Discussion Forum : Nabard & Other Bank Examinations
Question -
How many NBFC factors are there in India registered at present?
Answer: Option C
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. AT PRESENT, THERE ARE ONLY 7 NBFC FACTORS REGISTERED WITH RBI.
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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. AT PRESENT, THERE ARE ONLY 7 NBFC FACTORS REGISTERED WITH RBI.
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