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PSU Banks Participation on TReDS – M1xchange

by TReDS Guide Trade Receivables Discounting System
The participation of PSU banks on M1Xchange (TReDS platform) has been forthcoming. In their role towards growing MSME finance, PSU banks have registered themselves on M1Xchange and started bidding to finance receivables of MSMEs.

Both the Department of Financial services and Reserve Bank of India have been providing M1Xchange a lot of support, by simplifying the connected processes of the exchange and directing PSU banks and PSU corporates to carry out transactions on it. As of today, 15 financiers (including PSU banks mentioned above) are already onboard, while many other banks are in active discussion for on-boarding.
M1Xchange has been recognised as the Digital Solution of the Year 2017 at the IT Express Awards by Shri Amitabh Kant, CEO, Niti Ayog.

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About TReDS Guide Junior   Trade Receivables Discounting System

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Created on Sep 4th 2019 00:55. Viewed 293 times.

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