1ANNUAL REPORT 2018-19
{df¶ dñVw CONTENTS
{ZXoeH$ ԤS>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
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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$ ԤS>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.
3ANNUAL REPORT 2018-19
(`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
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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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5ANNUAL REPORT 2018-19
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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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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7ANNUAL REPORT 2018-19
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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88 dm{f©H$ [anmoQ>© 2018-19
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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9ANNUAL REPORT 2018-19
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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1010 dm{f©H$ [anmoQ>© 2018-19
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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11ANNUAL REPORT 2018-19
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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1212 dm{f©H$ [anmoQ>© 2018-19
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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13ANNUAL REPORT 2018-19
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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15ANNUAL REPORT 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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17ANNUAL REPORT 2018-19
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$s VwbZm ‘| (-) 2.1 {~{b`Z `yEg S>m°ba ahm&
19ANNUAL REPORT 2018-19
Foreign Trade and Balance of Payments
India’s merchandise exports and imports registered
growth of 8.6 per cent and 10.2 per cent respectively
during FY 2018-19 over the previous year. Exports
have been growing for three consecutive years
now. Overall, India’s trade deficit widened to
US$ 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
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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$, avg.)
61.1 65.5 67.1 64.5 67.1
{d{Z‘` Xa (`/`yamo, Am¡gV) Exchange Rate (`/€, avg.)
77.5 72.3 73.6 75.4 79.9
òmoV… Ama~rAmB©Source: RBI
23ANNUAL REPORT 2018-19
g§Ho$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.
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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
25ANNUAL REPORT 2018-19
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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.
27ANNUAL REPORT 2018-19
` 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
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Export of buses and trucks to the Bangladesh Road Transport Corporation Under Exim Bank's Line of Credit to the Government of Bangladesh.
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` 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
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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.
29ANNUAL REPORT 2018-19
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
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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
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Exim Bank extended guarantees for a photovoltaic solar energy generation facility in Argentina.
31ANNUAL REPORT 2018-19
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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
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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$s&
Exim Bank extended non-fund based support for supply and construction of 500 kV Thai / Laos border-Ubon Ratchathani transmission lines, covering a distance of approximately 96 km.
33ANNUAL REPORT 2018-19
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~¢H$ 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;
35ANNUAL REPORT 2018-19
• ‘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${~Z go b¡g h¢&
Six diesel multiple units with air conditioned passenger compartments featuring state-of-the-art interiors and modern driver-cum-guard cabin were exported by RITES Ltd. to Sri Lanka Railways under Exim Bank’s Line of Credit.
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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.
37ANNUAL REPORT 2018-19
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
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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
39ANNUAL REPORT 2018-19
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$`m&
A fully integrated aluminium-rolled products manufacturing plant of Novelis Inc. Canada at Oswego, New York, USA. Exim Bank part-financed the acquisition of Novelis Inc. as well as funded the company's debt requirements.
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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$`m J`m Wm&
Open-end spinning and rope dyeing machines at the greenfield denim manufacturing facility in Ethiopia, set up by Kanoria Africa Textiles Plc., part-financed by Overseas Investment Finance from Exim Bank.
41ANNUAL REPORT 2018-19
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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
43ANNUAL REPORT 2018-19
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.
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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.
45ANNUAL REPORT 2018-19
~¢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
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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$aVm h¡&
47ANNUAL REPORT 2018-19
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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$`m J`m&
Exim Bank’s publication on “Indian Tourism Industry: Exploring Opportunities for Enhancing Growth” was released during a seminar conducted by the Bank at Kochi, Kerala.
49ANNUAL REPORT 2018-19
11. X{jU-X{jU gh`moJ H$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$`m&
11. Deepening South-South Collaboration: An Analysis of Africa and India’s Trade and Investment
12. Exchange Rate Dynamics and its Impact on India's Exports to USA and EU: An Assessment
13. Essays on International Trade, Welfare and Inequality
14. Essays in Indian Trade Policy
15. A Study on Non-Tariff Measures on Indian Exports
16. Analytical Enquiry into Inertia in India’s Exports and Growth Prospects
17. Export Strategy for Madhya Pradesh
18. Export Strategy for Punjab: Trends, Opportunities, and Policy Insight
19. Promoting Exports from Bihar: Insights and Policy Perspectives
Information and Advisory Services
The Bank provides a wide range of information, advisory and support services, which complements its financing programmes while also underlining its role as a policy Bank. These services are provided to the Bank’s stakeholders including state governments, Indian public and private sector and overseas entities. The scope of services include policy inputs and papers for the state governments, market-related information, sector and feasibility studies, technology supplier identification, partner search, capacity building exercises, investment
facilitation and development of joint ventures, both
in India and abroad.
Given the Bank’s vast experience of over three
decades in financing India’s international trade and
investment and its distinguished track record in
undertaking consultancy assignments on the global
platform, the Kingdom of Saudi Arabia (KSA) has
given the Bank a mandate to tailor the financing
programmes for the newly set up Saudi EXIM Bank.
During the year, the Bank concluded an assignment
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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.
51ANNUAL REPORT 2018-19
gå‘obZ g‘gm‘{`H$ {df`m| na {H$E OmVo h¢& BZ‘| {hñgm boZo dmbo d³Vm ì`mnma g§dY©Z EO|{g`m|, {d{^ÝZ dm{UÁ` ‘§S>bmo§, H|$Ð Am¡a amÁ` gaH$mam|, H$ñQ>åg, dm{UpÁ`H$ ~¢H$m| Am¡a AÝ` {dÎmr` g§ñWmAm| go hmoVo h¢&
Bg {dÎmr` df© Ho$ Xm¡amZ, B©grEb Ûmam {Z`m©VH$m| Ho$ {bE 36 go{‘Zmam| H$m Am`moOZ {H$`m J`m& `o g{‘Zma ‘w»`V… {Z`m©V j‘Vm g¥OZ, CÚmoJ, Xoe Am¡a {d{^ÝZ joÌm| go {Z`m©Vm| VWm ^maVr` amÁ`m| H$s {Z`m©V g§^mì`Vm O¡go {df`m| na H|${ÐV aho&
B©grEb Zo df© Ho$ Xm¡amZ ^maV go n[a`moOZm {Z`m©Vm| H$mo ~‹T>mdm XoZo Ho$ {bE H$B© H$m`©H«$‘m| H$m Am`moOZ {H$`m& ~¢H$ Zo F$U-ì`dñWmAm| Ho$ A§VJ©V AmJm‘r n[a`moOZmAm| ‘| Adgam| H$s OmZH$mar XoZo Ho$ {bE {dXoe ‘§Ìmb`, ^maV gaH$ma Ho$ gmW {‘bH$a ^maVr` {Z`m©VH$m| Ho$ {bE H$mobH$mVm, h¡Xam~mX Am¡a MoÝZ¡ ‘| MMm©naH$ gÌm| H$m Am`moOZ {H$`m& ^maV gaH$ma H$s F$U-ì`dñWmAm| Ho$ A§VJ©V {deof ê$n go gm¡a D$Om© n[a`moOZmAm| H$mo H$da H$aVo hþE ZB© {Xëbr Am¡a MoÝZ¡ ‘| {dXoe ‘§Ìmb¶ VWm A§Vaamï´>r¶ gm¡a JR>~§YZ H$ gmW {‘bH$a {~OZog AmCQ>arM H$m`©H«$‘m| H$m Am`moOZ {H$`m J`m& dht, nwUo ‘| n[a`moOZm {Z`m©Vm| na ñQ>oH$hmoëS>g© go{‘Zma H$m Am`moOZ {H$`m J`m&
B©grEb Zo b¡{Q>Z A‘o[aH$m Am¡a H¡$[a{~`mB© joÌ ‘| ì`mnma Am¡a {Zdoe Adgam| na ‘w§~B© ‘| EH$ go{‘Zma H$m Am`moOZ {H$`m& go{‘Zma ‘| Bg joÌ ‘| ì`dgm` H$aZo H$s BÀNw>H$ ^maVr` H§$n{Z`m| Ho$ à{V{Z{Y`m| g{hV b¡H$ joÌ Ho$ Xoem|
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
Ho$ {d{^ÝZ ì`mnma {ZH$m`m| Am¡a dm{UÁ` ‘§S>bm| Ho$ gmW
{‘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$a "{Z`m©V
j‘VmE§ Am¡a CÚ{‘Vm' {df` na B©grEb Zo Omb§Ya,
titled 'Business Opportunities in Externally Aided Projects' in New Delhi, which was attended by Indian project exporters from various sectors.
Eximius Centre for Learning
The Eximius Centre for Learning (ECL) is responsible for conducting training programmes, seminars and workshops for Indian exporters and importers to enhance their awareness about India’s international trade and investment. Seminars and conferences are organised on topics of contemporary interest with speakers from trade promotion agencies, chambers of commerce, central and state governments, customs, commercial banks and other financial institutions.
During the financial year, ECL conducted 36 seminars for exporters, with themes broadly classified into export capability creation, industry, country and region focus, and export potential of Indian states.
ECL organised a number of programmes during the year to promote project exports from India. The Bank partnered with the Ministry of External Affairs (MEA), Government of India (GOI) to organise interactive sessions for Indian exporters in Kolkata, Hyderabad and Chennai, on upcoming project opportunities under the Lines of Credit. Business outreach programmes were held in New Delhi and Chennai, in association with Ministry of External Affairs and International Solar Alliance, specifically covering solar energy projects under the GOI’s Lines of Credit. A stakeholders’ seminar on project exports was organised in Pune.
ECL organised a seminar on trade and investment
EpŠµO‘ ~¢H$ Zo Am{W©H$ gh`moJ ~‹T>mZo H$s g§^mdZmAm| na MMm© Ho$ {bE 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¡$[a{~`mB© joÌ, `yamon Am¡a Amo{eAm{Z`m joÌ Ho$ Xoem| Ho$ amOXyVm| Ho$ gmW MMm©naH$ gÌm| H$m Am`moOZ {H$`m&
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.
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
5252 dm{f©H$ [anmoQ>© 2018-19
O`nwa, ’$arXm~mX, H$mo[ÀM Am¡a bw{Y`mZm ‘| nm§M go{‘Zmam|
H$m Am`moOZ {H$`m& ~¢H$ Zo B§S>mo-½bmo~b EgE‘B© M¢~a VWm
CÎma àXoe dm{UÁ` Am¡a CÚmoJ ‘§S>b Ho$ gmW {‘bH$a
H«$‘e… B§Xm¡a Am¡a J«oQ>a ZmoES>m ‘| amÁ` H|${ÐV go{‘Zmam| H$m
Am`moOZ {H$`m& {díd ì`mnma H|$Ð, ‘w§~B© Ho$ gmW {‘bH$a
Zm{gH$, Ah‘XZJa, H$moëhmnwa, BMbH$a§Or Am¡a ZmJnwa ‘|
l¥§Ibm~Õ nm§M go{‘Zmam| H$m Am`moOZ {H$`m J`m, {OZ‘|
gyú‘, bKw Am¡a ‘Ü`‘ CÚ‘m| Ho$ {bE {Z`m©V Adgam|
H$mo H$da {H$`m J`m& ^maVr` dm{UÁ` Am¡a CÚmoJ ‘§S>b
(EgmoM¡‘) Ho$ gmW {‘bH$a "g‘mdoer {dH$mg ‘| ì`mnma
{dÎm H$s ^y{‘H$m' {df` na H$mobH$mVm, Ah‘Xm~mX Am¡a
ZB© {Xëbr ‘| amï´>r` gå‘obZ H$m Am`moOZ {H$`m J`m&
^maVr` CÚmoJ n[ag§K (grAmB©AmB©) Ho$ gmW {‘bH$a
B©grEb Zo H$mo`§~Qy>a ‘| "EŠgnmoQ>© Šbr{ZH$', nmZrnV
‘| "E‘EgE‘B© gå‘obZ' Am¡a ‘w§~B© ‘| "d¡{ídH$ ì`mnma
n[aÑí`' na EH$ gå‘obZ H$m Am`moOZ {H$`m& ~¢H$ Zo
B§{S>`Z M¢~a Am°’$ H$m°‘g© Ho$ gmW {‘bH$a H$mobH$mVm Am¡a
{ebm°ÝJ ‘| H«$‘e… g§emo{YV EpŠµO‘ Zr{V Am¡a nm§Md| EŠQ>
B©ñQ> {~OZog emo H$m Am`moOZ {H$`m& EpŠµO‘ ~¢H$ Am¡a
EgE‘B© M¢~a Am°’$ B§{S>`m Zo {‘bH$a nwUo Am¡a ‘w§~B© ‘|
EgE‘B© {d{Z‘m©VmAm| Am¡a {Z`m©VH$m| Ho$ {bE Xmo gå‘obZm|
H$m Am`moOZ {H$`m& B©grEb Zo AmB©E‘gr M¢~a Am°’$ H$m°‘g©
E§S> B§S>ñQ´>r Ho$ gmW {‘bH$a "{Z`m©V H¡$go ~‹T>mE§' {df` na
gyaV ‘| EH$ gÌ H$m Am`moOZ {H$`m&
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.
