Marketing of Factoring Serviceswith Special Reference to SBI Factors and Commercial Services Ltd. Mumbai, India

Dr. Teki Surayya

The IUP Journal of Bank Management, 2004, vol. III, issue 3, 42-57

Abstract: Extending credit elevates sales of business corporations. Factoring enables corporations to convert inactive assets into cash. SBI factors offer 70 to 80% cash on approved debt. It currently charges 18% and has 15.33% compound growth rate. Co-relation between turnover and number of SSI clients is + 0.72. Projected turnover for 2002-03 is around Rs. 700 crores. The product line is limited and should be extended fully. Companys major target market, SSI, which is falling, should be heeded. The percentage of awareness in the relevant market is only 24%.

Date: 2004
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:icf:icfjbm:v:03:y:2004:i:3:p:42-57

Access Statistics for this article

More articles in The IUP Journal of Bank Management from IUP Publications
Bibliographic data for series maintained by G R K Murty ().