Banking Awareness Test for IBPS, RBI, SBI, NABARD & other Bank Examinations

Q.  How many NBFC factors are there in India registered at present?

a. 31
b. 6
c. 7
d. 9


ANSWER: See Answer
 
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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