EpŠµO‘ ~¢H$ Zo {díd ~¢H$ Am¡a E{e`mB© {dH$mg ~¢H$ Ho$ gmW {‘bH$a ZB© {Xëbr, H$mobH$mVm Am¡a ~|Jbyé ‘| "{dXoer ghm`Vm àmá n[a`moOZmAm| ‘| ì`dgm` Adga' {df` na MMm©naH$ H$m`©embmAm| H$m Am`moOZ {H$`m&
Exim Bank partnered with the World Bank and the Asian Development Bank to organise interactive workshops on ‘Business Opportunities in Externally Aided Projects’ at New Delhi, Kolkata and Bengaluru.
BboŠQ´>m°{ZŠg {b{‘Q>oS> H$mo 2018 Ho$ {bE ì`dgm` CËH¥$ï>Vm Ho$ {bE grAmB©AmB©-EpŠµO‘ ~¢H$ nwañH$ma àXmZ {H$`m J`m&
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
g§ñWmJV g§~ÕVmE§
Xoe Ho$ ì`mnma Ed§ {Zdoe hoVw AZwHy$b n[adoe V¡`ma H$aZo
Ho$ {bE ~¢H$ Zo ~hþnjr` EO|{g`m|, {Z`m©V F$U EO|{g`m|,
53ANNUAL REPORT 2018-19
~¢H$m| VWm {dÎmr` g§ñWmAm|, ì`mnma g§dY©Z {ZH$m`m| VWm
{Zdoe g§dY©Z ~moS>m] Ho$ gmW AnZo g§ñWmJV g§~§Ym| H$m EH$
ZoQ>dH©$ {dH${gV {H$`m h¡&
{~«Šg A§Va~¢H$ gh`moJ V§Ì
{~«Šg A§Va~¢H$ gh`moJ V§Ì Ho$ A§VJ©V EpŠµO‘ ~¢H$
^maV go Zm{‘V gXñ` {dH$mg ~¢H$ h¡& ~¢H$ Zo {S>{OQ>b
AW©ì`dñWm Ho$ {dH$mg Ho$ g§X^© ‘| {S>pñQ´ã`yQ>oS> boOa Am¡a
ãbm°H$ MoZ Q>oŠZmobm°Or na gh`moJmË‘H$ AZwg§YmZ Ho$ {bE
{~«Šg Xoem| Ho$ {dH$mg ~¢H$m| Ho$ gmW EH$ ~hþnjr` gh`moJ
H$ama na hñVmja {H$E h¢& ~¢H$ Zo X{jU A’«$sH$m Ho$
Ho$nQ>mCZ Am¡a Omohm§g~J© ‘| 25-26 OwbmB©, 2018 Ho$ Xm¡amZ
{~«Šg A§Va~¢H$ gh`moJ V§Ì H$s dm{f©H$ ~¡R>H$ Am¡a {dÎmr`
’$moa‘ VWm g§~§{YV ~¡R>H$m| ‘| {hñgm {b`m&
E{e`mB© EpŠµO‘ ~¢H$ ’$moa‘
E{e`mB© EpŠµO‘ ~¢H$ ’$moa‘ (EB©~rE’$) H$s 24dt dm{f©H$
~¡R>H$ Zd§~a 2018 ‘| ’w$Ho$V, WmB©b¢S> ‘| hþB©& ~¡R>H$ H$s
‘oO~mZr EŠgnmoQ>©-B§nmoQ>© ~¢H$ Am°’$ WmB©b¢S> (WmB© EpŠµO‘)
Ûmam H$s JB©& ~¡R>H$ H$s Wr‘ "CÚmoJ 4.0 - E{e`mB© {Z`m©V
F$U EO|{g`m| H$s ^y{‘H$m Am¡a MwZm¡{V`m§' Wr& ~¡R>H$ H$s
AÜ`jVm WmB© EpŠµO‘ Zo H$s, {Og‘| Am°ñQ´>o{b¶m, MrZ,
^maV, B§S>moZo{e`m, OmnmZ, H$mo[a`m, ‘bo{e`m, {’$brntg,
WmBb¢S>, VwH$r© VWm {d`VZm‘ H$s gXñ` g§ñWmAm| Ho$
CÀMm{YH$m[a`m| Zo {hñgm {b`m& ~¡R>H$ ‘| E{e`mB© {dH$mg
the SME Chamber of India jointly organised two SME Manufacturers and Exporters Summits in Pune and Mumbai. Along with the IMC Chamber of Commerce and Industry, ECL organised a session on ‘How to Enhance Exports’ at Surat.
INSTITUTIONAL LINKAGES
The Bank has fostered a network of alliances and institutional linkages with multilateral agencies, export credit agencies, banks and financial institutions, trade promotion bodies and investment promotion boards to help create an enabling environment for supporting trade and investment.
BRICS Interbank Co-operation Mechanism
Exim Bank is the nominated member development bank from India under the BRICS Interbank Co-operation Mechanism. The Bank entered into a multilateral co-operation agreement on Collaborative Research on Distributed Ledger and Block Chain Technology in the Context of the
Development of the Digital Economy, with the
development banks of the BRICS nations. The Bank participated in the Annual Meeting and the Financial Forum of the BRICS Interbank Co-operation Mechanism and associated meetings held in Cape Town and Johannesburg, South Africa during July 25-26, 2018.
EpŠµO‘ ~¢H$ Zo WmB©b¢S> Ho$ ’w$Ho$V ‘| Am`mo{OV E{e`mB© EpŠµO‘ ~¢H$ ’$moa‘ H$s 24dt dm{f©H$ ~¡R>H$ ‘| {hñgm {b`m&
Exim Bank participated in the 24th Annual Meeting of the Asian Exim Banks Forum held at Phuket, Thailand.
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
5454 dm{f©H$ [anmoQ>© 2018-19
~¢H$ Zo ñWmB© A{V{W Ho$ ê$n ‘| VWm AÜ`j Ûmam Am‘§{ÌV
n`©dojH$ g§ñWmAm| (a{e`Z EŠgnmoQ>© g|Q>a Am¡a EŠgnmoQ>©
S>odbn‘|Q> H$ZmS>m) Zo {hñgm {b`m& dm{f©H$ ~¡R>H$ Ho$ Xm¡amZ
EpŠµO‘ ~¢H$ Ûmam BZ-hmCg {dH${gV H$s JB© EB©~rE’$ H$s
ZB© do~gmBQ> ^r bm°ÝM H$s JB©&
E{e`mB© EpŠµO‘ ~¢H$ ’$moa‘ H$m JR>Z gXñ` g§ñWmAm| Ho$
~rM Am{W©H$ gh`moJ ~‹T>mZo Am¡a ‘O~yV g§ñWmJV g§~§Y
ñWm{nV H$aZo Ho$ CÔoí` go ^maVr` EpŠµO‘ ~¢H$ H$s nhb
na 1996 ‘| {H$`m J`m Wm& `h ’$moa‘ à{ejU H$m`©H«$‘m|
Ho$ ‘mÜ`‘ go OZH$m[a`m| Ho$ AmXmZ-àXmZ Am¡a ñQ>m’$
EŠgM|O H$m`©H«$‘m| Ho$ {bE gwÑ‹T> ‘§M ^r àXmZ H$aVm h¡,
{OZgo gXñ` g§ñWmAm| Ho$ ñQ>m’$ gXñ`m| H$mo n[a`moOZm
{dÎmnmofU, ny±Or ~mOma, nmoV {dÎmnmofU, EgE‘B© {dÎmnmofU,
H$‘mo{S>Q>r {dÎmnmofU, Xoe OmopI‘ Am¡a {dXoem| ‘| {Zdoe
O¡go {d{dY joÌm| ‘| gd©loð> H$m`©àUm{b`m§ grIZo ‘| ‘XX
{‘br h¡&
EpŠµO‘ ~¢H$m| VWm {dH$mg {dÎm g§ñWmAm| H$m d¡[ídH$ ZoQ>dH©$
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$m|
Asian Exim Banks Forum
The 24th annual meeting of the Asian Exim Banks
Forum (AEBF) was hosted by the Export-Import
Bank of Thailand (Thai Exim) at Phuket, Thailand
in November, 2018. The theme of the meeting was
“Industry 4.0 - Roles and Challenges for Asian
Export Credit Agencies.” The meeting was chaired
by Thai Exim and had representatives at the highest
level from member institutions, viz., Australia, China,
India, Indonesia, Japan, Korea, Malaysia, Philippines,
Thailand, Turkey and Vietnam. The meeting saw the
participation of ADB, as a permanent invitee, as well
as observer institutions (Russian Export Center and
Export Development Canada) who were invited by
the Chair. A new website for AEBF, developed in-
house by Exim Bank of India was launched during
the Annual Meeting.
In 1996, Exim Bank took the initiative of forming
the AEBF with the objective of enhancing economic
co-operation and forging stronger linkages
among its member institutions. The Forum
also provides a good platform for knowledge
sharing by way of training programmes and staff
exchange programmes that have helped the
EpŠµO‘ ~¢H$ H$m 34dm§ ñWmnZm {Xdg dm{f©H$ ì`m»`mZ ‘¡gmÀ`wgoQ²g B§ñQ>rQ>çyQ> Am°’$ Q>oŠZmobm°Or ‘| AW©emó Ho$ ’$moS>© ’$mC§S>oeZ àmo’o$ga A{^OrV ~ZOu Ûmam àñVwV {H$`m J`m&
The 34th Commencement Day Lecture was delivered by Prof. Abhijit Banerjee, Ford Foundation International Professor of Economics, Massachusetts Institute of Technology.
55ANNUAL REPORT 2018-19
VWm {dH$mg {dÎm g§ñWmAm| Ho$ g{H«$` gh`moJ go "X{jU-
X{jU' ì`mnma VWm {Zdoe H$mo ~‹T>mZo Ho$ à`mg {H$E h¢&
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^maVr` H§$n{Z`m| ‘| CËH¥$ï>Vm H$mo ~‹T>mdm XoZo Ho$ {bE
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CËH¥¥$ï> JwUdÎmm à~§YZ àUm{b`m| (Q>rŠ`yE‘) H$mo ~‹T>mdm
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CÚmoJ OJV ‘| BgH$s ‘mÝ`Vm h¡& {H$gr H§$nZr H$mo `h
nwañH$ma à{e{jV ‘yë¶m§H$Z H$Vm©Am| Ho$ n¡Zb Ûmam nmaXeu
Ed§ H$‹S>r narjU à{H«$`m Ho$ OarE ‘yë¶m§H$Z H$aZo Ho$ ~mX
B©E’$Š`yE‘ ‘m°S>b na àXmZ {H$`m OmVm h¡& 2018 ‘| 31
H§$n{Z`m| H$mo AbJ-AbJ ñVam| na nwañH¥$V {H$`m J`m&
^maV BboŠQ´m°{ZŠg {b{‘Q>oS> - ~|Jbyé B©H$mB© (~rB©Eb-
~r`y) Am¡a JmoXaoO E§S> ~m°Eg ‘¡Ý`w’¡$ŠM[a¨J H§$nZr {b{‘Q>oS>
Ho$ Eßbm`§g {S>drOZ H$mo df© 2018 Ho$ {bE grAmB©AmB©-
EpŠµO‘ ~¢H$ ì`dgm` CËH¥$ï>Vm nwañH$ma {‘bm; ~rB©Eb-
~r`y H$mo EH$ amob ‘m°S>b g§ñWm hmoZo Ho$ {bE {ZUm©`H$ ‘§S>b
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
å`m§‘ma ‘| ^maV gaH$ma Ûmam {Z{YH$ H$bmXmZ ‘ëQ>r‘m°S>b Q´>m§gnmoQ>© {gñQ>‘ Ho$ {bE ` 750 {‘{b¶Z H$s {Z`m©V n[a`moOZm ZH$Xr àdmh KmQ>m {dÎm gw{dYm àXmZ H$s JB©& Export Project Cash Flow Deficit Finance was extended for the GOI-funded Kaladan Multimodal Transport System in Myanmar.
