SBI Global Factors Limited Contribution to Indian Factoring Business an Outline
Main Article Content
Abstract
Factoring has been a popular method of financing of companies in India. Since its inception, factoring business has made a significant progress in India. The total factoring volume has increased in the past nine years. Yet it is found that in its present improved format, factoring is still not the preferred solution for most of the Indian Companies. But around the world, factoring is a popular option to access working capital in the case of small or even large businesses, among eleven companies, which are providing the factoring business in India, only State Bank of India Global Factors Limited (SBIGFL) is providing domestic as well as International Factoring services under one roof. S BIGFL is a member of Factors Chain International (FCI), an Umbrella Organization of worldwide factoring companies. The aim of this study is to know the concept of factoring and the products, services, role of the SBIGFL in the factoring business in India.
Downloads
Metrics
Article Details
Licensing
TURCOMAT publishes articles under the Creative Commons Attribution 4.0 International License (CC BY 4.0). This licensing allows for any use of the work, provided the original author(s) and source are credited, thereby facilitating the free exchange and use of research for the advancement of knowledge.
Detailed Licensing Terms
Attribution (BY): Users must give appropriate credit, provide a link to the license, and indicate if changes were made. Users may do so in any reasonable manner, but not in any way that suggests the licensor endorses them or their use.
No Additional Restrictions: Users may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.