SBI Global Factors Ltd (SBIGFL), a subsidiary of State Bank of India, is Non Banking Financial Company regulatory by Reserve Bank of India.
SBIGFL provides Domestic and Export Factoring services under one roof. It is headquartered in Mumbai with 11 Branches across India.
SBIGFL aims to be India’s premier factoring company.
SBIGFL has been created out of merger of two leading Factoring Companies viz. SBI Factors & Commercial Services Pvt. Ltd & Global Trade Finance Ltd. in the year 2010.
Post merger, Company was renamed as ‘SBI Global Factors Ltd.’ with effect from 18th March 2010.
SBIGFL is a member of Factors’ Chain International (FCI), an umbrella organisation of worldwide factoring companies. FCI aims to facilitate international trade through factoring and related financial services. Currently, the FCI network has 273 Factors in 75 countries, actively engaged in more than half of the world’s cross-border factoring volume.