102.49 331.79 739.56

Rupee Deposits

0.01 0.004 0.14 21.48 22.00 0.41 0.05 - 44.09

Rupee Borrowings

35.43 5.00 54.75 24.10 57.77 44.23 72.67 143.96 437.91

Rupee Other Liabilities

21.91 22.97 28.73 24.63 78.20 89.99 35.55 193.84 495.82

Foreign Currency Assets

53.35 25.88 37.78 48.05 124.49 254.16 211.44 375.34 1,130.49

Foreign Currency Liabilities

41.09 8.32 45.43 53.50 126.76 284.32 249.88 316.52 1,125.82

14. Draw Down from Reserves

The Bank has not drawn any amount from the Reserves.

15. Business Ratios


Return on Equity 1.04% (39.94)%

Return on Assets 0.07% (2.42)%

Net Profit/(Loss) per employee (` billion) 0.002 (0.086)

16. Disclosure of Penalties Imposed by RBI

There are no penalties imposed by the Reserve Bank of India under the Reserve Bank of India Act, 1934, for contraventions of any of the provisions of the Act or non-compliance with any other requirements of the Act, order, rule or condition specified by Reserve Bank of India.


158158 dm{f©H$ [anmoQ>© 2018-19

17. {eH$m`Vm| H$m àH$Q>rH$aU

J«mhH$ {eH$m¶V|

H«$. g§.

{ddaU 2018-19 2017-18

(H$) df© Ho$ àma§^ ‘| b§{~V {eH$m`V| - -

(I) df© Ho$ Xm¡amZ {‘br {eH$m`V| 3 1

(J) df© Ho$ Xm¡amZ {ZnQ>mB© JB© {eH$m`V| 3 1

(K) df© Ho$ A§V ‘| b§{~V {eH$m`V| - -

18. VwbZ nÌ go BVa àm`mo{OV Egnrdr ({OÝh| boIm ‘mZH$m| Ho$ AZwê$n g‘o{H$V {H$`m OmZm h¡)

àm`mo{OV Egnrdr H$m Zm‘

Kaoby {dXoer

- -

{d{eîQ> boIm ‘mZH$m| Ho$ AZwgma àH$Q>rH$aU

19. AMb AmpñV`m| Ho$ {ddaU

AMb AmpñV`m| Ho$ {ddaU ^maVr` gZXr boImH$ma g¨ñWmZ Ûmam AMb AmpñV`m| Ho$ {bE Omar boIm ‘mZH$-10 Ho$

AZwgma ZrMo {XE JE h¢& (` {~{b`Z)

{ddaU n[aga AÝ` Hw$b

gH$b ãbm°H$ `Wm 31 ‘mM©, 2018 H$mo bmJV 2.09 1.04 3.13

n[adÕ©Z 1.16 0.15 1.31

{ZnQ>mZ 0.14 0.13 0.27

`Wm 31 ‘mM©, 2019 H$mo bmJV (H$) 3.11 1.06 4.17

‘yë`õmg `Wm 31 ‘mM©, 2018 H$mo g¨{MV 1.01 0.86 1.87

df© Ho$ Xm¡amZ àmdYmZ 0.14 0.12 0.26

{ZnQ>mZ na hQ>m¶m J¶m 0.12 0.12 0.24

`Wm 31 ‘mM©, 2019 H$mo g§{MV (I) 1.03 0.86 1.89

{Zdb ãbm°H$ (H$-I) 2.08 0.20 2.28


17. Disclosure of Complaints

Customer Complaints

Sr. No.


(a) No. of complaints pending at the beginning of the year - -(b) No. of complaints received during the year 3 1(c) No. of complaints redressed during the year 3 1(d) No. of complaints pending at the end of the year - -

18. Off-Balance Sheet SPVs Sponsored (which are required to be consolidated as per accounting norms)

Name of the SPV sponsoredDomestic Overseas

- -

Disclosure as per specific Accounting Standards

19. Details of Fixed Assets

Details of Fixed Assets are given below as prescribed in AS-10 Accounting for Fixed Assets issued by the ICAI.

(` billion)

Particulars Premises Others TotalGross BlockCost as on 31st March 2018 2.09 1.04 3.13Additions 1.16 0.15 1.31Disposals 0.14 0.13 0.27Cost as on 31st March 2019 (A) 3.11 1.06 4.17DepreciationAccumulated as on 31st March 2018 1.01 0.86 1.87Provided during the year 0.14 0.12 0.26Eliminated on Disposals 0.12 0.12 0.24Accumulated as on 31st March 2019 (B) 1.03 0.86 1.89Net Block (A-B) 2.08 0.20 2.28


160160 dm{f©H$ [anmoQ>© 2018-19

JV df©:(` {~{b`Z)

{ddaU n[aga AÝ` Hw$b

gH$b ãbm°H$ `Wm 31 ‘mM©, 2017 H$mo bmJV 2.06 1.02 3.08

n[adÕ©Z 0.03 0.12 0.15

{ZnQ>mZ 0.00 0.10 0.10

`Wm 31 ‘mM©, 2018 H$mo bmJV (H$) 2.09 1.04 3.13

‘yë`õmg`Wm 31 ‘mM©, 2017 H$mo g¨{MV 0.92 0.86 1.78

df© Ho$ Xm¡amZ àmdYmZ 0.09 0.10 0.19

{ZnQ>mZ na hQ>m¶m J¶m 0.00 0.10 0.10

`Wm 31 ‘mM©, 2018 H$mo g§{MV (I) 1.01 0.86 1.87

{Zdb ãbm°H$ (H$-I) 1.08 0.18 1.26

20. gaH$mar AZwXmZm| H$m boIm

^maV gaH$ma Zo ~¢H$ Ûmam {dXoer gaH$mam|, {dXoer ~¢H$m|/gñWmAm| H$mo àXmZ H$s JB© {d{eï> F$U-ì`dñWmAm| Ho$ à{V ~¢H$

H$mo ã`mO g‘H$aU am{e AXm H$aZo Ho$ {bE gh‘{V Xr h¡ Am¡a Cgo CnM` (AH«w$Ab) AmYma na {hgm~ ‘| {b`m J`m h¡&

21. ì¶dgm¶ I§S> [anmo{Q>ªJ

~¢H$ Ho$ n[aMmbZm| ‘| Ho$db {dÎmr` H$m`©H$bmn em{‘b h¢ AV… Bgo EH$b ì`dgm` I§S> ‘| em{‘b {H$`m J`m h¡&

~¢H$ Ho$ ^m¡Jmo{bH$ n[aMmbZ I§S>m| H$mo Kaoby n[aMmbZm| Ed§ A§Vaamï´>r` n[aMmbZm| ‘| dJuH¥$V {H$`m J`m h¡& BZ

n[aMmbZm| H$m Kaoby VWm A§Vaamï´>r` I§S> ‘| dJuH$aU ‘w»`V… g¨ì`dhma Ho$ OmopI‘ VWm à{V’$b na AmYm[aV h¢&

(` {~{b`Z)

{ddaU Kaoby n[aMmbZ A§Vaamï´>r` n[aMmbZ Hw$b

2018-19 2017-18 2018-19 2017-18 2018-19 2017-18

amOñd 85.95 80.79 5.02 6.99 90.97 87.78

AmpñV`m§ 1,059.33 1,139.90 86.92 95.29 1,146.25 1,235.19


Previous Year:

(` billion)

Particulars Premises Others Total

Gross BlockCost as on 31st March 2017 2.06 1.02 3.08Additions 0.03 0.12 0.15Disposals 0.00 0.10 0.10

Cost as on 31st March 2018 (A) 2.09 1.04 3.13

DepreciationAccumulated as on 31st March 2017 0.92 0.86 1.78Provided during the year 0.09 0.10 0.19Eliminated on Disposals 0.00 0.10 0.10

Accumulated as on 31st March 2018 (B) 1.01 0.86 1.87

Net Block (A-B) 1.08 0.18 1.26

20. Accounting for Government Grants

GOI has agreed to pay interest equalisation amount to the Bank towards specific Lines of Credit extended by the Bank to foreign governments, overseas banks / institutions and the same is accounted on accrual basis.

21. Segment Reporting

The operations of the Bank predominantly comprise of only one business segment i.e. financial activities and hence, have been considered as representing a single business segment.

The geographic segments of the Bank are categorised as Domestic Operations and International Operations. The categorisation of operations as domestic or international is primarily based on the risk and reward associated with the place of the transaction.

(` billion)

Particulars Domestic Operations International Operations Total

2018-19 2017-18 2018-19 2017-18 2018-19 2017-18

Revenue 85.95 80.79 5.02 6.99 90.97 87.78

Assets 1,059.33 1,139.90 86.92 95.29 1,146.25 1,235.19


162162 dm{f©H$ [anmoQ>© 2018-19

22. g¨~§{YV njH$ma àH$Q>Z

^maVr` gZXr boImH$ma g¨ñWmZ Ûmam Omar boIm ‘mZH$-18 Ho$ AZwgma, ~¢H$ Ho$ g§~§{YV njH$mam| H$m àH$Q>Z {ZåZ{bpIV AZwgma h¡…

• g¨~§Y

(i) g¨`wŠV CnH« ‘:

- ½bmo~b àmoŠ`moa‘|Q> H$ÝgëQ>¢Q²>g {b{‘Q>oS>

(ii) ‘w»¶ à~§YH$s` H$m{‘©H$ A{YH$mar:

- lr S>o{dS> añH$sZm (à~§Y {ZXoeH$)

- lr Xo~m{eg ‘[ëbH$ (Cn à~§Y {ZXoeH$)

• ~¢H$ go g¨~§{YV njH$ma eof am{e`m§ VWm boZ-XoZm| H$m gmam§e ZrMo {X`m J`m h¡:

(` {‘{b`Z)

{ddaUg¨`wŠV CnH« ‘

‘w»¶ à~§YH$s`

H$m{‘©H$2018-19 2017-18 2018-19 2017-18

‘§Oya F$U - - - -

Omar Jma§{Q>`m§ - 1.58 - -

àmá ã`mO - - - -

àmá Jma§Q>r H$‘reZ - 0.004 - -

àXÎm godmAm| Ho$ EdO ‘| àmá ^wJVmZ - 0.05 - -

ñdrH$ma H$s JB© O‘m am{e`m§ - - - -

gmd{Y O‘m am{e`m| na àXÎm ã`mO - 0.31 0.30 0.42

~Q²>Q>mH¥$V/AnboIrH¥$V H$s JB© am{e - - - -

~H$m¶m gmd{Y O‘m am{e¶m§ - - 2.50 3.24

df© Ho$ A§V ‘| ~H$m`m F$U am{e - - - -

df© Ho$ A§V ‘| ~H$m`m Jma§{Q>`m§ - 1.58 - -

df© Ho$ Xm¡amZ ~H$m`m {Zdoe am{e 3.23 3.23 - -

àmá bm^m§e 0.42 0.42 - -

df© Ho$ Xm¡amZ ~H$m`m A{YH$V‘ F$U am{e - - - -

df© Ho$ Xm¡amZ ~H$m`m A{YH$V‘ Jma§{Q>`m§ - 4.45 - -

^Îmo g{hV doVZ - - 7.18 7.32

^m‹S>o H$m ^wJVmZ - - 0.30 0.30


22. Related Party Disclosures

As per AS–18 Related Party Disclosure issued by the ICAI, the Bank’s related parties are disclosed below:

• Relationship

(i) Joint Ventures:

- Global Procurement Consultants Limited

(ii) Key Managerial Personnel:

- Shri David Rasquinha (Managing Director)

- Shri Debasish Mallick (Deputy Managing Director)

• TheBank'srelatedpartybalancesandtransactionsaresummarisedasfollows:

(` million)

ParticularsJoint Venture

Key Managerial Personnel

2018-19 2017-18 2018-19 2017-18

Loans granted - - - -

Guarantees issued - 1.58 - -

Interest received - - - -

Guarantee commission received - 0.004 - -

Receipts towards services rendered - 0.05 - -

Term Deposit Accepted - - - -

Interest on Term Deposits - 0.31 0.30 0.42

Amounts written-off/written-back - - -

Term Deposit Outstanding - - 2.50 3.24

Loans outstanding at year-end - - - -

Guarantees outstanding at year-end - 1.58 - -

Investments outstanding at year end 3.23 3.23 - -

Dividend Received 0.42 0.42 - -

Maximum Loan outstanding during the year - - - -

Maximum Guarantees outstanding during the year - 4.45 - -

Salary including perquisites - - 7.18 7.32

Rent paid - - 0.30 0.30


164164 dm{f©H$ [anmoQ>© 2018-19

23. Am` na H$a H$m boIm§H$Z

(H$) Mmby df© Ho$ {bE H$a àmdYmZ H$m {ddaU:(` {~{b`Z)

(i) Am` na H$a 0.55

(ii) Omo‹S>o§: {Zdb AmñW{JV H$a Xo¶Vm 0.51

1.06

(I)AmñW{JV H$a AmpñV:

à‘wI H$am| Ho$ g§X^© ‘| AmñW{JV H$a AmpñV¶m| VWm Xo¶VmAm| H$m g§¶moOZ ZrMo {X¶m J¶m h¡:

(` {~{b`Z)

{ddaU

AmñW{JV H$a AmpñV`m§1. AñdrH$m`© àmdYmZ ({Zdb) 37.98

37.98

KQ>mE§: AmñW{JV H$a Xo`Vm1. AMb AmpñV`m| na ‘yë`õmg 0.05

2. ~m°ÝS> {ZJ©‘ IM© H$m n[aemoYZ 0.56

3. Ymam 36 (1) (viii) Ho$ A§VJ©V g¥{OV {deof Ama{jV {Z{Y¶m§ 4.60

5.22

{Zdb AmñW{JV H$a AmpñV`m§ (VwbZ-nÌ Ho$ 'AmpñV`m§" nj ‘| 'AÝ` AmpñV`m|" ‘| em{‘b)

32.76

24. g¨`wŠV CnH« ‘m| ‘| {hV H$s [anmo{Q>ªJ

I.

g¨`wŠV ê$n go {Z`§{ÌV g¨ñWm XoeYm[aVm H$m à{VeV

dV©‘mZ df© JV df©

H$ ½bmo~b àmoŠ`moa‘|Q> H$ÝgbQ>¢Q²>g {b{‘Q>oS> (OrnrgrEb) ^maV 28% 28%

II. boIm ‘mZH$ 27 g§`w³V CnH«$‘m| ‘| {hVm| H$s {dÎmr` [anmo{Q>ªJ Ho$ AZwgma, AmZwnm{VH$ g‘oH$Z nÕ{V H$m à`moJ H$aVo hþE g§`w³V ê$n go {Z`§{ÌV g§ñWmAm| ‘| {hVm| go g§~§{YV AmpñV`m|, Xo`VmAm|, Am` Am¡a ì`` H$s Hw$b am{e {ZåZ{bpIV AZwgma h¡…

(` {‘{b`Z)

Xo`VmE¨ 2018-19 2017-18 AmpñV`m¨ 2018-19 2017-18

ny±Or Ed§ Ama{jV {Z{Y`m¨ 28.23 26.67 AMb AmpñV`m¨ 0.05 0.07

F$U - - {Zdoe 19.76 14.95

AÝ` Xo`VmE¨ 5.13 8.24 AÝ` AmpñV`m¨ 13.55 19.89

Hw$b 33.36 34.91 Hw$b 33.36 34.91

AmH$pñ‘H$ Xo`VmE¨: eyÝ` (JV df©: eyÝ`)


23. Accounting for Taxes on Income

(a) Details of Provision for Tax for current year:

(` billion)

(i) Tax on Income 0.55(ii) Add: Net Deferred Tax Liability 0.51

1.06

(b) Deferred Tax Asset:

The composition of deferred tax assets and liabilities into major items is given below:

(` billion)

ParticularsDeferred Tax Assets

1. Provision Disallowed (Net) 37.9837.98

Less: Deferred Tax Liability1. Depreciation on Fixed Assets 0.052. Amortisation of Bond issue expenses 0.563. Special Reserve created under section 36 (1) (viii) 4.60

5.22Net Deferred Tax Assets [included in ‘Other Assets’ in the ‘Assets’ side of the Balance Sheet]

32.76

24. Financial Reporting of Interest in Joint Ventures

I.

Jointly Controlled Entities CountryPercentage of holding

Current Year Previous Year

AGlobal Procurement Consultants Ltd. (GPCL)

India 28% 28%

II. The aggregate amount of assets, liabilities, income and expenses related to the interest in the jointly controlled entities using the proportionate consolidation method as per AS 27 Financial Reporting of Interests in joint Ventures is as under:

(` million)

Liabilities 2018-19 2017-18 Assets 2018-19 2017-18Capital & Reserves 28.23 26.67 Fixed Assets 0.05 0.07Loans - - Investments 19.76 14.95Other Liabilities 5.13 8.24 Other Assets 13.55 19.89Total 33.36 34.91 Total 33.36 34.91

Contingent Liabilities: NIL (previous year: NIL)


166166 dm{f©H$ [anmoQ>© 2018-19

(` {‘{b`Z)

ì¶¶ 2018-19 2017-18 Am¶ 2018-19 2017-18

AÝ¶ ì¶¶ 11.54 11.36 nam‘eu Am¶ 13.35 14.13

àmdYmZ 1.04 1.26ã¶mO Am¶ VWm {Zdoe go Am¶

0.13 0.34

H$a níMmV bm^ 2.65 2.85 AÝ` Am¶ 1.75 1.00

Hw$b 15.23 15.47 Hw$b 15.23 15.47

25. AmpñV`m| H$m õmg

~¢H$ H$s AmpñV`m| ‘| A{YH$m§e AmpñV`m§ ""{dÎmr` AmpñV`m§'' h¢, {OZ na ""AmpñV`m| H$m õmg'' g§~§Yr boIm ‘mZH$

28 bmJy Zht hmoVm h¡& ~¢H$ H$s am` ‘|, {OZ AmpñV`m| na `o ‘mZH$ bmJy hmoVo h¢, CZ‘| C³V boIm ‘mZH$m| Ho$ g§~§Y

‘| {hgm~ ‘| boZo Ho$ {bE `Wm 31 ‘mM©, 2019 H$mo H$moB© õmg Zht hþAm h¡&

26. H$‘©Mmar bm^

~¢H$ Zo ^maVr` gZXr boImH$ma g§ñWmZ Ûmam H$‘©Mmar bm^m| na, `Wm 01 Aà¡b, 2007 go Omar boIm‘mZH$ -15

