Performance Evaluation of Indian Factoring Business: A Study of SBI Factors and Commercial Services Limited, and Canbank Factors Limited

Prashanta Kumar Banerjee

Vision, 2003, vol. 7, issue 1, 55-68

Abstract: Factoring is a global industry with a vast turnover. It offers various advantages like consistent cash flow, lower administration costs, reduced credit risks and more time for core activities. Both the domestic and international factoring are getting popularity at an impressive rate in all parts of the world. The factoring services made an entry in India in the year 1991. Since then, a good number of factoring companies namely SBI Factors and Commercial Services Ltd., Canbank Factors Ltd, Wipro Finance Ltd., Integrated Finance Company Ltd, and Foremost Factors Ltd. have been offering factoring services in India. This paper evaluates the operational and financial performance of Indian Factoring Companies. For this, Ratio, Annual Average, Average Per Annum Growth Rate, Compound Growth Rate and Mann-Whitney U test have been used. The study confirms that operational and financial performance of the factors in India has been improving through time.

Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:sae:vision:v:7:y:2003:i:1:p:55-68

DOI: 10.1177/097226290300700105

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