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~¢H$ Ûmam A§Vaamï´>r` Am{W©H$ emoY dm{f©H$ nwañH$ma H$s
ñWmnZm 1989 ‘| H$s JB© Wr& BgH$m CÔoí` ^maVr` Am¡a
{dXoer {díd{dÚmb`m| VWm {ejU g§ñWmAm| ‘| ^maVr`
ZmJ[aH$m| Ûmam A§Vaamï´>r` AW©emó, ì`mnma, {dH$mg Am¡a
g§~Õ {dÎmnmofU Ho$ joÌ ‘| emoY H$mo ~‹T>mdm XoZm h¡& Bg
nwañH$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
57ANNUAL REPORT 2018-19
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 `Essays 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 `Essays 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$ga A{^OrV ~ZOu Zo
{X`m& CZHo$ 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
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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
59ANNUAL REPORT 2018-19
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$s&
Exim Bank extended guarantee support for the port and infrastructure development of the Guinea Bauxite Export Project.
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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$`m&
for India’s exports and is essentially developed
as a leading indicator to forecast growth in total
merchandise and non-oil exports of the country,
on a quarterly basis, based on several external and
domestic factors that could impact exports of the
country. Exim Bank’s forecasts are released during
the first week of the months of June, September,
December and March, for the corresponding
quarters. With continuous improvisation to the
model, ELI could be of interest to policy makers,
researchers, and exporters, among others. The
model and the forecast result are reviewed
periodically by a standing technical committee of
domain experts.
Interactive Sessions on Strategic Economic
Cooperation
During FY 2018-19, the Bank and the Ministry of
Commerce and Industry, Government of India,
jointly organised three interactive sessions on
strategic economic cooperation with the countries
of Africa, Latin America and Caribbean, and Europe
and Oceania. The events were aimed at facilitating
interactions with ambassadors of countries in the
aforementioned regions, for discussing the potential
for enhancing bilateral trade and investment, and
realising the untapped trade potential in the regions.
Mr. Suresh Prabhu, Hon’ble Minister of Commerce
and Industry, and Civil Aviation, GOI participated in
the interactions, and encouraged the countries to
explore mutually beneficial areas for cooperation.
61ANNUAL REPORT 2018-19
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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$m°nm}aoQ> A{^emgZ
EpŠµO‘ ~¢H$ 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$m°nm}aoQ> A{^emgZ H$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 àË`oH$ 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
63ANNUAL REPORT 2018-19
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
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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$s loUr ‘| bmZm ì`dhm`© h¡& BgHo$
65ANNUAL REPORT 2018-19
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$mg Am¡a aIaImd g§~§Yr n[a`moOZm&
Development and maintenance of international cargo facilities at Chhatrapati Shivaji Maharaj International Airport, Mumbai, being executed by Mumbai Cargo Service Center Airport Pvt. Ltd. and financed through Exim Bank’s Export Facilitation Programme.
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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$`m J`m EZmo{Z‘g Am°S>©a
67ANNUAL REPORT 2018-19
of Government Securities on T+0/ T+ 1 basis. CCIL
acts as a central counterparty to all CROMS trades
and settlements are guaranteed by CCIL. Secondary
market dealings in Commercial Papers / Certificate
of Deposits and Repo in Corporate Debt Securities
are reported and confirmed through a Clearcorp’s
Financial Market Trade Reporting and Confirmation
Platform, F-TRAC. The Bank has a centralised
SWIFT facility (with connectivity to the London
Branch) which is capable of handling multiple Bank
Identifier Codes.
Information Technology
During the year, IT systems were upgraded in
various areas including core banking system,
business intelligence, digital documentation,
automatic workflows, networks, infrastructure
and security. The Bank strengthened its practices
and procedures in compliance with international
standards for IT Governance.
The Bank continued to invest on infrastructure to
support the growing business needs and upgraded
networks across its offices and data centre.
Seamless integration between the Bank’s core
banking system and payment channels (RTGS /
NEFT and SWIFT) supports better fund management
and real time appropriation of funds. The Bank
became one of the early members of BankChain,
which is a forum of Indian banks formed to explore
the feasibility of implementation of Blockchain
based technology in Indian banking industry.
The Bank has established its new Disaster Recovery
Site with latest technology and minimal human
intervention. Cloud and device based audio-video
conferencing facility enables seamless business
communication among stakeholders.
Human Resources Management
The Bank's staff, comprising management
graduates, chartered accountants, bankers,
‘¡qMJ ßboQ>’$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$s Šbr`aH$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>’$m`a H$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$s A{^emgZ Ho$ 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$ma,
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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.
69ANNUAL REPORT 2018-19
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&
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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$`m& Exim Bank organised clean-up drives and tree plantation drives across India, as part of the Swachhata Pakhwada.
71ANNUAL REPORT 2018-19
increasingly being realised that climate change is
one of the most pressing challenges and therefore
an international collective action will be critical for
driving an effective, efficient and equitable response
to this challenge. The International Solar Alliance
(ISA) at this juncture, comes as an important step,
highlighting the need of the hour. It was launched
at the UN Climate Change Conference in Paris at
the end of 2015 by the President of France and the
Prime Minister of India. The Bank has conducted
a series of information dissemination exercises
through various interactive sessions across major
cities in India on the ISA.
The Bank has been reviewing its internal operations
for ESG-related parameters. The Bank has also
taken up electrical audit and associated measures
for optimising energy consumption. The Bank also
aims to minimise use of paper through digitisation
of workflows including circulation of agenda papers
for meetings, e-greetings, and e-invites for various
occasions and functions. Use of video / tele-
conferencing helps reduce the carbon footprint.
The Bank has also showcased its initiative of "Go
Green" by sapling plantation drives in housing
societies where the Bank provides accommodation
to staff members.
As an alternative to presenting bouquets at events,
donation certificates in the name of the recipient
for a social cause (such as Akshaya Patra) have
been introduced in the Bank. The Akshaya
Patra Foundation, a not-for-profit organisation
headquartered in Bengaluru, strives to fight
issues like hunger and malnutrition in India,
by implementing the mid-day meal scheme in
the government schools and government-aided
schools.
In line with Government of India’s 'Swachh Bharat
Mission', the staff of Bank participated in the
Versova beach clean-up drive in Mumbai with
I‹S>r h¡ Am¡a Bggo {ZnQ>Zo Ho$ {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&
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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$m`©Vm Zr{V
73ANNUAL REPORT 2018-19
b) Risk Management
c) Customer Identification Procedure
d) Monitoring of transactions
The Bank also has access to the Bankers Accuity
Database, an online database service which is
a product of one of the world's leading business
publishers, Reed Business Information, part of the
Reed Elsevier Group. It is a compliance database
for bankers. Accuity's enhanced Global Watch List
is a comprehensive collection of caution lists from
all major sanctioning bodies, law enforcement
agencies and financial regulators worldwide. All
the customers of the Bank are subjected to KYC
standards, which establish the identity of the
natural / legal person and those of the ‘beneficial
owners’. Implementation of KYC policies and
procedures covers identification of term deposit
holders, correspondent banks, recruitment of new
staff members and counter party identification
with regard to treasury transactions. The Bank
obtains data required for ensuring compliance by
its counter party banks with regard to KYC norms
through the Wolfsberg Group AML Questionnaire,
in line with international market practice. The Bank
also maintains information in respect of certain
transactions in accordance with the procedure and
manner as may be specified by the RBI and SEBI, as
the case may be, from time to time, and the records
are maintained for a period of ten years from the
date of the transaction. The Bank has appointed a
Principal Officer responsible for its KYC, AML and
CFT measures. The KYC, AML & CFT Policy is posted
on the Bank’s website.
Progress in Implemention of the Official Language
Policy
During the financial year, the Bank continued
its efforts to strengthen the implementation of
I) OmopI‘ à~§YZ
J) J«mhH$ 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
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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.
75ANNUAL REPORT 2018-19
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$aU h¡ Am¡a Bg
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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 ^oO 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$s JB©
Wr& OrnrgrEb Zo JV df© AnZr àmoŠ`moa‘|Q> godmAm|
Ho$ Xm`ao 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{Z`a 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
77ANNUAL REPORT 2018-19
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.
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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.
79ANNUAL REPORT 2018-19
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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>©
81ANNUAL REPORT 2018-19
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¡&
^maVr¶ {Z¶m©V-Am¶mV ~¢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.
