MP High Court: Estranged Husband Entitled to Loss of Consortium Compensation After Wife’s Death  ||  J&K & Ladakh HC: Claims under Roshni Act Void Ab Initio, Ownership Rights Null from Inception  ||  Madras High Court Directs Expedited Trials in 216 Pending Criminal Cases Against MPs and MLAs  ||  MP High Court: Allowing Minor to Drive Without Valid License Constitutes Breach of Insurance Policy  ||  Punjab & Haryana High Court: Cyber Fraud Cases Uphold Public Trust, Cannot Be Quashed by Compromise  ||  SC: Customer-Banker Relationship Based on Mutual Trust, Postmaster’s Reinstatement Quashed  ||  Supreme Court: Company Buying Software for Efficiency and Profit Is Not a ‘Consumer’ under CPA  ||  SC: Long Custody or Trial Delay Not Ground for Bail in Commercial Narcotic Cases if S.37 Unmet  ||  Calcutta HC Disqualifies Politician Mukul Roy from Assembly under Anti-Defection Law  ||  Supreme Court Bans Mining in and Around National Parks and Wildlife Sanctuaries    

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 2025 - All Rights Reserved