Micro, small and medium enterprises (MSMEs) supplying to top-notch corporates can get their invoices discounted at or close to banks’ benchmark lending rates if they get on to the Trade Receivables Discounting System (TReDS). This is so because financiers — banks and non-banking finance companies…
Tag: RXIL
RBI may review TReDS platform for hindrance-free financing of trade receivables
The Trade Receivables e-Discounting System (TReDS) is likely to be reviewed by the Reserve Bank of India and the government. The system of invoicing has made large companies to be spartan as competitors will identify their MSME suppliers. As TReDS is a transparent system, it is mandatory for comp…