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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  

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