Personal Profile
Mr Ashok Kumar Vartia is an MBA from School of Management Studies, Punjabi University Patiala [Punjab]. He is also a Chartered Associate of Indian Institute of Banking and Finance. Mr Vartia has 23 years of Banking Experience. He joined Export-Import Bank of India in 2006 [after a 7 years stint with Bank of Baroda] and has rich experience of working in Trade Finance, Project Finance, Corporate Banking and Lines of Credit programs. Mr Vartia is currently associated with Lines of Credit department of Exim Bank and is posted at Exim Bank's New Delhi office. He has also served as Resident Representative of Exim Bank for Southern Africa and was posted [2012-2016] in Johannesburg office of Exim Bank.
Company Profile
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 and 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 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 (LOC) 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.
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 projects or for acquisition of companies overseas. The service is provided on a success fee basis. The Bank supports the internationalisation 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.