State Bank of India (SBI) on Friday said SBI Global Factors Ltd has become its 100 per cent subsidiary as the country’s biggest lender has acquired about 14 per cent stake from other shareholders. SBI Global Factors Ltd (SBIGFL), a subsidiary of State Bank of India, is Non Banking Financial Company regulated by Reserve Bank of India. SBIGFL provides Domestic and Export Factoring services under one roof. It is headquartered in Mumbai with 09 Branches across India. SBI has acquired 13.82 per cent equity of existing shareholders i.e., SIDBI (6.53…
SBI acquires 100 pc stake in SBI Global Factors
