Discussion Forum : Nabard & Other Bank Examinations
Question -
Which of the following company started the first Factoring business service in India?
Answer: Option A
SBI FACTORS AND COMMERCIALS LIMITED WAS THE FIRST FACTORING COMPANY TO START ITS OPERATION IN INDIA IN APRIL, 1991. SINCE THEN A NUMBER OF COMPANIES HAVE STARTED FACTORING BUSINESS IN INDIA.
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SBI FACTORS AND COMMERCIALS LIMITED WAS THE FIRST FACTORING COMPANY TO START ITS OPERATION IN INDIA IN APRIL, 1991. SINCE THEN A NUMBER OF COMPANIES HAVE STARTED FACTORING BUSINESS IN INDIA.
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