Mr. Debasish Mallick, Deputy Managing Director, Export-Import Bank of India Mr. Debasish Mallick has been appointed by the Government of India as Deputy Managing Director of Export-Import Bank of India w.e.f 21st July 2014. The responsibilities in Exim Bank includes business growth, policy related matters, external and internal interaction, and all other matters necessary for smooth functioning of the Bank. Functional responsibilities are as under: 1. Business of the Corporate Banking Group (CBG): Handling the entire credit business of the Bank, both for domestic and overseas investment. 2. Project Export Business: Handling the entire business of financing Indian companies for overseas project execution. 3. Grass root initiatives for development (GRID): Extending soft loans and grants to micro enterprise and artisan for production / marketing. 4. Recovery & Stress Asset Management Recovery and Restructuring proposals 5. Legal Department: All legal matters of the Bank. 6. Domestic Offices: Overall business and other matters of Domestic offices of Exim Bank. 7. Resources: Treasury and Foreign Currency Operation of the Bank including Borrowings in the International Market. 8. HR & Administration and other related matters Prior to this appointment, Mr. Mallick was the Managing Director and CEO of IDBI Asset Management Company Ltd., where he had intensive and extensive experience in dealing in the Equity and Debt Capital markets in India. A post graduate in Economics and a Certified Associate of Indian Institute of Bankers, Mr. Mallick has nearly three decades of experience in the Banking industry, in the areas of Project Finance, Corporate Banking, International Banking, Resource Mobilization, Treasury and Retail Banking, among others. Mr. Mallick has specialized interest and experience in the following fields: 1. Development Banking: • Infrastructure Finance – Port and Road sector and Renewable Energy • Project financing in various sectors including core industries viz. Engineering, Shipbuilding and Automobile. • Overseas Investment Finance-Infrastructure & Project Financing • Trade Finance as a tool of development. 2. Banking: • Financial inclusion – working to reach finance to the grassroots 3. Capital Market : • Equity & Debt Capital markets to create structured financial solutions for Sustainable growth.
Export-Import Bank of India (Exim Bank) was set up in 1982 by an Act of Parliament for financing, facilitating and promoting India’s foreign trade. It is the principal financial institution in the country for coordinating the working of institutions engaged in financing exports and imports. Exim Bank is fully owned by the Government of India. The Bank provides financial as well as value-added services to Indian exporters. Assistance is given to export-oriented units (EOUs) by way of term loans in Indian rupees or foreign currencies for setting up new production facilities, expansion/modernization or upgradation of existing facilities and for acquisition of production equipment or technology. The Bank lays special emphasis on extension of Lines of Credit to overseas entities, national governments, regional financial institutions and commercial banks. The Bank extends Buyers’ credit and Suppliers’ credit to finance and promote India’s exports and also has a programme called the Buyer’s Credit under National Export Insurance Account (NEIA) to facilitate medium and long term exports from India.
To promote hi-tech exports from India, the Bank has a lending programme to finance research and development activities of EOUs. The Bank has a Marketing Advisory Services programme, to assist Indian companies in identification of prospective business partners, facilitating placement of final orders and also identification of opportunities for setting up plants or projects or for acquisition of companies overseas. The service is provided on a success fee basis.
The Bank supports the internationalization endeavours of Small and Medium Enterprises (SMEs) and has also put in place a Technology and Innovation Enhancement and Infrastructure Development Fund to meet foreign currency capital requirements of Indian exporters, especially SMEs.
Exim Bank supplements its financing programmes with a wide range of value-added information, advisory and support services, which enable exporters to evaluate international risks, tap export opportunities and improve competitiveness, thereby helping them in their globalisation efforts.