SBI Global Factors Limited (SBIGFL) is the only provider of international factoring, domestic factoring and forfaiting services under one roof in India. SBIGFL has established itself as a market leader in international factoring providing value added servicesto its clients.

SBIGFL is headquartered in Mumbai with six regional offices - one each in New Delhi, Bangalore, Chennai, Hyderabad, Ahmedabad and Kolkata. SBIGFL aims to be the premier export and import solution provider in India offering professional quality services on an e-commerce platform.

SBI Global Factors Limited (SBIGFL) formerly Global Trade Finance Ltd was promoted as a joint venture by Export Import Bank of India (Exim Bank), West LB, Germany; and International Finance Corporation (‘IFC?), Washington (the private sector arm of World Bank). It commenced its operations from September 2001.

In March 2008, State Bank of India purchased the equity stake of Exim Bank, FIM Bank, Malta, and IFC, Washington and acquired 92.08% stake in the GTF.

SBI Factors and Commercial Services Private Limited, a subsidiary of SBI promoted by SBI and its associates jointly with SIDBI & Union Bank of India in February 1991 was merged with the Company as per the order passed by the Hon’ble High Court, Mumbai dated 15/01/2010.The merged Company was renamed as SBI Global Factors Ltd. with effect from 23/03/2010.

Post Amalgamation, State Bank of India holds 85.39% stake in SBIGFL. Remaining 14.61% is held by SIDBI, Bank of Maharashtra and Union Bank of India.

SBIGFL is a member of Factors Chain International, a global association of international factoring companies Established in 1968, FCI has played a major role in bringing factoring into most countries and today has a membership of 247 factoring companies operating in 66 countries.

SBIGFL also has arrangements with credit insurers across the world for providing credit protection.

International trade, on the basis of LC's is gradually declining. "Open Account" and "Extended Credit" is becoming a pre-requisite for increasing sales volume in global market. SBIGFL helps this need with its export factoring product that provides credit assessment, credit protection, financing, and collection services to exporters for regular sales on open account terms.

SBIGFL uses a high end customized IT platform to process and deliver its services. With a short turn around time in approval of facilities. SBIGFL is the only factoring company in India to offer online web access to its clients for accessing their accounts. SBIGFL's "Client Access" module is custom made to suit its business profile and caters to client requirements.