Factoring Services in India (Mechanism, Feasibility and Prospects)
Journal Title: JOURNAL OF COMMERCE AND TRADE - Year 2006, Vol 1, Issue 2
Abstract
Factoring is a unique financial innovation. It is a popular mechanism of managing, financing, and collecting receivables. It is method of converting non-productive, inactive assets (i.e. receivables into a productive asset (viz., cash) by selling receivables to the company that specializes in their collection and administration popularly known as factor. A “factor makes conversion of receivables into cash possible. The factoring industry is an important part of many financial systems and it has established itself as a major source of finance and credit management for growing number of companies. This study would be focused to understand the mechanism of factoring services in Indian scenario, its feasibility and prospective outcomes it can bring in the Indian financial sector.
Authors and Affiliations
Sujata Kapoor
Keywords
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