H$mo AnZm`m h¡& H$‘©Mmar bm^m| go CËnÝZ Xo`Vm H$mo ~¢H$ H$s ~{h`m| ‘| Xm{`Ëd Ho$ {dÚ‘mZ ‘yë` na {hgm~ ‘| {b`m

J`m h¡, {Og‘| VwbZ-nÌ H$s VmarI H$mo Am`moOZmJV AmpñV`m| Ho$ ghr ‘yë` H$mo KQ>m`m J`m h¡&

H$) VwbZ-nÌ ‘| {hgm~ ‘| br JB© am{e(` {~{b`Z)

{ddaU n|eZ {Z{Y Jo«À`wQ>r

Ad{Y Ho$ A§V ‘| Am`moOZmJV AmpñV`m| H$m ghr ‘yë` 1.008 0.159

Ad{Y Ho$ A§V ‘| {hV Xm{¶Ëdm| H$m dV©‘mZ ‘yë` 0.977 (0.169)

{ZYr¶Z pñW{V 0.031 (0.01)

Ad{Y Ho$ A§V ‘| {hgm~ ‘| Z br JB© nyd© godm bmJV - -

Ad{Y Ho$ A§V ‘| {hgm~ ‘| Z br JB© n[adVu Xo¶Vm - -

Ad{Y Ho$ A§V ‘| VwbZ nÌ ‘| {hgm~ ‘| br JB© {Zdb Xo`Vm (0.031) 0.01


(` million)

Expenses 2018-19 2017-18 Income 2018-19 2017-18Other Expenses 11.54 11.36 Consultancy Income 13.35 14.13

Provisions 1.04 1.26Interest income and Income from investment

0.13 0.34

Profit after Tax 2.65 2.85 Other Income 1.75 1.00Total 15.23 15.47 Total 15.23 15.47

25. Impairment of Assets

A substantial portion of the Bank’s assets comprise of ‘financial assets’ to which Accounting Standard 28 “Impairment of Assets” is not applicable. In the opinion of the Bank, there is no impairment of its assets (to which the standard applies) as at March 31, 2019 requiring recognition in terms of the said standard.

26. Employee Benefits

The Bank has adopted Accounting Standard 15 – Employee Benefits, issued by The Institute of Chartered Accountants of India (ICAI) w.e.f. April 01, 2007. The Bank recognises in its books the liability arising out of Employee Benefits as present value of obligations as reduced by the fair value of plan assets on the Balance Sheet date.

A) Amount to be recognised in the Balance Sheet

(` billion)

Particulars Pension Fund GratuityFair value of Plan Assets at the end of the period 1.008 0.159

Present value of Benefit Obligation at the end of the period

0.977 (0.169)

Funded Status 0.031 (0.01)Unrecognised past service cost at the end of the period - -Unrecognised transitional liability at the end of the period - -Net Liability recognised in the Balance Sheet (0.031) 0.01


168168 dm{f©H$ [anmoQ>© 2018-19

I) bm^ Am¡a hm{Z ImVo ‘| {hgm~ ‘| {b`m J`m ì``(` {~{b`Z)


dV©‘mZ godm bmJV 0.024 0.012

ã`mO ‘yë` (0.003) 0.001

{Z¶mo{OV AmpñV`m| na Anoo{jV à{V’$b 0.073 0.011

~r‘m§{H$H$ hm{Z/(bm^) 0.004 (0.003)

{dJV godm bmJV - J¡a {Z{hV bm^ - -

{dJV godm bmJV - {Z{hV bm^ - -

n[adVu Xm{¶Ëd - -

bm^ Ed§ hm{Z ImVo ‘| {hgm~ ‘| {b¶m J¶m ì¶¶ 0.024 0.01

{Z`moŠVm Ûmam `moJXmZ (0.01) (0.016)

J) ~r‘m§{H$H$ AZw‘mZm| H$m gmam§e


~Q²>Q>m Xa (à{V df©) 7.79% 7.79%

AmpñV`m| na Ano{jV à{V’$b H$s Xa (à{V df©) 7.79% 7.79%

doVZ d¥{Õ Xa (à{V df©) 7.00% 7.00%

Cnamo³V Ho$ A{V[a³V {dÎmr¶ df© 2018-19 Ho$ {bE Nw>Å>r ZH$XrH$aU H$s n[a^m{fV bm^ Xm{¶Ëd H$s am[e ` 0.0038 {~{b¶Z ahr, {OgH$m nyU©V… àmdYmZ {H$¶m Om MwH$m h¡&


B) Expense to be recognised in the Profit and Loss Account

(` billion)

Particulars Pension Fund Gratuity

Current Service Cost 0.024 0.012

Interest Cost (0.003) 0.001

Expected Return on Plan Assets 0.073 0.011

Actuarial Losses/(Gains) 0.004 (0.003)

Past Service Cost – Non-vested Benefit - -

Past Service Cost – vested benefit - -

Transitional liability - -

Expense recognised in Profit and Loss Account 0.024 0.01

Contributions by Employer (0.01) (0.016)

C) Summary of Actuarial Assumptions

Particulars Pension Fund Gratuity

Discount Rate (p.a.) 7.79% 7.79%

Expected Rate of Return on Assets (p.a.) 7.79% 7.79%

Salary Escalation Rate (p.a.) 7.00% 7.00%

In In addition to the above, for the year 2018-19, the amount of Defined Benefit Obligation of Leave Encashment works out to ` 0.0038 billion, which has been fully provided for.


170170 dm{f©H$ [anmoQ>© 2018-19

27. go~r Ho$ {XZm§H$ 29 A³Vy~a, 2013 Ho$ n[anÌ Ho$ AZwnmbZ ‘| ^maVr` {Z`m©V-Am`mV ~¢H$ Ûmam Omar {H$E JE

{d{^ÝZ ~m°ÝS>m| Ho$ {bE {S>~|Ma Q´ñQ>r H m g¨nH©$ {ddaU ZrMo {X`m J`m h¡:

{S>~|Ma Q´ñQ>r

EpŠgg Q´ñQ>r g{d©goO {b{‘Q>oS>

àm{YH¥$V ì`{³V: lr Aã~mg µO¡Xr, ‘w»` n[aMmbZ A{YH$mar

nVm:

X ê$~r, Xygar ‘§{Ob, EgS>ãë`y

goZmn{V ~mnQ> ‘mJ©,

XmXa n{ü‘, ‘w§~B© - 400 028

’$moZ: (022) 62300441/44

B©‘ob: [email protected]

do~gmBQ>: www.axistrustee.com

28. Ohm¨ H$ht Amdí`H$ g‘Pm J`m h¡, {nN>bo df© Ho$ Am§H$‹S>m| H$mo nwZg©‘y{hV {H$`m J`m h¡&








ZB© {Xëbr, 23 ‘B©, 2019










27. In terms of SEBI circular dated October 29, 2013, the contact details of the Debenture Trustee for various Bonds issued by Export-Import Bank of India are as given below:

DEBENTURE TRUSTEE

AXIS Trustee Services Ltd. Designated Person: Mr. Abbas Zaidi, Chief Operating Officer Address: The Ruby, 2nd Floor, SW Senpati Bapat Marg, Dadar West, Mumbai - 400 028

Tel.: (022) 62300441/44 E-mail: [email protected] Website: www.axistrustee.com

28. Previous year’s figures have been regrouped, wherever necessary.

173ANNUAL REPORT 2018-19173 dm{f©H$ [anmoQ>© 2018-19


As per Section 15 of the Export-Import Bank of India

Act, 1981 (Exim Bank Act), Exim Bank, with effect

from such date as the Central Government may, by

notification, appoint, shall establish a special fund to

be called the Export Development Fund (EDF). The

EDF was duly notified by the Central Government on

March 31, 1986, and was accordingly established

on the same date.

The Central Government, on March 31, 1986,

transferred an initial corpus of ` 100 million to

the EDF. Subsequently, the Central Government

transferred further amounts of ` 35 million

on March 23, 1987, and ` 6.52 million on

March 29, 1989. This corpus, along with interest

accrued by way of investment, and net of tax

paid to the Central Government, had grown to an

aggregate bank balance of ` 350.60 million by

March 31, 1996. Out of the total EDF corpus, an

amount of ` 250 million was transferred, with

Board and GOI approval, to a Reserve, termed

the ‘Sinking Fund (SF) Reserve’, under the Bank’s

General Fund. The purpose of the SF Reserve was

to absorb losses pertaining to Exim Bank’s lending

under export Lines of Credit (LOCs) / Buyer’s Credit,

which did not enjoy insurance cover from the ECGC

Ltd. From March 31, 1997, to March 31, 2019, the

total assets of EDF have grown to ` 7.77 billion.