83ANNUAL REPORT 2018-19
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$m
C{MV A{^boI aIm J`m h¡&
For JCR & CO. Chartered Accountants Firm Registration No.105270W
CA RACHITA SALHOTRA PARTNER
Membership No.100919
UDIN: 19100919AAAAAJ6772
Mumbai, 23rd May, 2019
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gXñ`Vm g§. 100919
¶yS>rAmB©EZ: 19100919AAAAAJ6772
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Bg df© (`Wm 31.03.2019 H$mo)
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JV df© (`Wm 31.03.2018 H$mo)
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Xo`VmE§ AZwgy{M¶m§
1. ny±Or I 123,593,663,881 73,593,663,881
2. Ama{jV {Z{Y`m§ II 23,142,671,603 22,407,896,155
3. bm^ Am¡a hm{Z ImVm III 81,700,000 -
4. ZmoQ>, ~m°ÝS> Ed§ {S>~|Ma 779,195,625,139 865,817,469,885
5. Xo` {~b - -
6. O‘m am{e`m§ IV 2,527,597,036 2,860,514,358
7. CYma am{e`m§ V 141,317,894,176 172,972,652,705
8. Mmby Xo`VmE§ Ed§ AmH$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$U Ed§ A{J«‘ VIII 929,171,509,101 1,046,570,568,346
4. ^wZm`o J`o/nwZ… ^wZm`o J`o {d{Z‘` {~b Am¡a dMZ nÌ IX 7,000,000,000 28,750,000,000
5. AMb AmpñV`m§ X 2,277,439,560 1,259,022,689
6. AÝ` AmpñV`m§ XI 72,412,158,800 73,485,774,745
`moJ 1,146,254,482,778 1,235,189,582,470
AmH$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) ^wZm`o J`o/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‘mݶ {Z{Y
~moS>© Ho$ {bE Am¡a CZH$s Amoa go
lr Xo~m{eg ‘{ëbH$ Cn à~§Y {ZXoeH$
lr S>o{dS> añH$sZm à~§Y {ZXoeH$
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
85ANNUAL REPORT 2018-19
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 Debasish Mallick Deputy Managing Director
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
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
8686 dm{f©H$ [anmoQ>© 2018-19
31 ‘mM©, 2019 H$mo g‘má df© Ho$ {bE bm^ Am¡a hm{Z boImgm‘mݶ {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$m à{VboIZ - -
1,874,913,938 (42,298,164,654)
"boIm| na {Q>ßn{U`m§' g¨b¾ h¢&
~moS>© Ho$ {bE Am¡a CZH$s Amoa go
lr Xo~m{eg ‘{ëbH$ Cn à~§Y {ZXoeH$
lr S>o{dS> añH$sZm à~§Y {ZXoeH$
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
87ANNUAL REPORT 2018-19
For and on behalf of the Board
Shri Debasish Mallick Deputy Managing Director
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
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
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
8888 dm{f©H$ [anmoQ>© 2018-19
Bg df© (`Wm 31.03.2019 H$mo)
`
JV df© (`Wm 31.03.2018 H$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$s AZwgy{M`m§ gm‘mݶ {Z{Y
89ANNUAL REPORT 2018-19
This year (As at 31.03.2019)
`
Previous year (As at 31.03.2018)
`
Schedule I: Capital: 1. Authorised 200,000,000,000 100,000,000,000
2. Issued and Paid-up:(Wholly subscribed by the Central Government) 123,593,663,881 73,593,663,881
Schedule II: Reserves: 1. Reserve Fund 7,547,352,539 6,812,577,0912. General Reserve - - 3. Other Reserves:
Investment Fluctuation Reserve - - Sinking Fund (Lines of Credit) 1,955,319,064 1,955,319,064
4. Special Reserve u/s 36(1)(viii) of the Income Tax Act,1961 13,640,000,000 13,640,000,000
23,142,671,603 22,407,896,155
Schedule III: Profit and Loss Account:1. Balance as per annexed accounts 816,475,448 (29,237,302,971) 2. Less: Appropriations:
- Transferred to Reserve Fund 734,775,448 (29,237,302,971)- Transferred to Investment Fluctuation Reserve - - - Transferred to Sinking Fund - - - Transferred to Special Reserve u/s 36(1)(viii) of the Income Tax Act,1961 - -
3. Balance of the net profits (Transferable to the Central Government in terms of Section 23(2) of the Exim Bank Act,1981) - -
81,700,000 -
Schedule IV: Deposits:(a) In India 2,527,597,036 2,860,514,358(b) Outside India - -
2,527,597,036 2,860,514,358
SCHEDULES TO THE BALANCE SHEETGENERAL FUND
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
9090 dm{f©H$ [anmoQ>© 2018-19
Bg df© (`Wm 31.03.2019 H$mo)
`
JV df© (`Wm 31.03.2018 H$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$U
609,677,289
-
42,119,521,997 28,154,996,173
91ANNUAL REPORT 2018-19
This year (As at 31.03.2019)
`
Previous year (As at 31.03.2018)
`
Schedule V: Borrowings:
1. From Reserve Bank of India:a) Against Trustee Securities - - b) Against Bills of Exchange - - c) Out of the National Industrial Credit (Long Term Operations) Fund
- -
2. From Government of India - -
3. From Other Sources:a) In India 27,123,472,225 30,464,595,133b) Outside India 114,194,421,951 142,508,057,572
141,317,894,176 172,972,652,705
Schedule VI: Cash and Bank Balances:
1. Cash in Hand 302,849 267,322
2. Balance with Reserve Bank of India 196,634,111 1,062,376,412
3. Balances with other Banks:a) In India i) In current accounts 3,953,389,463 2,753,482,451 ii) In other deposit accounts - 265,000,000b) Outside India 37,359,518,285 24,073,869,988
4. Money at call and short notice/Lending under CBLO/TREPS
609,677,289
-
42,119,521,997 28,154,996,173
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
9292 dm{f©H$ [anmoQ>© 2018-19
Bg df© (`Wm 31.03.2019 H$mo)
`
JV df© (`Wm 31.03.2018 H$mo)
`
AZwgyMr VII: {Zdoe:(‘yë` ‘| ömg H$m {Zdb, `{X H$moB© h¡)
1. Ho$ÝÐ Am¡a amÁ` gaH$mam| H$s à{V^y{V`m¨ 81,344,461,703 38,985,454,430
2. Bp³dQ>r eo`a Am¡a ñQ>m°H$ 1,967,495,698 3,147,214,811
3. A{Y‘mZ eo`a 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
(I) ^maV Ho$ ~mha - -
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: ^wZm`o J`o/nwZ… ^wZm`o J`o {d{Z‘` {~b Am¡a dMZ-nÌ:
(H$) ^maV ‘| 7,000,000,000 28,750,000,000
(I) ^maV Ho$ ~mha - -
7,000,000,000 28,750,000,000
93ANNUAL REPORT 2018-19
This year (As at 31.03.2019)
`
Previous year (As at 31.03.2018)
`
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
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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Bg df© (`Wm 31.03.2019 H$mo)
`
JV df© (`Wm 31.03.2018 H$mo)
`
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
95ANNUAL REPORT 2018-19
This year (As at 31.03.2019)
`
Previous year (As at 31.03.2018)
`
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
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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Bg df© (`Wm 31.03.2019 H$mo)
`
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`
AZwgyMr XIII: ã`mO Ed§ ~Q²>Q>m…
1. F$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| ‘| ""eyݶ'' (JV df© eyݶ) 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¡&
97ANNUAL REPORT 2018-19
This year (As at 31.03.2019)
`
Previous year (As at 31.03.2018)
`
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.
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31 ‘mM©, 2019 H$mo g‘má df© Ho$ {bE ZH$Xr àdmh {ddaUram{e (` {‘{b`Z ‘|)
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df© g‘m{á boIm nar{jV
31 ‘mM©, 2018
n[aMmbZJV H$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
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99ANNUAL REPORT 2018-19
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
For and on behalf of the Board
Shri Debasish Mallick Deputy Managing Director
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
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iii) AmpñV dJuH$aU Am¡a àmdYmZrH$aU
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am{e`m§ em{‘b h¢& àm߶ 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
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101ANNUAL REPORT 2018-19
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.
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iv) {Zdoe
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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$mar à{V^y{V`m| ‘| {Zdoe
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iii) eo`am| ‘| {Zdoe
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{Zdoem| Ho$ {d{^ÝZ {bIVm| H$m dJuH$aU, loUrH$aU, lo{U`m| Ho$ ~rM n[adV©Z, ‘yë¶ {ZYm©aU Am¡a {Zdoem| H$m
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J¶m h¡&
v) AMb AmpñV`m§ VWm ‘yë`õmg
H$) 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$`m J`m h¡&
103ANNUAL REPORT 2018-19
iv) Investments
The entire investment portfolio is classified under three categories:
a) “Held to Maturity” (the securities acquired with the intention to hold them to maturity),
b) “Held for Trading” (the securities acquired with the intention to trade by taking advantage of the short term price/interest rate movements, etc.) and
c) “Available for Sale” (the balance investments).
The investments are further classified as:
i) Government securities
ii) Other approved securities
iii) Shares
iv) Debentures and Bonds
v) Subsidiaries/Joint Ventures
vi) Others (Commercial Papers, Mutual Fund Units, etc.)
The classification of various instruments of investments, categorisation, shifting among categories, valuation and provisioning of investments are done in accordance with the norms laid down by RBI for All-India Financial Institutions.
v) Fixed Assets and Depreciation
a) Fixed Assets are stated at historical cost less accumulated depreciation.
b) Depreciation is provided for on straight-line method basis at the following rates:
Asset Depreciation RateOwned Buildings 5%Furniture and Fixtures 25%Office Equipments 25%Other Electrical Equipments 25%Computers and Computer Software 25%Motor Vehicles 25%
Mobile Phones and other electronic items subject to rapid technological obsolescence
33.33%
c) In respect of assets acquired during the year, depreciation is provided for the entire year in the year of purchase and in respect of assets sold during the year, no depreciation is provided in the year of sale.
d) When a depreciable asset is disposed off, discarded, demolished or destroyed, the net surplus or deficit is adjusted in the Profit and Loss Account.
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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¡&
105ANNUAL REPORT 2018-19
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.
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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$`m h¡&
107ANNUAL REPORT 2018-19
c) Liability towards leave encashment is provided for on the basis of actuarial valuation at year end.
xi) Accounting for Taxes on Income
a) Provision for current tax is made, based on the tax payable under the relevant statute.
b) Deferred tax on timing difference between taxable income and accounting income is accounted for, using the tax rates and the tax law enacted or substantially enacted as on the Balance Sheet date. Deferred tax assets are recognised only to the extent that there is a virtual certainty of realisation.
xii) Provisions, Contingent Liabilities and Contingent Assets
As per AS 29 – “Provisions, Contingent Liabilities and Contingent Assets” issued by the Institute of Chartered Accountants of India (ICAI), the Bank recognises provisions only when it has a present obligation as a result of a past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when a reliable estimate of the amount of the obligation can be made.
Contingent liabilities are disclosed unless the possibility of an outflow of resources embodying economic benefit is remote.
Contingent assets are neither recognised nor disclosed in the financial statements.
xiii) Deferment of Implementation of Indian Accounting Standards (Ind AS)
In terms of Reserve Bank of India’s (RBI) circular dated August 04, 2016, Indian Accounting Standards (Ind AS) was applicable to all Banks, NBFCs and AIFIs for the accounting periods beginning from April 01, 2018 onwards with comparatives for the period ending March 31, 2018. RBI vide its letter dated May 15, 2019 addressed to Exim Bank has conveyed deferment of implementation of Ind AS by the AIFIs until further notice.
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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$a
Anrb ݶm¶mYrH$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
109ANNUAL REPORT 2018-19
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
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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$moo(i) gm‘mݶ B{¹$Q>r 109.77 58.52
(ii) A{V[a³V {Q>`a 1 ny±Or 5.00 5.00
(iii) Hw$b {Q>`a 1 ny±Or (i+ii) 114.77 63.52
(vi) {Q>`a 2 ny±Or 8.81 10.95
(v) Hw$b ny±Or ({Q>`a 1+ {Q>`a 2) 123.58 74.47
(vi) Hw$b OmopI‘ ^m[aV AmpñV`m§ 648.05 719.79
(vii) gm‘mݶ B{¹$Q>r AZwnmV (Hw$b OmopI‘ ^m[aV AmpñV`m| Ho$ à{VeV Ho$ ê$n ‘| H$m°‘Z B{¹$Q>r )
16.94% 8.13%
(viii) {Q>`a 1 AZwnmV (Hw$b OmopI‘ ^m[aV AmpñV`m| Ho$
à{VeV Ho$ ê$n ‘| {Q>`a 1 ny±Or)
17.71% 8.82%
(ix) OmopI‘ ^m[aV AmpñV`m| H$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 eo`aYm[aVm H$m à{VeV 100% 100%
111ANNUAL REPORT 2018-19
is amortized over the life of the contracts. Any profit or loss arising on cancellation of forward exchange contracts is recognized as income / expense for the year.
ii) The Bank is permitted to be a ‘market maker’ for offering long-dated Foreign Currency-Rupee Swaps to clients / non-clients.
d) Profit / Loss on Exchange fluctuation
Assets and liabilities denominated in foreign currency are translated at the exchange rate notified by the Foreign Exchange Dealers’ Association of India (FEDAI) at year end. Income and expenditure items are translated at the average rates of exchange during the year. The notional profit on such translation of the retained earnings on FC operations during the current year is ` 0.07 billion (previous year notional loss of ` 0.13 billion).
4. Disclosure relating to Micro, Small and Medium Enterprises under the Micro, Small and Medium Enterprises Act, 2006: There have been no reported cases of delayed payments to Micro, Small and Medium Enterprises.
