Section 13
Loans in foreign currency.
The Export-Import Bank of India Act, 1981
About this Act
An Act to establish a corporation to be known as the Export-Import Bank of India for providing financial assistance to exporters and importers, and for functioning as the principal financial institution for co-ordinating the working of institutions engaged in financing export and import of goods and services with a view to promoting the country s international trade and for matters connected therewith or incidental thereto.
Notwithstanding anything contained in the Foreign Exchange
Regulation Act, 1973 (46 of 1973) or in any other law for the time being in force relating to foreign
exchange, the Exim Bank may, for the purpose of granting loans and advances under this Act, borrow,
with the previous consent of the Central Government, foreign currency from any foreign State or from
any bank or financial institution in any foreign country or otherwise.