BANK FINANCE TO FACTORING COMPANIES
The Reserve bank of India (RBI) has said that an NBFC-Factor shall ensure that its financial assets
in the factoring business constitute at least 75 percent of its total assets and its income derived from factoring business is not less than 75 percent of its gross income. Banks can henceforth extend financial assistance to support the factoring business of Factoring Companies.
in the factoring business constitute at least 75 percent of its total assets and its income derived from factoring business is not less than 75 percent of its gross income. Banks can henceforth extend financial assistance to support the factoring business of Factoring Companies.
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