MISCELLANEOUSCentral
Section 27 of The Export-Import Bank of India Act, 1981
Staff of Exim Bank.
- (1)The Exim Bank may appoint such number of officers and other employees as it considers necessary or desirable for the efficient performance of its functions and determine the terms and conditions of their appointment and service.
- (2)Without prejudice to the provisions of sub-section (1), it shall be lawful for the Exim Bank to utilise, and for the Development Bank to make available the services of, such staff of the Development Bank having experience relating to export financing functions on such terms and conditions as may be agreed upon between the Exim Bank and the Development Bank.
- (3)The duties and conduct, terms and conditions of service and the establishment and maintenance of a Provident Fund or any other Fund for the benefit of the officers and other employees of the Exim Bank shall be such as may be prescribed.
Summary
- The Exim Bank has the power to hire its own officers and staff to do its work effectively.
- The bank's board decides the rules, pay, and working conditions for these employees.
- The bank is allowed to use staff from the Development Bank who already have experience in export finance.
- Rules regarding employee behavior, duties, and the staff Provident Fund are set through formal regulations.
Practical examples
1In June 2025, the Exim Bank decides it needs 20 new trade analysts. Under Section 27, the bank puts out a job ad and sets the salary itself without needing to ask a different government department.
2An employee named Anita worked for the Development Bank for ten years. The Exim Bank needs her expertise, so they arrange to use her services at the Exim Bank under terms agreed between the two banks.
FAQ
1. Can the Exim Bank "borrow" employees from other banks?
Specifically, the Act allows them to utilize staff from the Development Bank who have relevant experience.
Test yourself
Q1.Under Section 27 of The Export-Import Bank of India Act, 1981, who has the authority to appoint the necessary number of employees for the bank?
Q2.According to Section 27 of The Export-Import Bank of India Act, 1981, what type of staff can the Exim Bank specifically utilize from the Development Bank?
Q3.Under Section 27 of The Export-Import Bank of India Act, 1981, how are the duties and conduct of the bank's staff established?
Q4.Under Section 27 of The Export-Import Bank of India Act, 1981, what must happen for the Exim Bank to use staff from the Development Bank?