5. Additional Information as required by Reserve Bank of India
5.1 Capital
(a)
(` billion)
ParticularsAs on
March 31, 2019As on
March 31, 2018(i) Common Equity 109.77 58.52
(ii) Additional Tier 1 Capital 5.00 5.00
(iii) Total Tier 1 Capital (i+ii) 114.77 63.52
(iv) Tier 2 Capital 8.81 10.95
(v) Total Capital (Tier 1 + Tier 2) 123.58 74.47
(vi) Total Risk weighted assets (RWAs) 648.05 719.79
(vii) Common Equity Ratio (Common Equity as a percentage of RWAs)
16.94% 8.13%
(viii) Tier 1 Ratio (Tier 1 capital as a percentage of RWAs)
17.71% 8.82%
(ix)Capital to Risk weighted Assets Ratio (CRAR) (Total Capital as a percentage of RWAs)
19.07% 10.35%
(x) Percentage of the shareholding of the Government of India in the Bank
100% 100%
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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$Q>r ny±Or am{e 50.00 5.00
(xii) OwQ>mB© JB© {Q>`a 1 ny±Or, {Og‘| go
H$) ~o{‘`mXr J¡a-g§M`r A{Y‘mZr eo`a
I) ~o{‘`mXr F$U {bIV
eyݶ
eyݶ
eyݶ
eyݶ(xiii) OwQ>mB© JB© {Q>`a 1 ny±Or, {Og‘| go
H$) F$U ny±Or {bIV|
I) ~o{‘`mXr J¡a-g§M`r A{Y‘mZr eo`a
J) à{VXo` J¡a-g§M`r A{Y‘mZr eo`a
K) à{VXo` g§M`r A{Y‘mZr eo`a
eyݶ
eyݶ
eyݶ
eyݶ
eyݶ
eyݶ
eyݶ
eyݶ
I) Wm 31 ‘mM©, 2019 H$mo {Q>`a-II ny±Or Ho$ ê$n ‘| OwQ>mE JE Am¡a ~H$m`m Jm¡U F$U H$s am{e… ` eyݶ (JV df©:
` eyݶ)
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$mo eo`aYm[aVm H$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$o {bE àmdYmZ (17.43) 14.08
(` {~{b`Z)
113ANNUAL REPORT 2018-19
ParticularsAs on
March 31, 2019As on
March 31, 2018(xi) Amount of equity capital infused by the
Government of India
50.00 5.00
(xii) Amount of Tier 1 capital raised; of whicha) Perpetual Non-Cumulative
Preference Shares (PNCPS);b) Perpetual Debt Instruments (PDI)
Nil
Nil
Nil
Nil(xiii) Amount of Tier 1 capital raised; of which
a) Debt Capital Instrumentsb) Perpetual Non-Cumulative
Preference Shares (PNCPS);c) Redeemable Non-Cumulative
Preference Shares (RNCPS)d) Redeemable Cumulative Preference
Shares (RCPS)
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
(b) The amount of subordinated debt raised and outstanding as on March 31, 2019 as Tier-II capital: ` NIL (previous year: ` Nil).
(c) Risk weighted assets
(` billion)
ParticularsAs on
March 31, 2019As on
March 31, 2018(i) ‘On’ balance sheet items 490.99 579.05(ii) ‘Off’ balance sheet items 157.06 140.74
(d) The share holding pattern as on the date of the balance sheet: Capital wholly subscribed by the Government of India.
• The CRAR and other related parameters have been determined as per the extant capitaladequacy norms prescribed by RBI for the Financial Institutions (FIs).
• TherevisedFrameworktobeprescribedbytheRBI, includingtheBasel IIInorms,isstillatdraft stage. The Bank will implement Basel III norms for determining CRAR from the date they become effective. However, the final notification from RBI is awaited.
5.2 Free Reserves and Provisions
(a) Provisions on Standard Assets
(` billion)
Particulars 2018-19 2017-18(i) Provisions towards Standard Assets (17.43) 14.08
(` billion)
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
114114 dm{f©H$ [anmoQ>© 2018-19
I) AñWm¶r àmdYmZ
(` {~{b`Z)
{ddaU 2018-19 2017-18
(H$) AñWm`r àmdYmZ ImVo ‘| àma§{^H$ eof - -
(I) boIm df© ‘| {H$E JE AñWm`r àmdYmZm| H$s am{e - -
(J) boIm df© Ho$ Xm¡amZ AmhaU Ûmam H$‘ hþB© am{e - -
(K) AñWm`r àmdYmZ ImVo ‘| A§{V‘ eof - -
5.3 AmpñV JwUdÎmm Am¡a {d{eï> àmdYmZ
H$) 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
(I) df© Ho$ Xm¡amZ ~‹T>moÎmar 2.61 24.87
(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)
(H$) àma§{^H$ eof 79.48 51.59
(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
115ANNUAL REPORT 2018-19
(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
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
116116 dm{f©H$ [anmoQ>© 2018-19
I) AZO©H$ {Zdoe
(` {~{b`Z)
{ddaU 2018-19 2017-18(i) {Zdb {Zdoem| H$s VwbZm ‘| {Zdb AZO©H$ {Zdoe (%) 0.36% 0.80%(ii) AZO©H$ {Zdoem| ‘| KQ>-~‹T> (gH$b)(H$) àma§{^H$ eof 3.04 1.63
(I) df© Ho$ Xm¡amZ ~‹T>moÎmar 2.62 1.95
(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
(I) df© Ho$ Xm¡amZ ~‹T>moÎmar 0.19 0.4554
(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$E JE àmdYmZ 2.71 1.51
(J) A{V[a³V àmdYmZm| H$m ~Å>m ImVm/à{VboIZ 0.08 0.56
(K) A§{V‘ eof 5.21 2.58
J) AZO©H$ AmpñV`m§ (H$+I)
(` {~{b`Z)
{ddaU 2018-19 2017-18
(i){Zdb AmpñV`m| H$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
(I) df© Ho$ Xm¡amZ ~‹T>moÎmar 36.25 45.19
(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
(I) df© Ho$ Xm¡amZ ~‹T>moÎmar 2.80 25.3254
(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$E JE àmdYmZ 46.44 40.78
(J) A{V[a³V àmdYmZm| H$m ~Å>m ImVm/à{VboIZ 29.39 11.94
(K) A§{V‘ eof 99.11 82.06
117ANNUAL REPORT 2018-19
(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
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
118118 dm{f©H$ [anmoQ>© 2018-19
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119ANNUAL REPORT 2018-19
5.4
Part
icul
ars
of A
ccou
nts
Rest
ruct
ured
(`
bill
ion)
Sr.
No.
Type
of R
estru
ctur
ing
Unde
r CDR
Mec
hani
smUn
der S
ME
Debt
Res
truct
urin
g M
echa
nism
Othe
rsTo
tal
Asse
t Cla
ssifi
catio
nDe
tails
Stan
dard
Sub-
stan
dard
Doub
tful
Loss
Tota
lSt
anda
rdSu
b-st
anda
rdDo
ubtfu
lLo
ssTo
tal
Stan
dard
Sub-
stan
dard
Doub
tful
Loss
Tota
l
1Re
stru
ctur
ed A
ccou
nts
as
on d
ate
of o
peni
ng o
f the
FY
(ope
ning
figu
res)
*
No. o
f bor
row
ers
10-
7-
171
-2
-3
62
11-
1939
Amou
nt o
utst
andi
ng5.
35-
1.61
-6.
960.
01-
0.02
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035.
431.
8911
.41
-18
.73
25.7
2
Prov
isio
n th
ereo
n2.
28-
1.54
-3.
820.
002
-0.
02-
0.02
0.49
0.48
9.54
-10
.51
14.3
5
2Fr
esh
rest
ruct
urin
g /
Addi
tions
dur
ing
the
year
No. o
f bor
row
ers
--
1-
1-
--
--
21
3-
67
Amou
nt o
utst
andi
ng-
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20-
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--
-1.
961.
142.
40-
5.50
6.70
Prov
isio
n th
ereo
n-
-1.
20-
1.20
--
--
-0.
340.
221.
65-
2.21
3.41
3Up
grad
atio
ns to
re
stru
ctur
ed s
tand
ard
cate
gory
dur
ing
the
FY
No. o
f bor
row
ers
--
--
--
--
--
--
2-
22
Amou
nt o
utst
andi
ng-
--
--
--
--
--
-2.
72-
2.72
2.72
Prov
isio
n th
ereo
n-
--
--
--
--
--
-2.
33-
2.33
2.33
4Re
stru
ctur
ed s
tand
ard
adva
nces
whi
ch c
ease
to
attra
ct h
ighe
r pro
visi
onin
g an
d / o
r add
ition
al ri
sk
wei
ght a
t the
end
of t
he
FY a
nd h
ence
nee
d no
t be
sho
wn
as re
stru
ctur
ed
stan
dard
adv
ance
s at
the
begi
nnin
g of
the
next
FY
No. o
f bor
row
ers
--
--
--
--
--
--
--
--
Amou
nt o
utst
andi
ng-
--
--
--
--
--
--
--
-
Prov
isio
n th
ereo
n-
--
--
--
--
--
--
--
-
5Do
wng
rada
tions
/ Re
duct
ions
of r
estru
ctur
ed
acco
unts
dur
ing
the
FY
No. o
f bor
row
ers
5-
--
5-
--
--
42
--
611
Amou
nt o
utst
andi
ng3.
94-
--
3.94
--
--
-4.
841.
89-
-6.
7310
.67
Prov
isio
n th
ereo
n1.
94-
--
1.94
--
--
-0.
430.
48-
-0.
912.
85
6W
rite-
offs
of r
estru
ctur
ed
acco
unts
dur
ing
the
FYNo
. of b
orro
wer
s-
--
--
--
--
--
-2
-2
2
Amou
nt o
utst
andi
ng-
--
--
--
--
--
-3.
22-
3.22
3.22
Prov
isio
n th
ereo
n-
--
--
--
--
--
-3.
22-
3.22
3.22
7Re
stru
ctur
ed A
ccou
nts
as
on d
ate
of c
losi
ng o
f the
FY
(clo
sing
figu
res)
*
No. o
f bor
row
ers
5-
8-
131
-2
-3
41
10-
1531
Amou
nt o
utst
andi
ng1.
41-
2.81
-4.
220.
01-
0.02
-0.
032.
551.
147.
87-
11.5
615
.81
Prov
isio
n th
ereo
n0.
34-
2.74
-3.
080.
002
-0.
02-
0.02
0.40
0.22
5.64
-6.
269.
36
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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$a) 15.16 5.38
(iii) VH$ZrH$s/{ddoH$gå‘V ~Å>o ImVo 11.88 14.34
(iv) ~Å>o ImVo, Cn`w©³V (iii) Ho$ Abmdm 7.06 0.25
(v) {d{Z‘` Xa KQ>-~‹T> - -
CnI§S> `moJ (I) 36.61 23.10
`Wm AmJm‘r df© H$s 31 ‘mM© H$mo gH$b AZO©H$ AmpñV`m§ (A§{V‘ eof) (H$-I)
116.78 119.76
Ama~rAmB© Ho$ ‘mñQ>a n[anÌ g§»`m S>r~rAma g§. ~rnr. ~rgr. 2/21.04.048/2015-16 {XZm§{H$V 1 OwbmB©, 2015 Ho$ AZwb¾H$ ^mJ gr-2 Ho$ AZwgma gH$b AZO©H$ AmpñV`m§
5.6 ~Å>o ImVo Am¡a dgybr(` {~{b`Z)
{ddaU 2018-19 2017-18
~Å>o ImVo S>mbo JE ImVm| H$m `Wm 1 Aà¡b H$mo àma§{^H$ eof VH$ZrH$s/{ddoH$gå‘V ~Å>o ImVo
20.38 6.04
Omo‹S>|… df© Ho$ Xm¡amZ VH$ZrH$s/{ddoH$gå‘V ~Å>o ImVo 11.88 14.34
Omo‹S>|: {d{Z‘` ‘| CVma-M‹T>md 0.75 -
CnI§S> `moJ (H$) 33.01 20.38
KQ>mE§… df© Ho$ Xm¡amZ nwamZo VH$ZrH$s/{ddoH$gå‘V ~Å>o ImVo S>mbo JE ImVm| go H$s JB© dgybr (I)
0.09 0.0007
`Wm 31 ‘mM© H$mo A§{V‘ eof (H$-I) 32.92 20.38
5.7 {dXoer AmpñV`m§, AZO©H$ AmpñV`m§ Am¡a amOñd
(` {~{b`Z)
{ddaU 2018-19 2017-18
Hw$b AmpñV`m§ 86.89 95.26
Hw$b AZO©H$ AmpñV`m§ 1.31 5.62
Hw$b amOñd 5.02 6.99
Cn`w©³V Am§H$‹S>o ~¢H$ H$s b§XZ emIm go g§~§{YV h¢, {OgH$m n[aMmbZ AŠQy>~a 2010 ‘| ewê$ hþAm&
121ANNUAL REPORT 2018-19
5.5 Movement of Non-Performing Assets
(` billion)
Particulars 2018-19 2017-18
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)
Particulars 2018-19 2017-18
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)
Particulars 2018-19 2017-18
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.
