The Trade Receivables Discounting System (TReDS) proposed by the RBI is expected to provide much-needed liquidity to Micro, Small and Medium Enterprises (MSMEs). Lack of adequate working capital has been a major issue for MSMEs. Institutional lenders are typically obsessed with immovable collater…
Tag: Trade Receivables Discounting System (TReDS)
Axis Bank incorporates subsidiary to operate TReDS
Private sector lender Axis Bank said it has incorporated a subsidiary A.Treds Ltd to operate Trade Receivables Discounting System (TReDS), which will help in improving flow of funds to SMEs. In November last year, the RBI had given in-principle approval to three entities to set up TReDs. The othe…
India Aspiration Fund needs to be at par with NIIF
The India Aspiration Fund (IAF), set up to boost the startup ecosystem in the country should be moderated on the lines of NIIF, which funds up to 49 per cent of the capital requirement, head of Bank of Maharashtra said today. “The MSMEs have the equity problem. But a solution has been broug…