RBI mandates project export data sharing with EXIM Bank
Current · Source: Reserve Bank of India · RBI/2006-2007/432 · issued 08 Jun 2007 · ~2 min read
Quick answerAD Category-I banks must now send a copy of post-award approvals for project export and deferred payment supply contracts to EXIM Bank, along with data in XLS format, to help RBI compile consolidated all-India data.
The rule, in the simplest words
Banks that can handle foreign money (AD Category-I banks) must send a copy of their 'yes' decision for big export projects (post-award approval) to EXIM Bank (a special bank for exports).
They also need to email the project details in a spreadsheet (XLS format) to EXIM Bank right after saying 'yes'.
This helps RBI (India's central bank) and EXIM Bank see all big export projects in one place, instead of each bank keeping its own list.
The rule applies to projects worth up to 100 million US dollars (about 830 crore rupees) that banks can approve themselves.
How it plays out — a real example
A forex & trade-finance officer in Indore, Priya, just approved a ₹50 crore project export contract for a local machinery maker. She now emails a copy of the approval and an XLS file with the project data to EXIM Bank in Mumbai, making sure RBI can track all such deals across India.
What changed
Previously, post-award approval data for project exports was maintained separately by each approving authority, making consolidated data unavailable. Now, AD Category-I banks are required to send a copy of every post-award approval they grant for project export or deferred payment supply contracts to EXIM Bank, along with the data in XLS format via email.
What it means for you
This move centralizes project export data, giving RBI and EXIM Bank a clearer picture of India's project export pipeline. For banks, it adds a reporting step but reduces fragmentation, potentially improving policy coordination and risk assessment for large export contracts.
What you must do
Set up a process to send a copy of each post-award approval for project export or deferred payment supply contracts to EXIM Bank immediately after granting it.
Ensure the data is also emailed in XLS format as per the annex to EXIM Bank at the specified address.
Inform your constituents and customers about this new reporting requirement.
Review your current approval tracking system to ensure compliance with the USD 100 million delegation threshold.
Who it affects
AD Category-I banks, Export-Import Bank of India (EXIM Bank), Indian exporters and project exporters
Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).
What is the threshold for post-award approval delegation to banks?
Banks and EXIM Bank can accord post-award approval for projects not exceeding USD 100 million, subject to conditions in the PEM. Proposals above USD 100 million are considered by the Working Group.
Where do we send the approval copies and data?
Send the approval copy to Export-Import Bank of India, Centre-I, 21st Floor, World Trade Centre Complex, Cuffe Parade, Mumbai 400 005, and email the data in XLS format to EXIM Bank.
Does this circular override any existing permissions?
No, it is issued under FEMA Sections 10(4) and 11(1) and is without prejudice to any other approvals required under other laws.
📜 This document’s life story (2 recorded events, each backed by RBI’s own words)
RBI’s words: “it has been decided to increase the time limit”
📜 Read the original circular — full text as issued by RBI
RBI/2006-2007/432
A.P.
(DIR Series) Circular No.71
June
8, 2007
To
All
Category- I Authorised Dealer Banks
Madam
/ Sirs,
Data
on Project Export Finance
Attention
of Authorised Dealers Category I (AD Category-I) banks is invited to para B.7
of 'Memorandum of Instructions on Project and Service Exports' (PEM) issued vide
AP
(DIR Series) Circular No.32 dated October 28, 2003 , which, inter alia, delegated
powers to Authorised Dealers / EXIM Bank to accord post award approval for projects
not exceeding USD 100 million, subject to the fulfillment of the conditions stipulated
therein. Proposals exceeding USD 100 million are considered by the Working Group.
2. At
present, consolidated data in respect of the project exports by the Indian banking
system is not available at one place as the data on post-award approval is maintained
by the concerned Project Approving Authority. In order to facilitate compilation
of consolidated data on project export contracts / supply contracts on deferred
payments on an all India basis, AD Category-I banks are advised to henceforth
send a copy of post award approvals for project export contracts / supply contracts
on deferred payment basis, as and when such approvals are accorded by them, to
the Export-Import Bank of India, Centre-I, 21st Floor, World Trade Centre Complex,
Cuffe Parade, Mumbai 400 005. The data in *Xls format ( Annex ) should also be mailed
to EXIM Bank.
3.
AD - Category I banks may bring the contents of this circular to the notice of
their constituents and customers concerned.
4. The
Directions contained in this circular have been issued under Sections 10 (4) and
11 (1) of the Foreign Exchange Management Act (FEMA), 1999 (42 of 1999) and are
without prejudice to permissions / approvals, if any, required under any other
law.
Yours
faithfully,
Salim
Gangadharan
Chief General
Manager
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2006-2007/432 · issued 08 Jun 2007. The plain-English explanation above is BankPulse’s own independent summary.
Review your current approval tracking system to ensure compliance with the USD 100 million delegation threshold.
📜 Compliance
Set up a process to send a copy of each post-award approval for project export or deferred payment supply contracts to EXIM Bank immediately after granting it.
Ensure the data is also emailed in XLS format as per the annex to EXIM Bank at the specified address.
Inform your constituents and customers about this new reporting requirement.
Grouped from the action items above — a single circular may involve more than one team.
Worked example & action-note template
Example: if you are a Compliance officer at a bank this circular applies to (AD Category-I banks, Export-Import Bank of India (EXIM Bank), Indian exporters and project exporters), your first concrete step on “RBI mandates project export data sharing with EXIM Bank” is: “Set up a process to send a copy of each post-award approval for project export or deferred payment supply contracts to EXIM Bank immediately after granting it.” (RBI issued this 08 Jun 2007).
Circular: RBI/2006-2007/432 -- RBI mandates project export data sharing with EXIM Bank
Issued: 08 Jun 2007
Action required: Set up a process to send a copy of each post-award approval for project export or deferred payment supply contracts to EXIM Bank immediately after granting it.
Action required: Ensure the data is also emailed in XLS format as per the annex to EXIM Bank at the specified address.
Action required: Inform your constituents and customers about this new reporting requirement.
Action required: Review your current approval tracking system to ensure compliance with the USD 100 million delegation threshold.
Owner: ____________ Target date: ____________
Board/committee approval needed? Y / N
Evidence filed in compliance register on: ____________
Built only from this circular’s own published fields — not legal advice; always confirm against the official RBI source.
💬 Banker Discussion
Discuss this circular with fellow bankers — reply, upvote what helps, report what doesn’t belong. Be professional; no client data. Views are the commenter’s own, not BankPulse’s.
BankPulse Compliance Evidence Pack — generated 05 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly). Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=3582&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
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