As per the Statement of Objects and Reasons

in the Bill placed before the Parliament seeking

setting up of Export-Import Bank of India, the

Export Development Fund is to be utilised mainly

for the purposes of research, training, survey,

market intelligence, etc. in connection with the

country’s international trade as well as for financing

proposals which are unlikely to be supported

by banks and financial institutions. Utilisation of

the EDF is governed by Section 17 of the

DIRECTORS' REPORT

^maVr` {Z`m©V-Am`mV ~¢H$ A{Y{Z`‘, 1981 (EpŠµO‘

~¢H$ A{Y{Z`‘) H$s Ymam 15 Ho$ AZwgma, EpŠµO‘ ~¢H$ Eogr

{H$gr {V{W go O~ ^maV gaH$ma Bg g§~§Y ‘| A{Ygy{MV

H$ao, EH$ {deof {Z{Y ñWm{nV H$aoJr, {Ogo {Z`m©V {dH$mg

H$mof (B©S>rE’$) Ho$ Zm‘ go OmZm OmEJm& VXZwgma gaH$ma

Ûmam A{Ygy{MV {H$E JE AZwgma, 31 ‘mM©, 1986 H$mo ~¢H$

Ûmam {Z`m©V {dH$mg H$mof (B©S>rE’$) H$s {d{YdV ñWmnZm

H$s JB©&

^maV gaH$ma Ûmam 31 ‘mM©, 1986 H$mo Bg {Z`m©V {dH$mg

H$mof ‘| ` 100 {‘{b`Z H$s àma§{^H$ am{e A§V[aV

H$s JB©& BgHo$ ~mX ^maV gaH$ma Ûmam 23 ‘mM©,

1987 H$mo Bg H$mof ‘| ` 35 {‘{b`Z VWm 29 ‘mM©,

1989 H$mo ` 6.52 {‘{b`Z H$s am{e nwZ… A§V[aV H$s

JB©& Cn{MV ã`mO Am¡a H$a Am{X H$mo {ZH$mbH$a `Wm

31 ‘mM©, 1996 H$mo Hw$b am{e ~‹T>mH$a ` 350.60 {‘{b`Z

hmo JB© Wr& {ZXoeH$ ‘§S>b/^maV gaH$ma Ho$ AZw‘moXZ

go Bg H$mof ‘| go ` 250 {‘{b`Z H$s am{e ~¢H$ H$s

gm‘mÝ` {Z{Y Ho$ EH$ [aµOd© ’§$S>, {Ogo "qgqH$J ’§$S> (Eg

E’$) [aOd©' Zm‘ {X`m J`m, ‘| A§V[aV H$a Xr JB©& Bg

{gqH$J ’§$S> H$m CÔoí` Eogr F$U-ì`dñWmAm|/H«o$Vm-

F$Um| go CËnÝZ hm{Z`m| H$mo g‘m`mo{OV H$aZm Wm,

{OÝho§ B©grOrgr {b{‘Q>oS> Ûmam ~r‘m H$da

àmá Zht hmo gH$Vm h¡& 31 ‘mM©, 1997 go

`Wm 31 ‘mM©, 2019 H$mo {Z`m©V {dH$mg H$mof 2019 H$s

AmpñV`m§ ~‹T>H$a ` 7.77 {~{b`Z H$s hmo JB© h¢&

^maVr` {Z`m©V-Am`mV ~¢H$ H$s ñWmnZm g§~§Yr {dYo`H$

H$mo g§gX ‘| àñVwV H$aVo g‘` {XE JE H$WZ Ho$ CXoí`m|

‘| `h C{ëbpIV h¡ {H$ {Z`m©V {dH$mg H$mof H$s {Z{Y H$m

Cn`moJ ‘w»` ê$n go Xoe Ho$ A§Vaamï´>r` ì`mnma H$mo ~‹T>mdm

XoZo Ho$ {bE Am`mo{OV emoY, à{ejU, gd}jU, ‘mH}$Q>

B§Q>o{bO|g g{hV Eogo {dÎmnmofU àñVmdm| H$mo gh`moJ XoZo

Ho$ {bE {H$`m OmEJm, {OÝh| ~¢H$m| Am¡a {dÎmr` g§ñWmAm|

Ûmam AÝ`Wm gh`moJ {H$`m OmZm g§^d Zht hmoJm& {Z`m©V

{dH$mg H$mof Ho$ Cn`moJ g§~§Yr eV] EpŠµO‘ ~¢H$ A{Y{Z`‘

H$s Ymam 17 ‘| C{ëbpIV h¢, Omo Bg àH$ma h¢:

A{Y{Z`‘ H$s Ymam 17 (1) EpŠµO‘ ~¢H$ H$mo `h AZw‘{V

{ZXoeH$m| H$s [anmoQ>©


174174 dm{f©H$ [anmoQ>© 2018-19 174ANNUAL REPORT 2018-19

Exim Bank Act, as under:

Section 17(1) of the Act permits Exim Bank to (inter

alia) extend loans and advances in or outside India

for the purpose of exports, with the prior approval of

the Central Government.

Section 17(2) of the Act requires that Exim Bank,

prior to seeking such approval of the Central

Government, shall satisfy itself that “… banking

or financial institutions or other agencies are not

likely to grant such loan or advance, or to enter into

any such arrangement in the ordinary course of

business.”

Section 17(3) of the Act mandates that before giving

its approval, the Central Government shall satisfy

itself that such a facility would be necessary as a

matter of priority in the interests of the international

trade of India. The EDF, thus, offers itself as a useful

avenue for the GOI to facilitate international trade

and crossborder investment related activities that

may not be amenable to standard financing by

Exim Bank or other bank / financial institutions.

The Department of Financial Services (DFS),

Ministry of Finance conveyed the approval of the

Central Government under Section 17 (1) of the

Exim Bank Act, for domiciling in the Export

Development Fund (EDF), a Buyer's Credit Facility

(under NEIA) of ` 9 billion for extending to select

Iranian banks for financing export of goods and

services from India to Iran. Pursuant to receipt of

all necessary approvals, the EDF, on December

23, 2014, concluded an umbrella Framework

Agreement with seven Iranian banks for a Buyer's

Credit Facility of ` 9 billion with a tenure of up to

12 years, including a moratorium of up to 4 years,

to finance the export of goods and services from

India to Iran. The Buyer's Credit Facility to the

Iranian banks is backed by Sovereign Guarantee

of the Government of Iran. Subsequently, the DFS

conveyed its approval to enhancement of the facility

XoVr h¡ {H$ ~¢H$ {Z`m©Vm| Ho$ {bE ^maV ‘| `m ^maV go ~mha

H|$Ð gaH$ma Ho$ nyd© AZw‘moXZ go F$U AWdm A{J«‘ àXmZ

H$a gH$Vm h¡&

A{Y{Z`‘ H$s Ymam 17 (2) ‘| Ano{jV h¡ {H$ Eogo {H$gr

àñVmd na maV gaH$ma go AZw‘moXZ boZo go nhbo EpŠµO‘

~¢H$ ñd`§ Bg ~mV go g§Vwï> hmoJm {H$ ""~¢H$m| `m {dÎmr`

g§ñWmAm| `m AÝ` EO|{g`m| Ûmam Eogo F$U `m A{J«‘ {XE

OmZo AWdm gm‘mÝ` ì`dgm` ‘| Bg àH$ma H$m H$moB©

g‘Pm¡Vm {H$E OmZo H$s g§^mdZm Zht h¡&''

A{Y{Z`‘ H$s Ymam 17 (3) ‘| `h {ZX}{eV {H$`m J`m h¡ {H$

AnZm AZw‘moXZ XoZo go nhbo ^maV gaH$ma Bg VÏ` go

g§Vwï> hmoJr {H$ ^maV Ho$ A§Vaamï´>r` ì`mnma H$mo ~‹T>mdm XoZo

Ho$ {bE `h gw{dYm Xr OmZr Amdí¶H$ h¡ Am¡a `h BgHo$

{hV ‘| h¡& Bg àH$ma, {Z`m©V {dH$mg H$mof (B©S>rE’$),

^maV gaH$ma Ho$ {bE A§Vaamï´>r` ì`mnma Am¡a {dXoer

{Zdoe g§~§Yr Eogr J{V{d{Y`m| H$mo gwJ‘ ~ZmZo dmbm EH$

Cn`moJr H$mof h¡, {OZHo$ {bE EpŠµO‘ ~¢H$ `m AÝ` ~¢H$m|/

{dÎmr` g§ñWmAm| Ûmam gm‘mÝ` {dÎmnmofU g§^d Zht h¡&

{dÎmr` godmE§ {d^mJ, {dÎm ‘§Ìmb` Ûmam EpŠµO‘ ~¢H$

A{Y{Z`‘ H$s Ymam 17(1) Ho$ A§VJ©V H«o$Vm F$U (amï´>r`

{Z`m©V ~r‘m ImVo Ho$ A§VJ©V) gw{dYm Ho$ ê$n ‘| {Z`m©V

{dH$mg H$mof (B©S>rE’$) go ^maV go B©amZ H$mo dñVwAm|

Am¡a godmAm| Ho$ {Z`m©Vm| Ho$ {bE MwqZXm B©amZr ~¢H$m| H$mo

` 9 {~{b`Z H$s am{e àXmZ H$aZo Ho$ {bE H|$Ð gaH$ma

Ûmam gh‘{V àXmZ H$s JB©& VXwnamÝV, g^r Amdí`H$

AZw‘moXZ àmá H$aZo Ho$ ~mX, 23 {Xg§~a, 2014 H$mo B©S>rE’$

Ho$ A§VJ©V B©amZ Ho$ gmV ~¢H$m| H$mo `$9 {~{b`Z H$s H«o$Vm-

F$U gw{dYm àXmZ H$aZo Ho$ {bE Aå~«obm ’«o$‘dH©$ H$ama

na hñVmja {H$E JE& ^maV go B©amZ H$mo ‘mb Ed§ godmAm|

Ho$ {Z`m©V Ho$ {bE B©amZr ~¢H$m| H$mo `h gw{dYm 12 df© Ho$

{bE Xr JB© h¡, {Og‘| 4 df© H$s F$U ñWJZ (‘moaoQ>mo[a`‘)

