Gujarat HC Grants Bail to Marriage Bureau Owner, Finds No Link to Alleged ‘Looteri Dulhan’ Gang  ||  Calcutta HC: Minor’s Consent has No Mitigating Effect in POCSO Sexual Assault Cases  ||  Orissa HC Commutes Death Sentence, Says Emotion Cannot Override Established Law  ||  Calcutta HC: Street Vendors Act Protects Lawful Vending, Not Illegal Encroachments  ||  P&H HC: Courts Cannot Reveal Identities of Children in Conflict With Law in Court Records  ||  Bombay HC: Government Cannot Fix ‘Politically Convenient’ Election Dates sets Goa Poll Timeline  ||  SC: Major Port Trusts Liable for Customs Duty on Pilfered Goods under Customs Act  ||  Supreme Court: General Fraud Allegations Cannot Extend Limitation under Section 74 CGST Act  ||  SC: ‘No Coercive Steps’ Order Cannot Restrain Filing of Charge Sheet  ||  Chhattisgarh HC: Maintenance for Autistic Child May Continue Beyond 18 Until Self-Sufficient    

RBI grants ‘in-principle’ approval to three applicants for setting up TReDS- (Reserve Bank of India) (24 Nov 2015)

MANU/RPRL/0213/2015

Banking

The Reserve Bank of India has granted ‘in-principle’ approval to NSE Strategic Investment Corporation, Axis Bank and Mynd Solutions to set up and operate the Trade Receivables Discounting System. The RBI had released Guidelines for setting up and operating TReDS in 3 December, 2014, with the aim of increasing the flow of funds to the Micro, Small and Medium Enterprises.

Tags : TRADE RECEIVABLES   MSME   APPLICANTS   APPROVAL  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved