law: Export-Import Bank of India Act, 1981
  Chapter IV: Business
  
  of the Exim Bank
  10. Business of Exim
  
  Bank.-
  
  1.  
  
    The
  
  Exim Bank may grant in or outside India loans and advances by itself or in
  
  participation with any bank or financial institution whether in or outside
  
  India for the purposes of export or import and shall also function as the
  
  principal financial institution for co-ordinating the working of institutions
  
  engaged in financing of the export and import in such manner as it may deem
  
  appropriate.
  2.  
  
    The
  
  Exim Bank may also carry on and transact all or any of the following kinds of
  
  business, namely:--
  a.  
  
    granting
  
  loans and advances to a scheduled bank or any other bank or financial
  
  institution notified in the Official Gazette by the Central Government in this
  
  behalf by way of refinance of loans and advances granted by it for purposes of
  
  export or import;
  b.  
  
    underwriting
  
  the issue of stocks, shares, bonds or debentures of any company engaged in
  
  export or import;
  c.  
  
    issuing
  
  bid bonds or guarantees in or outside India by itself or in participation with
  
  any government, bank or financial institution in or outside India;
  d.  
  
    accepting,
  
  collecting, discounting, re-discounting, purchasing, selling or negotiating in
  
  or outside India, bills of exchange or promissory notes arising out of
  
  transactions relating to export or import and granting of loans and advances in
  
  or outside India against such bills or promissory notes;
  e.  
  
    granting,
  
  opening, issuing, confirming or endorsing letters of credit and negotiating or
  
  collecting bills and other documents drawn there under;
  f.  
  
    undertaking
  
  any transaction involving a combination of government to government and
  
  commercial credit for purposes of export or import;
  g.  
  
    granting
  
  lines of credit to the government of any foreign State or any financial
  
  institution or person outside India for purposes of export or import;
  h.  
  
    granting
  
  loans and advances outside India for any Indian joint venture;
  i.  
  
    granting
  
  loans and advances to any person in India in connection with his equity
  
  contribution in any joint venture in any country outside India;
  j.  
  
    financing
  
  export or import of machinery and equipment on lease basis;
  k.  
  
    subscribing
  
  to, or investing in, or purchasing of, stocks, shares, bonds or debentures of
  
  any development bank or Export-Import Bank of any country outside India;
  l.  
  
    buying
  
  or selling of, or entering into such other dealings in, foreign exchange, as
  
  may be necessary for the discharge of its functions;
  m.  
  
    opening
  
  of any account in any bank in or outside India or the making of any agency
  
  arrangement with, or acting as an agent or correspondent of, any bank or other
  
  institution in or outside India;
  n.  
  
    transferring,
  
  for consideration, any instrument relating to loans and advances granted by it;
  
  
  o.  
  
    issuing
  
  participation certificates;
  p.  
  
    subscribing
  
  to, or investing in, or purchasing of stocks, shares, bonds or debentures to
  
  the extent necessary for the enforcement of a lien, pledge or other contractual
  
  right;
  q.  
  
    undertaking
  
  and financing of research, surveys, techno- economic or any other study in
  
  connection with the promotion and development of international trade;
  r.  
  
    providing
  
  technical, administrative and financial assistance of any kind for export or
  
  import;
  s.  
  
    planning,
  
  promoting, developing and financing export- oriented concerns;
  t.  
  
    forming
  
  or conducting subsidiaries for carrying out its functions;
  u.  
  
    acting
  
  as agent of the Central Government, any State Government, the Reserve Bank, the
  
  Development Bank or any other person as the Central Government may authorise;
  v.  
  
    collecting,
  
  compiling and disseminating market and credit information in respect of international
  
  trade;
  w.  
  
    doing
  
  any other kind of business which the Central Government may authorise;
  x.  
  
    generally
  
  doing such other acts and things as may be incidental to, or consequential
  
  upon, the exercise of its powers or the discharge of its duties under this Act
  
  or any other law for the time being in force, including sale or transfer of any
  
  of its assets.
  1.  
  
  
  2.  
  
  
  3.  
  
    The
  
  Exim Bank may receive in consideration of any of the services mentioned in
  
  sub-sections (1) and (2) such commission, brokerage, interest, remuneration or
  
  fees as may be agreed upon.
  4.  
  
    The
  
  Exim Bank shall not grant any loan or advance or other financial accommodation
  
  on the security of its own bonds or debentures.