Ad{Y em{‘b h¡& Bg F$U gw{dYm H$mo B©amZ gaH$ma H$s

g§à^w Jma§Q>r àmá h¡& VËníMmV, {dÎmr` godmE§ {d^mJ Ûmam

Bg ’«o$‘dH©$ H$ama Ho$ A§VJ©V Xr JB© F$U gw{dYm H$mo

` 9 {~{b`Z go ~‹T>mH$a ` 30 {~{b`Z H$aZo H$m AZw‘moXZ

{X`m J`m& ` 30 {~{b`Z H$s `h F$U gw{dYm Mm~hma

~§XaJmh Ho$ {dH$mg Ho$ {bE ^maV go ñQ>rb aobm| Ho$ Am`mVm|



covered under the Framework Agreement from ` 9 billion to ` 30 billion. The facility amount of ` 30 billion is envisaged for financing import of steel rails from India, and development of the Chabahar port. The modalities of utilisation of the credit will be decided in accordance with the Framework Agreement and regulatory approvals.

Under the Framework Agreement, the first contract for an aggregate value of ` 8.19 billion, for supply of 150,000 tonnes of steel rails from India to the Railway of the Islamic Republic of Iran, has since been approved under the BC-NEIA Facility. An amount of ` 8.11 billion has been disbursed under the contract and repayments under the facility has been commenced. The amount outstanding under the facility as on March 31, 2019 stood at ` 7.15 billion. The physical and financial completion has been achieved under the contract. Financing for the balance steel rails contract, and the contract for the Chabahar Port project are at various stages of negotiation/finalisation.

Profit before tax of the Export Development Fund during 2018-19 was ` 69.32 million as against ` 114.55 million during FY 2017-18. After providing for tax of ` 24.22 million, the post tax profit amounted to ` 45.10 million, as against ` 74.90 million during FY 2017-18. The profit of ` 45.10 million was carried forward to next year.

Ho$ {dÎmnmofU Ho$ {bE h¡& Bg F$U H$m Cn`moJ {H$g àH$ma

{H$`m OmE, BgHo$ g§~§Y ‘| ’«o$‘dH©$ H$ama Am¡a {Z`m‘H$s` AZw‘moXZm| Ho$ AZwgma {ZU©` {b`m OmEJm&

Bg ’«o$‘dH©$ H$ama Ho$ A§VJ©V, ^maV go B©amZr aobdo H$mo 150,000 Q>Z ñQ>rb aobm| H$s Amny{V© Ho$ {bE ` 8.19 {~{b`Z ‘yë` Ho$ nhbo H$m°ÝQ>¡³Q> H$mo ~rgr-EZB©AmB©E F$U gw{dYm Ho$ A§VJ©V AZw‘mo{XV {H$`m J`m& Bg H$m°ÝQ>¡³Q> Ho$ A§VJ©V ` 8.11 {~{b`Z H$s am{e H$m g§{dVaU {H$`m Om MwH$m h¡ Am¡a F$U H$s MwH$m¡Vr ^r ewê$ hmo MwH$s h¡& `Wm 31 ‘mM©, 2019 H$mo Bg F$U gw{dYm Ho$ A§VJ©V ~H$m`m am{e ` 7.15 {~{b`Z ahr& H$m°ÝQ>¡³Q> Ho$ A§VJ©V ^m¡{VH$ Am¡a {dÎmr` {ZînmXZ nyao {H$E Om MwHo$ h¢& eof ñQ>rb aob H$m°ÝQ>¡³Q> Am¡a Mm~hma ~§XaJmh n[a`moOZm Ho$ {bE {dÎmnmofU H$m°ÝQ>¡³Q> {ZJmo{eEeZ/A§{V‘ ê$n {XE OmZo Ho$ {d{^ÝZ MaUm| ‘| h¡&

{Z`m©V {dH$mg H$mof H$m H$a nyd© bm^ {dÎmr` df© 2017-18 Ho$ ` 114.55 {‘{b`Z H$s VwbZm ‘| {dÎmr` df© 2018-19 Ho$ Xm¡amZ ` 69.32 {‘{b`Z ahm& H$a Ho$ {bE ` 24.22 {‘{b`Z àXmZ H$aZo Ho$ ~mX H$a nümV bm^ {dÎmr` df© 2017-18 Ho$ ` 74.90 {‘{b`Z H$s VwbZm ‘| {dÎmr` df© 2018-19 Ho$ Xm¡amZ ` 45.10 {‘{b`Z ahm& ` 45.10 {‘{b`Z Ho$ bm^ H$s Bg am{e H$mo AJbo df© Ho$ ImVo ‘| bo Om`m J`m h¡&


176176 dm{f©H$ [anmoQ>© 2018-19 176ANNUAL REPORT 2018-19

To

The President of India Report on the Financial Statements

1. We have audited the accompanying financial statements of the Export Development Fund of the Export-Import Bank of India (‘the Bank’), which comprises of the Balance Sheet as at 31st March, 2019 and the Profit and Loss Account for the year then ended and a summary of significant accounting policies and other explanatory information.

Management’s Responsibility for the Financial Statements

2. The Management of the Bank is responsible for the preparation of the financial statements in accordance with the Export-Import Bank of India Act, 1981 (‘the Act’) and the Regulations framed thereunder. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Bank and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgements and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statements that give a true and fair view of the financial position, financial performance and cash flows of the Bank, and are free from material misstatement, whether due to fraud or error.

Auditor’s Responsibility:

3. Our responsibility is to express an opinion on these financial statements based on our audit.

godm ‘|

^maV Ho$ amï´>n{V

{dÎmr` {ddaUm| na [anmoQ>©

1. h‘Zo ^maVr` {Z`m©V-Am`mV ~¢H$ ("~¢H$') H$s {Z`m©V

{dH$mg {Z{Y Ho$ g§b¾ {dÎmr` {ddaUm| H$s boIm narjm

H$s h¡, {Og‘| `Wm 31 ‘mM©, 2019 H$mo VwbZ nÌ Am¡a

C³V VmarI H$mo g‘má df© Ho$ {bE ~¢H$ Ho$ {Z`m©V

{dH$mg H$mof Ho$ bm^ Am¡a hm{Z boIo Ed§ ‘hÎdnyU©

boIm Zr{V`m| Ho$ gmam§e Ed§ AÝ` {ddaUmË‘H$ Am§H$‹S>o

em{‘b h¢&

{dÎmr` {ddaUm| Ho$ {bE à~§YZ H$m CÎmaXm{`Ëd

2. ~¢H$ H$m à~§YZ BZ {dÎmr` {ddaUm| H$mo ^maVr`

{Z`m©V-Am`mV ~¢H$ A{Y{Z`‘, 1981 ("A{Y{Z`‘')

VWm CgHo$ AYrZ {da{MV {d{Z`‘m| H$s AnojmAm|

Ho$ AZwê$n V¡`ma H$aZo Ho$ {bE CÎmaXm`r h¡& Bg

CÎmaXm{`Ëd ‘|, ~¢H$ H$s AmpñV`m| H$mo gwajm àXmZ

H$aZo VWm YmoImY‹S>r Ed§ AÝ` A{Z`{‘VVmAm|

H$mo amoH$Zo Am¡a CZgo ~MZo Ho$ {bE A{Y{Z`‘ Ho$

àmdYmZm| Ho$ AZwê$n g‘w{MV boIm A{^boI aIZm;

C{MV boIm Zr{V`m| H$m M`Z Ed§ CZH$m AZwà`moJ;

C{MV Ed§ {ddoH$gå‘V AmH$bZ nÕ{V AnZmZm Am¡a

{ZU©` boZm; g‘w{MV Am§V[aH$ {dÎmr` n[aMmbZm| H$m

{ZYm©aU, H$m`m©Ýd`Z VWm CZH$m {Zdm©h H$aZm, Omo

{dÎmr` {ddaUm| H$mo V¡`ma H$aZo Am¡a CÝh| àñVwV H$aZo

Ho$ {bE Amdí`H$ boIm A{^boIm| H$s ewÕVm Am¡a

nyU©Vm gw{Z{üV H$aZo Ho$ {bE à^mdr ê$n go H$m‘

H$aVo h¢& `o {dÎmr` {ddaU {dÎmr` pñW{V, {dÎmr`

H$m`©{ZînmXZ Am¡a ~¢H$ Ho$ ZH$Xr àdmh H$s gË` Am¡a

Ý`m`g§JV pñW{V ~VmVo h¢ Am¡a BZ‘| YmoImY‹S>r AWdm

^ybde H$moB© {‘Ï`m H$WZ Zht hmoVm h¡&

boIm narjH$ H$m CÎmaXm{`Ëd

3. h‘mam CÎmaXm{`Ëd BZ {dÎmr` {ddaUm| Ho$ ~mao ‘|

h‘mao Ûmam H$s JB© boIm narjm Ho$ AmYma na am`

XoZm h¡&

INDEPENDENT AUDITOR’S REPORT

ñdV§Ì boIm narjH$m| H$s [anmoQ>©



4. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

5. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Bank’s preparation and fair presentation of the financial statements, in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by the Bank’s management, as well as evaluating the overall presentation of the financial statements.

6. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Opinion

7. In our opinion and to the best of our information and according to the explanations given to us, the said financial statements give the information in accordance with the requirements of the Act and the Regulations framed thereunder and give a true and fair view in conformity with the accounting principles generally accepted in India:

(i) In the case of the Balance Sheet, of the state of affairs of the Export Development Fund of the Bank as at 31st March, 2019;

(ii) In the case of the Profit and Loss Account, of the profit for the year ended 31st March, 2019.

4. h‘Zo h boIm narjm maVr` gZXr boImH$ma g§ñWmZ

Ûmam Omar boIm narjm ‘mZH$m| Ho$ AZwê$n H$s h¡& BZ

‘mZH$m| ‘| `h Ano{jV h¡ {H$ h‘ Z¡{VH$ AnojmAm| H$m

AZwnmbZ H$aVo hþE AnZr boIm narjm H$mo Bg àH$ma

{Zînm{XV Am¡a {Z`mo{OV H$a| Vm{H$ VH©$nyU© ê$n go

`h gw{Z{üV {H$`m Om gHo$ {H$ BZ {dÎmr` {ddaUm| ‘|

{H$gr àH$ma H$s H$moB© ‘hÎdnyU© gyMZm JbV Zht h¡&

5. boIm narjm Ho$ A§VJ©V {dÎmr` {ddaUm| ‘| am{e`m| Am¡a

àH$Q>rH$aU H$mo à‘m{UV H$aZo dmbo gmú`m| H$s narjU

Ho$ AmYma na Om§M H$aZm em{‘b hmoVm h¡& BgHo$ {bE

AnZmB© OmZo dmbr à{H«$`m nyU©V`m boIm narjH$m| Ho$

{ZU©` na {Z^©a h¡, {Og‘| ‘hÎdnyU© {ddaUm| Ho$ g§~§Y

‘| YmoImY‹S>r AWdm ^ybde ^«m‘H$ {‘Ï`mH$WZ Ho$

OmopI‘m| H$m ‘yë`m§H$Z H$aZm em{‘b h¡& BZ OmopI‘m|

H$m ‘yë`m§H$Z H$aVo g‘` boIm-narjH$ ~¢H$ Ho$

{dÎmr` {ddaUm| H$mo V¡`ma H$aZo Am¡a CZHo$ Ý`m`g§JV

àñVw{VH$aU go g§~§{YV Am§V[aH$ n[aMmbZm| na {dMma

H$aVm h¡, Vm{H$ n[apñW{V`m| Ho$ AZwgma g‘w{MV boIm

à{H«$`m AnZmB© Om gHo$& boIm narjm ‘|, ~¢H$ Ho$ à~§YZ

Ûmam {H$E JE boIm AmH$bZm| ‘| à`w³V boIm Zr{V`m|

Am¡a Vm{H©$H$Vm Ho$ gmW-gmW {dÎmr` {ddaUm| Ho$ g‘J«

àñVw{VH$aU H$m ‘yë`m§H$Z H$aZm ^r em{‘b h¡&

6. h‘| {dídmg h¡ {H$ boIm narjm Ho$ {bE h‘mao Ûmam àmá

{H$E JE gmú` n`m©á Am¡a g‘w{MV h¢ VWm h‘mao boIm

narjm A{^‘V Ho$ {bE VH©$g§JV AmYma àXmZ H$aVo h¢&

A{^‘V

7. h‘mar am` Am¡a gdm}Îm‘ OmZH$mar VWm h‘| {XE JE

ñnï>rH$aU Ho$ AZwgma C³V {dÎmr` {ddaU VWm CZ

na boIm {Q>ßn{U`m§ A{Y{Z`‘ VWm CgHo$ A§VJ©V

{da{MV {d{Z`‘m| H$s AnojmAm| Ho$ AZwê$n h¢ VWm

^maV ‘| gm‘mÝ`V… ñdrH¥$V boIm ‘mZH$m| Ho$ AZwê$n

gÀMr Am¡a ghr pñW{V àX{e©V H$aVo h¢:

(i) `Wm 31 ‘mM©, 2019 H$mo ~¢H$ Ho$ {Z`m©V {dH$mg

H$mof Ho$ VwbZ nÌ, Bg H$mof H$s pñW{V Ho$

‘m‘bo ‘|;

dm{f©H$ [anmoQ>© 2018-19


178178 dm{f©H$ [anmoQ>© 2018-19 178

Report on Other Legal and Regulatory Matters:

8. The Balance Sheet and the Profit and Loss

Account have been drawn up in accordance

with the provisions of the Act and the

Regulations framed thereunder.

9. We report that:

(i) We have obtained all the information and

explanations which to the best of our

knowledge and belief, were necessary for

the purpose of our audit and have found

them to be satisfactory.

(ii) The transactions of the Bank, which have

come to our notice, have been within the

powers of the Bank.

10. In our opinion, the Balance Sheet and Profit

and Loss Account comply with the mandatory

Accounting Standards issued by the Institute of

Chartered Accountants of India.

11. We further report that:

(i) The Balance Sheet and Profit and Loss

Account dealt with by this report, are in

agreement with the books of account and

the returns.

(ii) In our opinion, proper books of account as

required by law have been kept by the Bank

so far as appears from our examination of

those books.

(ii) ¶Wm 31 ‘mM©, 2019 H$mo g‘má df© Ho$ {bE bm^

Ho$ bm^ Am¡a hm{Z boIm Ho$ ‘m‘bo ‘|;

AÝ` {d{YH$ VWm {d{Z`m‘H$ ‘m‘bm| na [anmoQ>©

8. VwbZ nÌ, bm^ Am¡a hm{Z ImVm VWm ZH$Xr àdmh

{ddaU A{Y{Z`‘ VWm CgHo$ A§VJ©V {da{MV

{d{Z`‘m| Ho$ àmdYmZm| Ho$ AZwê$n V¡`ma {H$E JE h¢&

9. h‘ `h [anmoQ>© H$aVo h¢ {H$…

(iii) boIm narjm Ho$ {bE h‘mar A{YH$V‘ OmZH$mar

Am¡a {dídmg Ho$ AZwgma Omo VÏ` Am¡a ñnï>rH$aU

Amdí`H$ Wo, do g~ h‘Zo àmá {H$E h¢ Am¡a do

g§VmofOZH$ h¢&

(iv) ~¢H$ Ho$ g§ì`dhma, Omo h‘mao g§kmZ ‘| bmE JE h¢,

~¢H$ H$s e{³V`m| Ho$ AÝXa h¢&

10. h‘mar am` ‘| Vwb ZnÌ, bm^ Am¡a hm{Z boIm ^maVr`

gZXr boImH$ma g§ñWmZ Ûmam Omar A{Zdm`© boIm

narjm ‘mZH$m| Ho$ AZwê$n h¢&

11. h‘ `h ^r [anmoQ>© H$aVo h¢ {H$…

(i) Bg [anmoQ>© ‘| àñVwV VwbZ nÌ, bm^-hm{Z boIm

~¢H$ H$s boIm ~{h`m| Am¡a {dda{U`m| Ho$ AZwê$n h¢&

(ii) h‘mao {dMma ‘| Am¡a h‘mao narjU Ho$ AmYma na

~¢H$ Ûmam {d{Y {ZYm©[aV AZwgma BZ ~{h`m| H$m

C{MV A{^boI aIm J`m h¡&

ANNUAL REPORT 2018-19

For JCR & CO. Chartered Accountants Firm Registration No.105270W

CA RACHITA SALHOTRA PARTNER

Membership No.100919

UDIN: 19100919AAAAAJ6772

Mumbai, 23rd May, 2019

H¥$Vo OogrAma E§S> H§$.

gZXr boImH$ma

’$‘© a{OñQ´>oeZ g§»`m 105270W

grE a{MVm gmëhmoÌm nmQ>©Za

gXñ`Vm g§. 100919

¶yS>rAmB©EZ: 19100919AAAAAJ6772

‘w§~B©, 23 ‘B©, 2019



Bg df©

(`Wm 31.03.2019 H$mo)`

JV df©

(`Wm 31.03.2018 H$mo)`

Xo`VmE§

1. F$U…H$) gaH$ma go - - I) AÝ` òmoVm| go 6,550,225,350 6,932,011,546

2. AZwXmZ:H$) gaH$ma go 128,307,787 128,307,787I) AÝ` òmoVm| go - -

3. Cnhma, XmZ, CnH¥${V`m§:H$) gaH$ma go - - I) AÝ` òmoVm| go - -

4. AÝ` Xo`VmE§ 465,062,828 951,143,165

5. bm^ Am¡a hm{Z boIm 631,065,338 585,967,085

`moJ 7,774,661,303 8,597,429,583

AmpñV`m§

1. ~¢H$ H$s eof am{e`m§ H$) Mmby ImVm| ‘| 116,550 116,549

I) AÝ` O‘m ImVm| ‘| - -

2. {Zdoe - -

3. F$U Ed§ A{J«‘:H$) ^maV ‘| - - I) ^maV Ho$ ~mha 7,162,578,926 8,116,580,978

4. ^wZmE JE, nwZ^w©ZmE JE {d{Z‘` {~b Am¡a dMZ-nÌ…H$) ^maV ‘| - - I) ^maV Ho$ ~mha - -

5. AÝ` AmpñV`m§ H$) {ZåZ{bpIV na Cn{MV ã`mO i) F$U Ed§ A{J«‘ 211,737,594 238,400,353 ii) {Zdoe/~¢H$ eof - -I) àXÎm A{J«‘ Am` H$a 267,531,703 242,331,703J) AÝ` 132,696,530 -

`moJ 7,774,661,303 8,597,429,583

`Wm 31 ‘mM©, 2019 H$mo VwbZ-nÌ{Z`m©V {dH$mg {Z{Y

dm{f©H$ [anmoQ>© 2018-19


180180 dm{f©H$ [anmoQ>© 2018-19 180


`


`

LIABILITIES

1. Loans:a) From Government - - b) From Other Sources 6,550,225,350 6,932,011,546

2. Grants:a) From Government 128,307,787 128,307,787b) From Other Sources - -

3. Gifts, Donations, Benefactions:a) From Government - - b) From Other Sources - -

4. Other Liabilities 465,062,828 951,143,165

5. Profit and Loss Account 631,065,338 585,967,085

Total 7,774,661,303 8,597,429,583

ASSETS

1. Bank Balances: a) In current accounts 116,550 116,549b) In other deposit accounts - -

2. Investments - -

3. Loans and Advances:a) In India - - b) Outside India 7,162,578,926 8,116,580,978

4. Bills of Exchange and Promissory Notes Discounted, Rediscounted:a) In India - - b) Outside India - -

5. Other Assets:a) Accrued interest on: i) Loans and Advances 211,737,594 238,400,353 ii) Investments/bank balances - -b) Advance Income Tax paid 267,531,703 242,331,703c) Others 132,696,530 -

Total 7,774,661,303 8,597,429,583

BALANCE SHEET AS AT 31ST MARCH, 2019EXPORT DEVELOPMENT FUND




{Z`m©V {dH$mg {Z{Y

Bg df©

(`Wm 31.03.2019 H$mo)`

JV df©

(`Wm 31.03.2018 H$mo)`

AmH$pñ‘H$ Xo¶VmE§

i) ñdrH¥${V`m§, Jma§{Q>`m§, nam§H$Z VWm AÝ` Xm{`Ëd - -

ii) dm`Xm {d{Z`‘ g¨{dXmAm| H$s ~H$m`m am{e`m| na - -

iii) hm‘rXmar Ed§ dMZ~ÕVmAm| na - -

iv) A§eV… àXÎm {Zdoem| na AZmhÿV Xo`VmE§ - -

v) ~¢H$ na Xmdo {OÝh| F$U Ho$ ê$n ‘| ñdrH$ma Zht {H$`m J`m h¡

- -

vi) g¨J«hU Ho$ {bE {~b - -

vii) gh^m{JVm à‘mU-nÌm| na - -

viii) ^wZmE JE/nwZ… ^wZmE JE {~b - -

ix) AÝ` am{e`m§ {OZHo$ {bE ~¢H$ AmH$pñ‘H$ ê$n go {Oå‘oXma h¡

- -

{Q>ßnUr:^maVr` {Z`m©V-Am`mV ~¢H$ A{Y{Z`‘, 1981 (A{Y{Z`‘) H$s Ymam 15 H$s eVm] Ho$ AZwgma ~¢H$ Ûmam {Z`m©V {dH$mg {Z{Y H$s ñWmnZm H$s JB© h¡& A{Y{Z`‘ H$s Ymam 17 H$s eVm] Ho$ AZwgma, {H$gr ^r F$U AWdm A{J«‘ H$s ‘§Oyar go nhbo AWdm Eogr H$moB© ì`dñWm H$aZo go nhbo ^maVr` {Z`m©V-Am`mV ~¢H$ H$mo Ho$ÝÐ gaH$ma H$m nyd© AZw‘moXZ àmá H$aZm hmoJm&








ZB© {Xëbr, 23 ‘B©, 2019

dm{f©H$ [anmoQ>© 2018-19


182182 dm{f©H$ [anmoQ>© 2018-19 182

EXPORT DEVELOPMENT FUND


`


`

CONTINGENT LIABILITIES

i) Acceptances, Guarantees, Endorsements and other obligations - -

ii) On outstanding forward exchange contracts - -

iii) On underwriting commitments - -

iv) Uncalled Liability on partly paid investments - -

v) Claims on the Bank not acknowledged as debts - -

vi) Bills for collection - -

vii) On participation certificates - -

viii) Bills Discounted/Rediscounted - -

ix) Other monies for which the Bank is contingently liable

- -

Note:The Bank has established Export Development Fund in terms of Section 15 of Export-Import Bank of India Act, 1981 (The Act). In terms of Section 17 of the Act, before granting any loan or advance or entering into any such arrangement, Exim Bank has to obtain the prior approval of the Central Government.












Bg df© `

JV df©`

ì``1. ã`mO 624,492,619 555,196,9692. AÝ` ì`` 196,703 3,143,1893. AmJo bo Om`m J`m bm^ 69,322,204 114,545,618

`moJ 694,011,526 672,885,776

Am`H$a Ho$ {bE àmdYmZ 24,223,951 39,642,000

VwbZ-nÌ ‘| A§V[aV eof bm^ 45,098,253 74,903,618

69,322,204 114,545,618

Am`1. ã`mO Am¡a ~Q²>Q>m

H$) F$U Ed§ A{J«‘ 694,011,526 663,567,960

I) {Zdoe/~¢H$ eof - 4,697,7142. {d{Z‘`, H$‘reZ, ~«moH aoO Am¡a ’$sg - 4,620,1023. AÝ` Am` - - 4. VwbZ-nÌ H$mo bo Om`r J`r hm{Z - -

`moJ 694,011,526 672,885,776

bm^ ZrMo bm`m J`m 69,322,204 114,545,618

nyd©dVu dfm] H$s Am{YŠ` Am`/ã`mO H$a Ho$ àmdYmZ H$m à{VboIZ - -

69,322,204 114,545,618

31 ‘mM©, 2019 H$mo g‘má df© Ho$ {bE bm^ Am¡a hm{Z boIm{Z`m©V {dH$mg {Z{Y








ZB© {Xëbr, 23 ‘B©, 2019

dm{f©H$ [anmoQ>© 2018-19


184184 dm{f©H$ [anmoQ>© 2018-19 184

This year `

Previous year`

EXPENDITURE1. Interest 624,492,619 555,196,9692. Other Expenses 196,703 3,143,1893. Profit carried down 69,322,204 114,545,618

Total 694,011,526 672,885,776

Provision for Income Tax 24,223,951 39,642,000Balance of profit transferred to Balance Sheet 45,098,253 74,903,618

69,322,204 114,545,618

INCOME1. Interest and Discount:

a) loans and advances 694,011,526 663,567,960b) investments/bank balances - 4,697,714

2. Exchange, Commission, Brokerage and Fees - 4,620,1023. Other Income - - 4. Loss carried to Balance Sheet - -

Total 694,011,526 672,885,776

Profit brought down 69,322,204 114,545,618Excess Income/Interest tax provision of earlier years written back - -

69,322,204 114,545,618

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2019

EXPORT DEVELOPMENT FUND











^maV pñWV H$m¶m©b¶Ah‘Xm~mXgmH$ma &&, nhbr ‘§{µOb, E{bg{~«O em°qnJ g|Q>a Ho$ nmg,E{bg{~«O nr. Amo., Ah‘Xm~mX - 380 006.

’$moZ: +91 79 26576852/26576843 & ’¡$³g: +91 79 26577696

B©-‘ob: [email protected]

~|Jbyé$a‘Ulr AmH}$S>, Mm¡Wr ‘§{µOb, 18, E‘. Or. amoS>, ~|Jbyé$- 560 001.

’$moZ: +91 80 25585755/25589101-04

’¡$³g: +91 80 25589107


M§S>rJ‹T>gr-213, Xÿgar ‘§{µOb, EbmÝVo H$m¶m©b¶, Am¡Úmo{JH$ joÌ ’o$O-1, M§S>rJ‹T> - 160 002.

’$moZ: +91 172 4629171-73 & ’¡$³g: +91 172 4629175


MoÝZ¡¡AmodagrO Q>m°dg©, Mm¡Wr Ed§ nm§Mdr ‘§{µOb, 756-Eb, AÝZm gbmB©, MoÝZ¡¡ - 600 002.

’$moZ: +91 44 28522830/31 & ’¡$Šg: +91 44 28522832


JwdmhmQ>rZoS>’$s hmCg, Mm¡Wr ‘§{µOb, Or. Eg. amoS>, {Xgnwa, JwdmhmQ>r - 781 006.

’$moZ: +91 361 2237607/609 & ’¡$Šg: +91 361 2237701


h¡Xam~mXJmoëS>Z E{S>{’$g, Xÿgar ‘§{µOb, 6-3-639/640,amO ^dZ amoS>, I¡aVm~mX gH©$b, h¡Xam~mX - 500 004.

