David Rasquinha , is the Managing Director and Chief Executive Officer of the Export-Import Bank of India.
David joined the Exim Bank in 1984-85, and since then has had a wide ranging exposure to the broad field of export credit, having worked in the areas of Treasury, Multilateral Agency Funded Projects, Planning & Research, Risk Management, Trade Finance, Project Finance and Project Exports. He has served as a member on several Working Groups set up by Reserve Bank of India for working capital finance to software units, facilitation measures for exporters, etc. From 1999 – 2004, he served as Resident Representative at the Bank’s Washington DC Representative Office. In July 2014, David was appointed on the Board of the Exim Bank as the Deputy Managing Director, and moved up as the Managing Director in August 2017.
David secured a first class graduate degree in Economics from Bombay University and followed it up with a post graduate qualification in Business Management from the XLRI, Jamshedpur where he was awarded the Gold Medal in Economics. He has benefited from a number of specialised training programmes both in India and abroad. David has lectured on various aspects of export financing at the National Institute of Bank Management, the Reserve Bank of India's Bankers Training College, the Jawaharlal Nehru Institute for Development Banking, as well as various bank training colleges, academic institutions and industry bodies in India and the U.S.A. He is a Member of the National Jury for the CII – Exim Award for Business Excellence, a Total Quality Management Award based on the TQM model of the European Foundation for Quality Management. David has also been a Director on the Boards of 4 Indian companies. His insights on export credit and the Indian economy are often sought in panel discussions and seminars.
An excellent communicator, David has had small humorous pieces published in Indian newspapers and is active on social media. David is married to Sujata, a Chartered Accountant specialising in recovery of distressed assets. The couple has one daughter, Ishwari, currently studying User Experience Design.
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.