Appointment of Shri Suchindra Misra, Additional Secretary as Director on the Board of Exim Bank.

## Report on Nomination of Director to the Board of Export-Import Bank of India **1. Executive Summary:** This report analyzes a notification (S.O. 1548(E)) issued by the Ministry of Finance, Department of Financial Services, concerning the nomination of a Director to the Board of the Export-Import Bank of India (Exim Bank). The notification, dated March 31, 2022, announces the appointment of Shri Suchindra Misra as Director, replacing Shri Pankaj Jain, effective immediately and until further orders. The core purpose is to ensure the continued effective governance and oversight of Exim Bank through appropriate board representation. **2. Introduction:** This report provides an overview and analysis of Notification S.O. 1548(E) concerning a director appointment on the Export-Import Bank of India (Exim Bank) board. This analysis is based solely on the text of the notification itself. **3. Policy Overview:** This notification pertains to an amendment regarding the composition of the board of directors. * **Core Objective(s):** To ensure effective governance of the Export-Import Bank of India by filling a director position with a qualified individual, ensuring continued oversight and direction of the bank's operations. **4. Background and Rationale:** This notification represents an amendment to the composition of the Exim Bank's Board. The likely reason for this specific amendment is to replace an outgoing Director with a new nominee. The change likely aims to maintain a full and functioning board, allowing the bank to fulfill its mandate. **5. Key Provisions / Changes:** This notification specifically deals with the replacement of a Director on the Board of the Export-Import Bank of India. * **What specific part of the original policy is being changed:** The composition of the Board of Directors of the Export-Import Bank of India, specifically the individual holding a director position. * **What the *new* rule/provision *is*, based *only* on the amendment text:** Shri Suchindra Misra, Additional Secretary, Department of Financial Services, is nominated as Director on the Board of Export-Import Bank of India. The appointment is effective immediately and until further orders. * **Explain the *difference* or the *effect* of this specific change:** Shri Pankaj Jain is no longer a Director and is replaced by Shri Suchindra Misra. This change ensures continued representation from the Department of Financial Services on the Exim Bank Board. **6. Target Audience and Stakeholders:** The primary target audience and stakeholders directly affected by this change include: * The Export-Import Bank of India (Exim Bank) and its existing Board members. * The Department of Financial Services, Ministry of Finance. * Shri Suchindra Misra (the newly appointed Director). * Shri Pankaj Jain (the replaced Director). * Organizations and individuals that interact with the Exim Bank. **7. Implementation Aspects (Inferred):** * **Responsible agency/bodies mentioned:** The Ministry of Finance, Department of Financial Services, is responsible for the nomination. The Board of Directors of Exim Bank will integrate the new Director. * **Any timelines or procedures specified *in the text*?:** The appointment is effective immediately. No other timelines or procedures are specified in the provided text. * **Implementation aspects related *specifically to the changes*:** The primary implementation aspect is the onboarding of Shri Suchindra Misra onto the Exim Bank Board and the offboarding of Shri Pankaj Jain. **8. Expected Outcomes / Impact of Changes:** The likely intended outcome of this change is to maintain the effective functioning of the Exim Bank's Board of Directors. This ensures that the bank continues to receive appropriate guidance and oversight in its operations. The appointment of an Additional Secretary from the Department of Financial Services suggests a continued emphasis on aligning the bank's activities with the government's financial policies and priorities. **9. Conclusion:** The notification S.O. 1548(E) details the replacement of a Director on the Board of the Export-Import Bank of India. This amendment is significant for maintaining the continuity and effectiveness of the Exim Bank's governance structure and aligning it with the Department of Financial Services objectives. The change ensures that the Board benefits from the expertise and insights of Shri Suchindra Misra.

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