’$moZ: +91 40 23307816-21 & ’¡$³g: +91 40 23317843


H$mobH$mVmdm{UÁ¶ ^dZ, Mm¡Wr ‘§{µOb, (A§Vaamï´>r¶ ì¶mnma gwJ‘rH$aU H|$Ð),1/1 dwS> ñQ´>rQ>, H$mobH$mVm - 700 016.

’$moZ: +91 33 22833419/20 & ’¡$³g: +91 33 22891727


ZB© {XëbrAm°{’$g ãbm°H$. Q>m°da 1, gmVdr¨ ‘§{µOb, [a¨J amoS> Ho$ nmg, {H$XdB© ZJa (nyd©), ZB© {Xëbr - 110 023.

’$moZ: +91 11 61242600 / 24607700 & ’¡$³g: +91 11 20815029


nwUoZ§. 402 Am¡a 402 (~r), Mm¡Wr ‘§{µOb, {g½ZoMa {~pëS§>J, ^må~wS>m©, ^§S>maH$a amoS>, {edmOr ZJa, nwUo - 411 004.

’$moZ: +91 20 25648856 & ’¡$³g: +91 20 25648846


^maVr` {Z`m©V-Am`mV ~¢H$ Ho$ H$m`m©b`àYmZ H$m`m©b`

Ho$ÝÐ EH$ ^dZ, 21dt ‘§{µOb, {díd ì¶mnma Ho$ÝÐ g§Hw$b, H$µ’$ naoS>, ‘w§~B© - 400 005.

’$moZ: (91 22) 22172600 & ’¡$³g: (91 22) 22182572 B©-‘ob: [email protected] & do~gmBQ>: www.eximbankindia.in, www.eximmitra.in

b§XZ emIm5dt ‘§{µOb, 35 qH$J ñQ´>rQ>, b§XZ B©gr 2dr 8 ~r~r, ¶yZmBQ>oS> qH$JS>‘.’$moZ: +44 20 77969040 & ’¡$³g: +44 20 76000936


{dXoe pñWV H$m¶m©b¶Am{~XOmZ5dt ‘§{µOb, AÁ¶ya {~pëS>¨J, 18-Xm°³Va H«$moµOo amoS>,ßboË¶mo-Am{~XOmZ, H$moV {X'dma.’$moZ: +225 20 24 29 51 & ‘mo~mBb: +225 79707149

’¡$³g: +225 20 24 29 50


A{Xg A~m~mhmCg Z§. 46, O¡H«$mog EñQoQ> H§$nmC§S, dmoaoS>m 07, ~mobo g~-{gQ>r, A{Xg A~m~m, B{W¶mo{n¶m.’$moZ: +251 116 222296 & ’¡$³g: +251 116 610170


T>mH$m‘Yw{‘Vm ßbmµOm H$m°ZH$m°S>©, 12dt ‘§{µOb, ßbm°Q> g§. 11, amoS> Z§. 11, ãbm°H$ Or, ~mZmZr T>mH$m - 1213, ~m§½bmXoe.’$moZ: +88 01 708 520 444


Xw~B©bodb 5, Q>oZ|gr 1~r, JoQ> àrqg³Q> {~pëS>¨J Z§. 3,Xþ~B© A§Vaamï´>r¶ {dÎmr¶ Ho$ÝÐ, nrAmo ~m°³g Z§. 506541, Xþ~B©, ¶yEB©.’$moZ: +971 4 3637462 & ’¡$³g: +971 4 3637461


Omohm§ñ~J©Xÿgar ‘§{µOb, g¢S>Q>Z {gQ>r {Q²>dZ Q>m°dg© B©ñQ>, g¢S>hñQ>© EŠgQ>|eZ 3, g¢Q>Z 2196, Omohm§ñ~J©, X{jU A’«$sH$m.’$moZ: +27 11 3265103/13 & ’¡$³g: +27 11 7844511


qgJmnwa20, H$mo{b¶a ³do, #10-02, qgJmnwa - 049319.

’$moZ: +65 65326464 & ’¡$³g: +65 65352131


dmqeJQ>Z S>r. gr.1750 n|{gëdo{Z¶m EdoÝ¶y EZ. S>ãë¶y, gyBQ> 1202,

dmqeJQ>Z S>r. gr. 20006, g§¶w³V amÁ¶ A‘o[aH$m.’$moZ: +1202 223 3238 & ’¡$³g: +1202 785 8487


`m§JyZhmCg Z§. 54/E, Vb ‘§{µOb, ~mo¶maÝ¶wV ‘mJ©, S>¡JZ Q>mCZ{en, `m§JyZ, å¶m§‘ma.’$moZ: +95 1389520 & ‘mo~mBb: +95 1389520



186186 dm{f©H$ [anmoQ>© 2018-19ANNUAL REPORT 2018-19

Domestic Offices

AHMEDABADSakar II, 1st Floor, Next to Ellisbridge Shopping Centre, Ellisbridge P. O., Ahmedabad - 380 006.Ph.: +91 79 26576852/26576843 | Fax: +91 79 26577696E-mail: [email protected]

BENGALURURamanashree Arcade, 4th Floor, 18, M. G. Road, Bengaluru - 560 001.Ph.: +91 80 25585755/25589101-04 | Fax: +91 80 25589107E-mail: [email protected]

CHANDIGARHC- 213, 2nd Floor, Elante Offices, Industrial Area Phase -1, Chandigarh - 160 002.Ph.: +91 172 4629171-73 | Fax: +91 172 4629175E-mail: [email protected]

CHENNAIOverseas Towers, 4th and 5th Floor, 756-L, Anna Salai, Chennai - 600 002.Ph.: +91 44 28522830/31 | Fax: +91 44 28522832E-mail: [email protected]

GUWAHATINEDFi House, 4th Floor, GS Road, Dispur, Guwahati - 781 006. Ph.: +91 361 2237607/609 | Fax: +91 361 2237701E-mail: [email protected]

HYDERABADGolden Edifice, 2nd Floor, 6-3-639/640, Raj Bhavan Road,Khairatabad Circle, Hyderabad - 500 004.Ph.: +91 40 23307816-21 | Fax: +91 40 23317843E-mail: [email protected]

KOLKATAVanijya Bhawan, 4th Floor, (International Trade Facilitation Centre),1/1 Wood Street, Kolkata - 700 016.Ph.: +91 33 22833419/20 | Fax: +91 33 22891727E-mail: [email protected]

NEW DELHIOffice Block, Tower 1, 7th Floor, Adjacent Ring Road, Kidwai Nagar (East), New Delhi - 110 023.Ph.: +91 11 61242600/24607700 | Fax: +91 11 20815029 E-mail: [email protected]

PUNENo. 402 & 402 (B) 4th Floor Signature Building, Bhamburda, Bhandarkar Rd., Shivajinagar, Pune - 411 004.Ph.: +91 20 25648856 | Fax: +91 20 25648846 E-mail: [email protected]

OUR GLOBAL FOOTPRINT

Head OfficeCentre One Building, 21st Floor, World Trade Centre Complex,

Cuffe Parade, Mumbai - 400 005.Ph.: +91 22 22172600 | Fax: +91 22 22182572

E-mail: [email protected] | Website: www.eximbankindia.in | www.eximmitra.in

Overseas Offices

ABIDJAN5th Floor, Azur Building, 18-Docteur Crozet Road, Plateau, Abidjan, Côte d'Ivoire.Ph.: +225 20 24 29 51 | Fax: +225 20 24 29 50E-mail: [email protected]

ADDIS ABABAHouse No. 46, Jakrose Estate Compound, Woreda 07, Bole Sub-City, Addis Ababa, Ethiopia.Ph.: +251 118 222296 | Fax: +251 116 610170E-mail: [email protected]

DHAKA Modhumita Plaza Concord, Floor 12, Plot No. 11, Road No. 11, Block G, Banani, Dhaka - 1213, Bangladesh.Ph.: +88 01 708 520 444 E-mail: [email protected]

DUBAILevel 5, Tenancy 1B, Gate Precinct Building No. 3, Dubai International Financial Centre, PO Box No. 506541, Dubai, UAE.Ph.: +971 4 3637462 | Fax: +971 4 3637461E-mail: [email protected]

JOHANNESBURG2nd Floor, Sandton City Twin Towers East, Sandhurst Ext. 3, Sandton 2196, Johannesburg, South Africa.Ph.: +27 11 3265103/13 | Fax: +27 11 7844511E-mail: [email protected]

SINGAPORE20, Collyer Quay, #10-02, Singapore - 049319.Ph.: +65 65326464 | Fax: +65 65352131E-mail: [email protected]

WASHINGTON D.C.1750 Pennsylvania Avenue NW, Suite 1202, Washington D.C. 20006, United States of America.Ph.: +1 202 223 3238 | Fax: +1 202 785 8487E-mail: [email protected]

YANGONHouse No. 54/A, Ground Floor, Boyarnyunt Street,Dagon Township, Yangon, Myanmar.Ph.: +95 1389520 E-mail: [email protected]

London Branch5th Floor, 35 King Street, London EC2V 8BB, United Kingdom. Ph.: +44 20 77969040 | Fax: +44 20 76000936 E-mail: [email protected]

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