Page 244 - DCOM304_INDIAN_FINANCIAL_SYSTEM

Unit 11: Leasing and Factoring

Answers to Self Assessment Notes

1. Transfer
2. Unavailable
3. Lessee

4. law of contract
5. same
6. default
7. without recourse
8. unconditional

9. confidential
10. collect
11. forfeit'

12. Factoring
11.14 Further Readings

Books Charles W.L. Hill, International Business, Tata McGraw Hill Co. Ltd., New Delhi
Thakur, Burton & Srivastava, International Management, Tata McGraw Hill Co.
Ltd., New Delhi

Sharan V., International Financial Management, Prentice Hall of India, New Delhi

Online links www.forfeiting.com
www.forfeiting.com

www.languages.ind.in



Case Study PNB Enters Factoring Business

Picks up 30% stake in IFFSL; to focus on SMEs initially.
Punjab National Bank (PNB) has forayed into factoring business through the joint venture
route. The joint venture company, India Factoring & Finance Solutions Pvt Ltd (IFFSL), on
Wednesday commenced commercial operations simultaneously in New Delhi, Mumbai
and Chennai.
To begin with, IFFSL will focus on domestic factoring and provide this financing solution
primarily to small and medium enterprises (SMEs) and small-scale industries, PNB
Chairman and Managing Director, Mr K. R. Kamath, said.
Contd...

LOVELY PROFESSIONAL UNIVERSITY 239