Export-Import Bank of India (Exim Bank), launched its subsidiary- India Exim Finserve IFSC Private Limited (Exim Finserve), at the GIFT City on Tuesday (12 August 2023)

• Exim Finserve will extend a range of trade finance products to Indian exporters, with a primary focus on export factoring.
• The subsidiary, inaugurated by Dr. Vivek Joshi, Secretary, Department of Financial Services (DFS), will extend a range of trade finance products to Indian exporters, with a primary focus on export factoring.
• He said, “The launch of Exim Finserve is extremely timely and most suitable given the need of the hour, especially for MSMEs.”
• Harsha Bangari, managing director, Exim Bank, said, “Exim Finserve through its factoring services, is set to enhance the export competitiveness of MSMEs as they can offer competitive credit terms to their buyers, without associated risks and cash flow difficulties.”