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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$s am{e em{‘b h¡&
123ANNUAL REPORT 2018-19
5.8 Depreciation and Provision on Investments
(` billion)
Particulars 2018-19 2017-18(1) Investments
(i) Gross Investments 113.40 73.11a) In India 112.63 72.33b) Outside India 0.77 0.78
(ii) Provision for Depreciation 20.12 16.14a) In India 19.55 15.56b) Outside India 0.57 0.58
(iii) Net Investments 93.28 56.97a) In India 93.08 56.77b) Outside India 0.20 0.20
(2) Movement of provision held towards depreciation on investments
(i) Opening balance 16.14 10.52(ii) Add: Provisions made during the year 4.83 5.62(iii) Appropriation, if any, from Investment
Fluctuation Reserve Account during the year- -
(iv) Less: Write off/write back of excess provisions during the year
0.85 -
(v) Less: Transfer, if any, to Investment Fluctuation Reserve Account
- -
(vi) Closing balance 20.12 16.14
5.9 Provisions and Contingencies
(` billion)
Break up of ‘Provisions and Contingencies’ shown under the head Expenditure in Profit and Loss Account
2018-19 2017-18
Provision for depreciation on Investment 1.49 5.58
Provision towards NPA 14.47 26.84
Provision made towards Income tax 1.06 (13.06)
Other Provisions and Contingencies* 1.19 0.0024 *Includes ` 1.10 billion on account of 50% provisioning for invocation of US$ 31.39 million on account of Bank Guarantees
invoked by Beneficiary and ` 0.091 billion on account of Country Risk Provisioning.
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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$mar à{V^y{V`m§ - - - -
ii) H$m°nm}aoQ> F$U à{V^y{V`m§ - - - -
JV df©…(` {~{b`Z)
{ddaUdf© Ho$ 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$mar à{V^y{V`m§ - - - -
ii) H$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$mar à{V^y{V`m§ - - - -
ii) H$m°nm}aoQ> F$U à{V^y{V`m§ - - - -
125ANNUAL REPORT 2018-19
5.10 Provision Coverage Ratio
Particulars 2018-19 2017-18Provision Coverage Ratio 84.72% 71.26%
6. Investment Portfolio: Constitution and Operations
6.1 Repo Transactions
Current Year:
(` billion)
Particulars
Minimum outstanding during the
year
Maximum outstanding during the
year
Daily Average outstanding during the
year
Outstanding as on March
31, 2019
Securities sold under reposi) Government Securities - - - -ii) Corporate Debt Securities - - - -Securities Purchased under reverse reposi) Government Securities - - - -ii) Corporate Debt Securities - - - -
Previous Year:
(` billion)
Particulars
Minimum outstanding during the
year
Maximum outstanding
during the year
Daily Average
outstanding during the
year
Outstanding as on March
31, 2018
Securities sold under reposi) Government Securities - - - -ii) Corporate Debt Securities - - - -Securities Purchased under reverse reposi) Government Securities - - - -ii) Corporate Debt Securities - - - -
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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$n go AZݶ Zht h¡¨&
127ANNUAL REPORT 2018-19
6.2 Disclosure of Issuer Composition for Investment in Debt Securities
Current Year:
(` billion)
Sr. No.
Issuer Amount
Amount of
Investment made
through private
placement
“Below investment
grade”Securities
held
“Unrated’’ Securities
held
“Unlisted”Securities
held
(1) (2) (3) (4) (5) (6) (7)1 PSUs - - - - -2 FIs 1.76 1.76 - 0.064 1.76**3 Banks 0.002 0.002 - - -4 Private corporates 28.94 28.77 - 4.87 25.52*5 Subsidiaries/
Joint ventures 0.0032 - - 0.0032 0.0032
6 Others 0.02 0.02 - - 0.027 Provision
held towards depreciation#
18.81 - - - -
Total 30.73 30.56 - 4.929 27.30 # Only aggregate amount of provision held to be disclosed in column 3
* Out of which ` 21.23 billion represents investment in security receipts issued by Asset Reconstruction Companies (ARCs) and ` 4.18 billion of investments are in shares/debentures acquired as part of loan restructuring.
** Out of which ` 1.36 billion were by way of US$/INR Swap undertaken with RBI approval.
Amounts reported under columns 4, 5, 6 and 7 above are not mutually exclusive.
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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$n go AZݶ Zht h¡¨&
6.3 EMQ>rE‘ loUr H$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&
129ANNUAL REPORT 2018-19
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$/INR Swap undertaken with RBI approval. Amounts reported under
columns 4, 5, 6 and 7 above are not mutually exclusive.
6.3 Sale and Transfer to / from HTM Category
There has been no sale or transfer.
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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$m`m - -
131ANNUAL REPORT 2018-19
7. Details of Financial Assets Purchased/Sold
7.1 Details of Financial Assets sold to Securitisation (SC)/Reconstruction (RC) Company for Asset Reconstruction
A. Details of Sales
(` billion)
Sr. No.
Particulars 2018-19 2017-18
(i) No. of Accounts 1 -(ii) Aggregate value (net of provisions) of accounts sold to SC/RC 2.14 -(iii) Aggregate consideration 2.77 -(iv) Additional Consideration realised in respect of accounts
transferred in earlier years0.36 -
(v) Aggregate gain/(loss) over net book value 1.00 -
• The“AssetssoldtoReconstructionCompanies”havebeenreckonedasdefinedinRBIMasterCircularDBODNo.FID.FIC.2/01.02.00/2006-07 dated July 01, 2006 and thereafter.
B. Details of Book value of Investments in Security Receipts
(` billion)
Sr. No.
ParticularsBook value of Investments
in Security receipts
2018-19 2017-18(i) Backed by NPAs sold by the Bank as underlying 6.26 10.04(ii) Backed by NPAs sold by banks/other financial institutions/
non-banking financial companies as underlying- -
Total 6.26 10.04
7.2 Details of Non Performing Financial Assets Purchased/Sold
A. Details of Non Performing financial assets purchased
(` billion)
Sr. No.
Particulars 2018-19 2017-18
1) a) No. of accounts purchased during the year - -b) Aggregate outstanding - -
2) a) Of these, number of accounts restructured during the year
- -
b) Aggregate outstanding - -
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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 eo`am|, 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) eo`am| (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 eo`am| / ~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§ eo`am| `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$n ‘| {b`m J`m h¡;
- -
133ANNUAL REPORT 2018-19
B. Details of Non Performing financial assets sold
(` billion)
Sr. No.
Particulars 2018-19 2017-18
1) No. of accounts sold 1 12) Aggregate outstanding 1.38 1.963) Aggregate consideration received 0.44 1.71
8. Operating Results
Sr. No.
Particulars 2018-19 2017-18
(i) Interest income as a percentage to average working funds 7.82 7.24(ii) Non-interest income as a percentage to average working
funds0.33 0.47
(iii) Operating profit as a percentage to average working funds 1.85 1.70(iv) Return on average assets 0.07 (2.42)(v) Net Profit/(Loss) per (permanent) employee (in ` billion) 0.002 (0.086)
• Foroperatingresults,theworkingfundsandtotalassetshavebeentakenastheaverageofthefiguresasattheendof the previous accounting year and the end of the accounting year under report (The “working funds” refer to the total assets).
• Allpermanent,full-timeemployeesinallcadreshavebeenreckonedforcomputingperemployeenetprofit.
9. Credit Concentration Risk
9.1 Capital Market Exposure
Sr. No.
Particulars 2018-19 2017-18
(i) Direct investment in equity shares, convertible bonds, convertible debentures and units of equity oriented mutual funds the corpus of which is not exclusively invested in corporate debt;
- -
(ii) Advances against shares/bonds/debentures or other securities or on clean basis to individuals for investment in shares (including IPOs/ESOPs), convertible bonds, convertible debentures and units of equity oriented mutual funds;
- -
(iii) Advances for any other purposes where shares or convertible bonds or convertible debentures or units of equity oriented mutual funds are taken as primary security;
- -
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
134134 dm{f©H$ [anmoQ>© 2018-19
H«$. g¨.
{ddaU 2018-19 2017-18
(iv) AÝ` CÔoí`m| Ho$ {bE A{J«‘ Ohm§ eo`am| 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§ eo`am|/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$aVr;
- -
(v) eo`a Xbmbm| H$mo O‘mZVr Am¡a J¡a-O‘mZVr A{J«‘ VWm eo`a 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 eo`am|/~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$U; - -
(viii) eo`am| `m n[adV©Zr` ~m°ÝS>m|/{S>~|Mam| `m B{¹$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) eo`a 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 -
135ANNUAL REPORT 2018-19
Sr. No.
Particulars 2018-19 2017-18
(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 -
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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
137ANNUAL REPORT 2018-19
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
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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
ny±OrJV {Z{Y`m| Ho$ % Ho$ ê$n ‘|
EŠgnmoOa
4. AAACB4146P^maV hodr
BbopŠQ´H$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)
139ANNUAL REPORT 2018-19
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)
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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«$‘e… 19.56% Am¡a 16.91% ahm&
141ANNUAL REPORT 2018-19
B. Credit exposure as percentage to capital funds and as percentage to total assets
(` billion)
ParticularsPercentage to Capital Funds*
Percentage to Total Credit
Exposure (TCE)@
Percentage to Total Assets
i) Largest single borrower 31.57 1.40 2.05
ii) Largest borrower group 48.17 2.14 3.13
iii) 20 largest single borrowers 319.52 14.19 20.76
iv) 20 largest borrower groups 389.81 17.31 25.33
*Capital Funds as on March 31, 2018 @ TCE: Loans + Advances + Unutilised Sanctions + Guarantees + LCs + Credit exposure on account of derivatives.
1) Credit exposure to banks and overseas institutions guaranteed by GOI/assumed at the behest of GOI, not considered for single/group borrower exposure.
2) There were 9 single borrowers and 2 borrower groups as on March 31, 2019 for whom credit exposure was above the base ceilings of 15% and 40% of capital funds respectively and the same was assumed with the approval of the Board.
Previous Year:
(` billion)
ParticularsPercentage to Capital Funds*
Percentage to Total Credit
Exposure (TCE)@
Percentage to Total Assets
i) Largest single borrower 19.56 1.20 1.79ii) Largest borrower group 33.40 2.06 3.06iii) 20 largest single borrowers 222.36 13.68 20.40iv) 20 largest borrower groups 282.30 17.37 25.90
* Capital Funds as on March 31, 2017
@TCE: Loans + Advances + Unutilised Sanctions + Guarantees + LCs + Credit exposure on account of derivatives.
1) Credit exposure to banks and overseas institutions guaranteed by GOI/assumed at the behest of GOI, not considered for single/group borrower exposure.
2) There were 2 borrowers as on March 31, 2018 for whom exposure over 15% of capital funds was assumed with the approval of the Board. Exposure to these borrowers as on March 31, 2018 stood at 19.56% and 16.91% of the capital funds of the Bank, respectively.
