Consequently, an NBFC whose factoring assets and factoring income are 50 percent of the total assets and total income respectively are now classified as NBFC-Factors. This is expected to provide a boost to factoring activities in the country. 4  BIS central bankers’ speeches  18.
A faster and deeper implementation of the existing approach, as agreed under the EU-IMF Programme, is clearly the way to go. The funders’ single-mindedness on this point will help overcome hesitation and accelerate the making of hard choices.