SG Finserve gets RBI nod for factoring business
SG Finserve Limited has received approval from the Reserve Bank of India (RBI) to commence factoring business. The approval, dated December 17, 2025, is subject to certain additional conditions that t...
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Why is SG Finserve Limited in the news today?
SG Finserve Limited (SGFIN) is in the news due to the company has received approval from the rbi to commence a new business line, which is a positive development.
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SG Finserve gets RBI nod for factoring business
December 17, 2025, 01:49 PM
SG Finserve Limited has received approval from the Reserve Bank of India (RBI) to commence factoring business. The approval, dated December 17, 2025, is subject to certain additional conditions that the RBI will communicate to the company separately.
SG Finserve will comply with all communicated conditions and take necessary steps to operationalize the factoring business in line with the applicable regulatory framework. The company has also stated that further disclosures, if required under SEBI Listing Regulations, will be made as and when necessary. This disclosure is also uploaded on the company's website.
The approval enables SG Finserve to undertake factoring business, a new line of business for the company, subject to compliance with the conditions to be provided by the RBI.
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