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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
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
143ANNUAL REPORT 2018-19
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
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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
ny±OrJV {Z{Y`m| Ho$ % Ho$ ê$n ‘|
EŠgnmoOa
2. AADCV1810BdrAmodrEb {b{‘Q>oS>*
11101H«y$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)
145ANNUAL REPORT 2018-19
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)
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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$aU 21.60 6.05 28% 44.41 21.04 47%
Vob Am¡a J¡g 4.66 0.68 15% - - -
Q>oŠgQ>mBb Am¡a Jma‘|Q> 34.18 4.25 12% 41.80 6.61 16%
Aݶ 168.00 30.08 18% 208.25 33.77 16%
147ANNUAL REPORT 2018-19
10. Concentration of borrowings/lines of credit, credit exposures and NPAs
(a) Concentration of borrowings and lines of credit
(` billion)
Particulars 2018-19 2017-18Total borrowings from twenty largest lenders 134.96 132.30
Percentage of borrowings from twenty largest lenders to total borrowings of the Bank
14.62% 12.70%
(b) Concentration of Credit exposures
(` billion)
Particulars 2018-19 2017-18Total exposures to twenty largest borrowers 237.95 251.94
Percentage of exposures to twenty largest borrowers to Total Advances of the Bank
23.10% 21.82%
Total exposure to twenty largest borrowers/customers 237.95 251.94
Percentage of exposures to twenty largest borrowers/customers to Total exposure of the Bank on borrowers/customers
14.19% 13.68%
In the case of Exim Bank, percentage of total of top ten country exposures to total exposures
32.34% 27.56%
Exposure computed based on credit and investment exposure as prescribed vide RBI Master Circular on Exposure norms for financial institutions: DBR.FID.FIC.No.4/01.02.00/2015-16 dated July 01, 2015 and thereafter.
(c) Sector-wise concentration of exposures and NPAs
(` billion)
Sr. No.
Sector
2018-19 2017-18
Outstanding Total Advances
Gross NPAs
Percentage of Gross NPAs to Total Advances in that sector
Outstanding Total Advances
Gross NPAs
Percentage of Gross NPAs to Total Advances in that sector
A Domestic Sector 313.76 61.85 20% 370.61 84.13 23%
1 Total Export Finance 263.15 49.49 19% 330.56 72.65 22%
Agricultural Sector - - - - - -
Industrial Sector 228.44 41.06 18% 294.46 61.42 21%
Ferrous Metals & Metal Processing
21.60 6.05 28% 44.41 21.04 47%
Oil and Gas 4.66 0.68 15% - - -
Textiles & Garments 34.18 4.25 12% 41.80 6.61 16%
Others 168.00 30.08 18% 208.25 33.77 16%
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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%
Aݶ 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$aU
1.52 1.52 100% 1.54 1.54 100%
Vob Am¡a J¡g 4.87 - - - - -
Aݶ 40.11 10.54 26% 33.66 9.94 29.53%
godm joÌ 4.11 0.30 7% 4.85 - -
B©nrgr godmE§ 0.32 - - 0.34 - -
OhmOamZr godmE§ 2.92 - - 3.47 - -
Aݶ 0.87 0.30 35% 1.04 - -
3 (H$) ‘| 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$aU
27.42 2.66 10% 24.35 2.39 10%
Vob Am¡a J¡g 32.06 27.32 85% - - -
Q>oŠgQ>mBb Am¡a Jma‘|Q> 7.61 3.55 47% 3.20 - -
Aݶ 69.33 18.75 27% 87.10 22.29 26%
godm joÌ 28.56 2.65 9% 31.42 10.95 35%
{d‘mZZ godmE§ 4.50 - - - - -
B©nrgr godmE§ 4.56 0.16 4% 10.94 4.50 41%
{dÎm godmE§ 11.96 - - - - -
OhmOamZr godmE§ 0.85 - - 4.31 3.37 78%
Aݶ 6.69 2.49 37% 16.17 3.08 19%
2 Hw$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$m| Ûmam à{V-Jma§{Q>V A{J«‘ em{‘b h¡¨&
149ANNUAL REPORT 2018-19
Services Sector 34.71 8.43 24% 36.10 11.23 31%
Aviation Services 2.36 - - - - -
EPC Services 9.80 7.75 79% 13.61 9.78 72%
Shipping Services 12.45 - - 11.54 0.62 5%
Others 10.10 0.68 7% 10.95 0.83 8%
2 Total Import Finance 50.61 12.36 24% 40.05 11.48 29%
Agricultural Sector - - - - - -
Industrial Sector 46.50 12.06 26% 35.20 11.48 33%
Ferrous Metals & Metal Processing
1.52 1.52 100% 1.54 1.54 100%
Oil and Gas 4.87 - - - - -
Others 40.11 10.54 26% 33.66 9.94 29.53%
Services Sector 4.11 0.30 7% 4.85 - -
EPC Services 0.32 - - 0.34 - -
Shipping Services 2.92 - - 3.47 - -
Others 0.87 0.30 35% 1.04 - -
3 Of (A), exposures guaranteed by the Government of India
- - - - - -
B External Sector 164.98 54.93 33% 146.07 35.63 24%
1 Total Export Finance 164.98 54.93 33% 146.07 35.63 24%
Agricultural Sector - - - - - -
Industrial Sector 136.42 52.28 38% 114.65 24.68 22%
Ferrous Metals & Metal Processing
27.42 2.66 10% 24.35 2.39 10%
Oil and Gas 32.06 27.32 85% - - -
Textiles & Garments 7.61 3.55 47% 3.20 - -
Others 69.33 18.75 27% 87.10 22.29 26%
Services Sector 28.56 2.65 9% 31.42 10.95 35%
Aviation Services 4.50 - - - - -
EPC Services 4.56 0.16 4% 10.94 4.50 41%
Financial Services 11.96 - - - - -
Shipping Services 0.85 - - 4.31 3.37 78%
Others 6.69 2.49 37% 16.17 3.08 19%
2 Total Import Finance - - - - - -
Agricultural Sector - - - - - -
Industrial Sector - - - - - -
Services Sector - - - - - -
3 Of (B), exposures guaranteed by the Government of India
- - - - - -
C Other Exposures# 551.33 - - 638.12 - -
D Total Exposures (A+B+C) 1030.07 116.78 11.34% 1,154.80 119.76 10.37%
# includes advances under Lines of Credit, BC-NEIA, Concessional Finance Scheme, refinance to commercial banks and advances counter-guaranteed by banks.
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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 -
151ANNUAL REPORT 2018-19
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” -
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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$a¨gr S>o[ado{Q>ìg
ã`mO Xa S>o[ado{Q>ìg
H$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
153ANNUAL REPORT 2018-19
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.
Particulars2018-19 2017-18
Currency Derivatives
Interest rate Derivatives
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
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
154154 dm{f©H$ [anmoQ>© 2018-19
H«$. g¨.
{ddaU
2018-19 2017-18
H$a¨gr S>o[ado{Q>ìg
ã`mO Xa S>o[ado{Q>ìg
H$a¨gr S>o[ado{Q>ìg
ã`mO Xa S>o[ado{Q>ìg
I) Q´o qS>J S>o[ado{Q>d na - - - -
5 df© Ho$ 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)
155ANNUAL REPORT 2018-19
Sr. No.
Particulars2018-19 2017-18
Currency Derivatives
Interest rate Derivatives
Currency Derivatives
Interest rate Derivatives
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)
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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$moB© X§S> Zht bJm`m J`m&
157ANNUAL REPORT 2018-19
Previous Year:
(` billion)
Particulars1 to 14
days
15 to 28
days
29 days to 3
months
Over 3 months
& up to 6 months
Over 6 months &
up to 1 year
Over 1 year & up to 3 years
Over 3 years & up to 5 years
Over 5 years
Total
Rupee Advances
36.77 22.54 21.41 47.61 39.62 52.22 25.14 32.89 278.20
Rupee Investments - 0.95 0.07 0.04 2.51 0.11 0.99 52.30 56.97
Rupee Other Assets
25.18 1.61 48.04 23.32 78.64 128.49 102.49 331.79 739.56
Rupee Deposits
0.01 0.004 0.14 21.48 22.00 0.41 0.05 - 44.09
Rupee Borrowings
35.43 5.00 54.75 24.10 57.77 44.23 72.67 143.96 437.91
Rupee Other Liabilities
21.91 22.97 28.73 24.63 78.20 89.99 35.55 193.84 495.82
Foreign Currency Assets
53.35 25.88 37.78 48.05 124.49 254.16 211.44 375.34 1,130.49
Foreign Currency Liabilities
41.09 8.32 45.43 53.50 126.76 284.32 249.88 316.52 1,125.82
14. Draw Down from Reserves
The Bank has not drawn any amount from the Reserves.
15. Business Ratios
Particulars 2018-19 2017-18
Return on Equity 1.04% (39.94)%
Return on Assets 0.07% (2.42)%
Net Profit/(Loss) per employee (` billion) 0.002 (0.086)
16. Disclosure of Penalties Imposed by RBI
There are no penalties imposed by the Reserve Bank of India under the Reserve Bank of India Act, 1934, for contraventions of any of the provisions of the Act or non-compliance with any other requirements of the Act, order, rule or condition specified by Reserve Bank of India.
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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$-I) 2.08 0.20 2.28
159ANNUAL REPORT 2018-19
17. Disclosure of Complaints
Customer Complaints
Sr. No.
Particulars 2018-19 2017-18
(a) No. of complaints pending at the beginning of the year - -(b) No. of complaints received during the year 3 1(c) No. of complaints redressed during the year 3 1(d) No. of complaints pending at the end of the year - -
18. Off-Balance Sheet SPVs Sponsored (which are required to be consolidated as per accounting norms)
Name of the SPV sponsoredDomestic Overseas
- -
Disclosure as per specific Accounting Standards
19. Details of Fixed Assets
Details of Fixed Assets are given below as prescribed in AS-10 Accounting for Fixed Assets issued by the ICAI.
(` billion)
Particulars Premises Others TotalGross BlockCost as on 31st March 2018 2.09 1.04 3.13Additions 1.16 0.15 1.31Disposals 0.14 0.13 0.27Cost as on 31st March 2019 (A) 3.11 1.06 4.17DepreciationAccumulated as on 31st March 2018 1.01 0.86 1.87Provided during the year 0.14 0.12 0.26Eliminated on Disposals 0.12 0.12 0.24Accumulated as on 31st March 2019 (B) 1.03 0.86 1.89Net Block (A-B) 2.08 0.20 2.28
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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
161ANNUAL REPORT 2018-19
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
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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$2018-19 2017-18 2018-19 2017-18
ԤOya F$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$m ^wJVmZ - - 0.30 0.30
163ANNUAL REPORT 2018-19
22. Related Party Disclosures
As per AS–18 Related Party Disclosure issued by the ICAI, the Bank’s related parties are disclosed below:
• Relationship
(i) Joint Ventures:
- Global Procurement Consultants Limited
(ii) Key Managerial Personnel:
- Shri David Rasquinha (Managing Director)
- Shri Debasish Mallick (Deputy Managing Director)
• TheBank'srelatedpartybalancesandtransactionsaresummarisedasfollows:
(` million)
ParticularsJoint Venture
Key Managerial Personnel
2018-19 2017-18 2018-19 2017-18
Loans granted - - - -
Guarantees issued - 1.58 - -
Interest received - - - -
Guarantee commission received - 0.004 - -
Receipts towards services rendered - 0.05 - -
Term Deposit Accepted - - - -
Interest on Term Deposits - 0.31 0.30 0.42
Amounts written-off/written-back - - -
Term Deposit Outstanding - - 2.50 3.24
Loans outstanding at year-end - - - -
Guarantees outstanding at year-end - 1.58 - -
Investments outstanding at year end 3.23 3.23 - -
Dividend Received 0.42 0.42 - -
Maximum Loan outstanding during the year - - - -
Maximum Guarantees outstanding during the year - 4.45 - -
Salary including perquisites - - 7.18 7.32
Rent paid - - 0.30 0.30
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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`)
165ANNUAL REPORT 2018-19
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)
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
166166 dm{f©H$ [anmoQ>© 2018-19
(` {‘{b`Z)
춶 2018-19 2017-18 Am¶ 2018-19 2017-18
Aݶ 춶 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
167ANNUAL REPORT 2018-19
(` 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
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
168168 dm{f©H$ [anmoQ>© 2018-19
I) bm^ Am¡a hm{Z ImVo ‘| {hgm~ ‘| {b`m J`m ì``(` {~{b`Z)
{ddaU n|eZ {Z{Y Jo«À`wQ>r
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 춶 0.024 0.01
{Z`moŠVm Ûmam `moJXmZ (0.01) (0.016)
J) ~r‘m§{H$H$ AZw‘mZm| H$m gmam§e
{ddaU n|eZ {Z{Y Jo«À`wQ>r
~Q²>Q>m Xa (à{V df©) 7.79% 7.79%
AmpñV`m| na Ano{jV à{V’$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$m h¡&
169ANNUAL REPORT 2018-19
B) Expense to be recognised in the Profit and Loss Account
(` billion)
Particulars Pension Fund Gratuity
Current Service Cost 0.024 0.012
Interest Cost (0.003) 0.001
Expected Return on Plan Assets 0.073 0.011
Actuarial Losses/(Gains) 0.004 (0.003)
Past Service Cost – Non-vested Benefit - -
Past Service Cost – vested benefit - -
Transitional liability - -
Expense recognised in Profit and Loss Account 0.024 0.01
Contributions by Employer (0.01) (0.016)
C) Summary of Actuarial Assumptions
Particulars Pension Fund Gratuity
Discount Rate (p.a.) 7.79% 7.79%
Expected Rate of Return on Assets (p.a.) 7.79% 7.79%
Salary Escalation Rate (p.a.) 7.00% 7.00%
In In addition to the above, for the year 2018-19, the amount of Defined Benefit Obligation of Leave Encashment works out to ` 0.0038 billion, which has been fully provided for.
