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._

Details

Title
SBI Global Factors Limited Contribution to Indian Factoring Business an Outline
Author
Mohammed, Siraj Basha 1 ; Podile, Venkateswara Rao 2 

 Research Scholar, KL Business School, KL Deemed to be University, Vaddeshwaram, Andhra Pradesh, 
 Professor at Management, KL Business School, KL Deemed to be University, Vaddeshwaram, Andhra Pradesh. 
Pages
2061-2064
Section
Research Article
Publication year
2021
Publication date
2021
Publisher
Ninety Nine Publication
e-ISSN
13094653
Source type
Scholarly Journal
Language of publication
English
ProQuest document ID
2623462596
Copyright
© 2021. This work is published under https://creativecommons.org/licenses/by/4.0 (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.