11. Loans by Central Government.—The Central Government may, after due appropriation made
by Parliament by law in this behalf, advance to the Exim Bank—
(a) a loan of twenty crores of rupees at a rate of interest of five and a quarter per cent. per annum
repayable in fifteen equal annual instalments, commencing on the expiry of a period of fifteen years
from the date of receipt of the loan; and
(b) such further sums of money by way of loan on such terms and conditions as may be agreed
upon:
Provided that the Central Government may, on a request being made to it by the Exim Bank,
increase the number of instalments or alter the amount of any instalment or vary the date on which
any instalment is payable under clause (a).
12. Borrowings and acceptance of deposits by Exim Bank.—(1) The Exim Bank may, for the
purposes of carrying out its functions under this Act,—
(a) issue and sell bonds and debentures with or without the guarantee of the Central Government;
(b) borrow money from the Reserve Bank—
(i) repayable on demand or on the expiry of fixed periods not exceeding ninety days from the
date on which the money is so borrowed against the security of stocks, funds and securities (other
than immovable property) in which a trustee is authorised to invest trust money by any law for
the time being in force in India;
(ii) against bills of exchange or promissory notes arising out of bona fide commercial or trade
transactions and bearing two or more good signatures and maturing within five years from the
date of the borrowing;
(iii) out of the National Industrial Credit (Long Term Operations) Fund established under
section 46C of the Reserve Bank of India Act, 1934 (2 of 1934) for any of the purposes specified
in that section;
(c) borrow money from such other authority, organisation or institution in India as may generally
or specially be approved by the Central Government;
(d) accept deposits repayable after the expiry of a period which shall not be less than twelve
months from the date of the making of the deposit on such terms as may generally or specially be
approved by the Reserve Bank.
(2) The Central Government may, on a request being made to it by the Exim Bank, guarantee the
bonds and debentures issued by that Bank as to the repayment of principal and the payment of interest at
such rate as may be fixed by that Government.
13. Loans in foreign currency.—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.
14. Grants, donations, etc., to Exim Bank.—The Exim Bank may receive gifts, grants, donations or
benefactions from Government or any other source in or outside India.