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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$`m J`m h¡&
~moS>© Ho$ {bE Am¡a CZH$s Amoa go
lr Xo~m{eg ‘{ëbH$ Cn à~§Y {ZXoeH$
lr S>o{dS> añH$sZm à~§Y {ZXoeH$
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’$grE a[MVm gmëhmoÌm)nmQ>©ZaE‘. g§. 100919
ZB© {Xëbr, 23 ‘B©, 2019
171ANNUAL REPORT 2018-19
For and on behalf of the Board
Shri Debasish Mallick Deputy Managing Director
Shri David RasquinhaManaging Director
Shri Dinabandhu Mohapatra Smt. Geetha Muralidhar Shri Rajnish Kumar
Dr. M. D. Patra Shri Bidyut Behari Swain
As per our attached report of even date For JCR & Co. Chartered Accountants Firm Regn. No. 105270W
(FCA Rachita Salhotra) PartnerM. No. 100919
New Delhi, May 23, 2019
27. In terms of SEBI circular dated October 29, 2013, the contact details of the Debenture Trustee for various Bonds issued by Export-Import Bank of India are as given below:
DEBENTURE TRUSTEE
AXIS Trustee Services Ltd. Designated Person: Mr. Abbas Zaidi, Chief Operating Officer Address: The Ruby, 2nd Floor, SW Senpati Bapat Marg, Dadar West, Mumbai - 400 028
Tel.: (022) 62300441/44 E-mail: [email protected] Website: www.axistrustee.com
28. Previous year’s figures have been regrouped, wherever necessary.
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
172172 dm{f©H$ [anmoQ>© 2018-19
173ANNUAL REPORT 2018-19173 dm{f©H$ [anmoQ>© 2018-19
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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$s [anmoQ>©
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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|
175ANNUAL REPORT 2018-19175 dm{f©H$ [anmoQ>© 2018-19
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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¡&
^maVr¶ {Z¶m©V-Am¶mV ~¢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>©
177ANNUAL REPORT 2018-19177
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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
’$‘© a{OñQ´>oeZ g§»`m 105270W
grE a{MVm gmëhmoÌm nmQ>©Za
gXñ`Vm g§. 100919
¶yS>rAmB©EZ: 19100919AAAAAJ6772
‘w§~B©, 23 ‘B©, 2019
179ANNUAL REPORT 2018-19179
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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$mg {Z{Y
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This year (As at 31.03.2019)
`
Previous year (As at 31.03.2018)
`
LIABILITIES
1. Loans:a) From Government - - b) From Other Sources 6,550,225,350 6,932,011,546
2. Grants:a) From Government 128,307,787 128,307,787b) From Other Sources - -
3. Gifts, Donations, Benefactions:a) From Government - - b) From Other Sources - -
4. Other Liabilities 465,062,828 951,143,165
5. Profit and Loss Account 631,065,338 585,967,085
Total 7,774,661,303 8,597,429,583
ASSETS
1. Bank Balances: a) In current accounts 116,550 116,549b) In other deposit accounts - -
2. Investments - -
3. Loans and Advances:a) In India - - b) Outside India 7,162,578,926 8,116,580,978
4. Bills of Exchange and Promissory Notes Discounted, Rediscounted:a) In India - - b) Outside India - -
5. Other Assets:a) Accrued interest on: i) Loans and Advances 211,737,594 238,400,353 ii) Investments/bank balances - -b) Advance Income Tax paid 267,531,703 242,331,703c) Others 132,696,530 -
Total 7,774,661,303 8,597,429,583
BALANCE SHEET AS AT 31ST MARCH, 2019EXPORT DEVELOPMENT FUND
ANNUAL REPORT 2018-19
181ANNUAL REPORT 2018-19181
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ix) AÝ` am{e`m§ {OZHo$ {bE ~¢H$ AmH$pñ‘H$ ê$n go {Oå‘oXma h¡
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EXPORT DEVELOPMENT FUND
This year (As at 31.03.2019)
`
Previous year (As at 31.03.2018)
`
CONTINGENT LIABILITIES
i) Acceptances, Guarantees, Endorsements and other obligations - -
ii) On outstanding forward exchange contracts - -
iii) On underwriting commitments - -
iv) Uncalled Liability on partly paid investments - -
v) Claims on the Bank not acknowledged as debts - -
vi) Bills for collection - -
vii) On participation certificates - -
viii) Bills Discounted/Rediscounted - -
ix) Other monies for which the Bank is contingently liable
- -
Note:The Bank has established Export Development Fund in terms of Section 15 of Export-Import Bank of India Act, 1981 (The Act). In terms of Section 17 of the Act, before granting any loan or advance or entering into any such arrangement, Exim Bank has to obtain the prior approval of the Central Government.
For and on behalf of the Board
Shri Debasish Mallick Deputy Managing Director
Shri David RasquinhaManaging Director
Shri Dinabandhu Mohapatra Smt. Geetha Muralidhar Shri Rajnish Kumar
Dr. M. D. Patra Shri Bidyut Behari Swain
As per our attached report of even date For JCR & Co. Chartered Accountants Firm Regn. No. 105270W
(FCA Rachita Salhotra) PartnerM. No. 100919
New Delhi, May 23, 2019
ANNUAL REPORT 2018-19
183ANNUAL REPORT 2018-19183
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Am`H$a Ho$ {bE àmdYmZ 24,223,951 39,642,000
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69,322,204 114,545,618
Am`1. ã`mO Am¡a ~Q²>Q>m
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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$m à{VboIZ - -
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This year `
Previous year`
EXPENDITURE1. Interest 624,492,619 555,196,9692. Other Expenses 196,703 3,143,1893. Profit carried down 69,322,204 114,545,618
Total 694,011,526 672,885,776
Provision for Income Tax 24,223,951 39,642,000Balance of profit transferred to Balance Sheet 45,098,253 74,903,618
69,322,204 114,545,618
INCOME1. Interest and Discount:
a) loans and advances 694,011,526 663,567,960b) investments/bank balances - 4,697,714
2. Exchange, Commission, Brokerage and Fees - 4,620,1023. Other Income - - 4. Loss carried to Balance Sheet - -
Total 694,011,526 672,885,776
Profit brought down 69,322,204 114,545,618Excess Income/Interest tax provision of earlier years written back - -
69,322,204 114,545,618
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2019
EXPORT DEVELOPMENT FUND
For and on behalf of the Board
Shri Debasish Mallick Deputy Managing Director
Shri David RasquinhaManaging Director
Shri Dinabandhu Mohapatra Smt. Geetha Muralidhar Shri Rajnish Kumar
Dr. M. D. Patra Shri Bidyut Behari Swain
As per our attached report of even date For JCR & Co. Chartered Accountants Firm Regn. No. 105270W
(FCA Rachita Salhotra) PartnerM. No. 100919
New Delhi, May 23, 2019
ANNUAL REPORT 2018-19
185ANNUAL REPORT 2018-19 dm{f©H$ [anmoQ>© 2018-19
^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
’¡$³g: +91 80 25589107
B©-‘ob: [email protected]
M§S>rJ‹T>gr-213, Xÿgar ‘§{µOb, EbmÝVo H$m¶m©b¶, Am¡Úmo{JH$ joÌ ’o$O-1, M§S>rJ‹T> - 160 002.
’$moZ: +91 172 4629171-73 & ’¡$³g: +91 172 4629175
B©-‘ob: [email protected]
MoÝZ¡¡AmodagrO Q>m°dg©, Mm¡Wr Ed§ nm§Mdr ‘§{µOb, 756-Eb, AÝZm gbmB©, MoÝZ¡¡ - 600 002.
’$moZ: +91 44 28522830/31 & ’¡$Šg: +91 44 28522832
B©-‘ob: [email protected]
JwdmhmQ>rZoS>’$s hmCg, Mm¡Wr ‘§{µOb, Or. Eg. amoS>, {Xgnwa, JwdmhmQ>r - 781 006.
’$moZ: +91 361 2237607/609 & ’¡$Šg: +91 361 2237701
B©-‘ob: [email protected]
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
B©-‘ob: [email protected]
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
B©-‘ob: [email protected]
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 & ’¡$³g: +91 11 20815029
B©-‘ob: [email protected]
nwUoZ§. 402 Am¡a 402 (~r), Mm¡Wr ‘§{µOb, {g½ZoMa {~pëS§>J, ^må~wS>m©, ^§S>maH$a amoS>, {edmOr ZJa, nwUo - 411 004.
’$moZ: +91 20 25648856 & ’¡$³g: +91 20 25648846
B©-‘ob: [email protected]
^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
B©-‘ob: [email protected]
{dXoe pñWV H$m¶m©b¶Am{~XOmZ5dt ‘§{µOb, AÁ¶ya {~pëS>¨J, 18-Xm°³Va H«$moµOo amoS>,ßbo˶mo-Am{~XOmZ, H$moV {X'dma.’$moZ: +225 20 24 29 51 & ‘mo~mBb: +225 79707149
’¡$³g: +225 20 24 29 50
B©-‘ob: [email protected]
A{Xg A~m~mhmCg Z§. 46, O¡H«$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 & ’¡$³g: +251 116 610170
B©-‘ob: [email protected]
T>mH$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
B©-‘ob: [email protected]
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 & ’¡$³g: +971 4 3637461
B©-‘ob: [email protected]
Omohm§ñ~J©Xÿgar ‘§{µOb, g¢S>Q>Z {gQ>r {Q²>dZ Q>m°dg© B©ñQ>, g¢S>hñQ>© EŠgQ>|eZ 3, g¢Q>Z 2196, Omohm§ñ~J©, X{jU A’«$sH$m.’$moZ: +27 11 3265103/13 & ’¡$³g: +27 11 7844511
B©-‘ob: [email protected]
qgJmnwa20, H$mo{b¶a ³do, #10-02, qgJmnwa - 049319.
’$moZ: +65 65326464 & ’¡$³g: +65 65352131
B©-‘ob: [email protected]
dmqeJQ>Z S>r. gr.1750 n|{gëdo{Z¶m Edoݶy EZ. S>ãë¶y, gyBQ> 1202,
dmqeJQ>Z S>r. gr. 20006, g§¶w³V amÁ¶ A‘o[aH$m.’$moZ: +1202 223 3238 & ’¡$³g: +1202 785 8487
B©-‘ob: [email protected]
`m§JyZhmCg Z§. 54/E, Vb ‘§{µOb, ~mo¶maݶwV ‘mJ©, S>¡JZ Q>mCZ{en, `m§JyZ, å¶m§‘ma.’$moZ: +95 1389520 & ‘mo~mBb: +95 1389520
B©-‘ob: [email protected]
^maVr¶ {Z¶m©V-Am¶mV ~¢H$
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]
187ANNUAL REPORT 2018-19
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