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


Q.  Which of the following company started the first Factoring business service in India?

a. SBI Factors and Commercials Limited
b. IFCI Factors Limited
c. Siemens Factoring Private Limited
d. Canbank Factors Limited


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.
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