KredX secures licence from RBI to operate as a TReDS platformKredX is the fifth company to secure this licence from the central bank. The other four are: Receivables Exchange of India (RXIL), M1 Excha...
RBI's platform bridges India’s $600 billion gap for smaller firmsIndian engineering firm BTL EPC Ltd has seen revenues double and reduced funding costs by 2.5 percentage points through the RBI-backed Trad...
Yes Bank becomes first Indian bank to conduct export finance transaction on RXIL’s ITFS platformYes Bank has become the first Indian bank to execute an export finance transaction on the International Trade Financing Services Platform (...
RXIL Global to help MSMEs get early payment on export invoices through ITFSMSMEs don’t have deep pockets and so often find themselves in trouble when it comes to realising payments for exports. But a trade platform...
Exim Bank to raise up to $4 billion this yearExim Bank intends to raise around $3.5 billion to $4 billion this year to fund its government-backed business, said Harsha Bangari, MD. The...
Exim Bank to raise upto dollar 4 billion this yearExport lender Exim Bank plans to raise $ 3.5 to 4 billion this year to fund its government supported business. The lender reported a 110 pe...
From Rachana Bhusari, R Narayan to Dr Glory Swarupa, Mabel Chacko & more, meet the jury of ET MSME Awards 2022The jury members of ET MSME Awards 2022 will feature key leaders and stakeholders of the Indian MSME ecosystem including Dr. Glory Swarupa,...
Unpaid dues: How state governments could effectively aid MSME through invoice discountingSmall ticket sizes, lack of credit history, and insufficient collateral to raise funds from the traditional banking system are the primary ...
Jana Small Finance Bank ties up with three TReDS platforms to help SMEsThe Trade Receivables Discounting System (TReDS) has been set up by RBI in order to resolve the credit challenges faced by the MSME supplie...
Auto companies warm up to invoice discounting to boost suppliers’ cash flowUnder invoice discounting, a lender settles the claims of a supplier upon the receipt of goods by the buyer and the buyer then repays the l...
RXIL becomes first TReDS platform to cross monthly throughput of Rs 1,000 crLaunched in 2016, RXIL, a joint venture between the Small Industries Development Bank of India (SIDBI) and the National Stock Exchange of I...
Sidbi extends validity of SCRF to facilitate free onboarding on TReDSA total of 6,545 MSMEs have been given free onboarding facility on TReDS through RXIL, M1xchange and Invoicemart so far.
Sebi fines NSE Rs 6 crore for buying stakes in CAMS, others without its approvalThe country's largest stock exchange has invested in companies including Power Exchange India (PXIL), Computer Age Management Systems (CAMS...
Sebi fines NSE Rs 6-cr for acquiring stakes in CAMS, PXIL, 4 others without approvalSecurities and Exchange Board of India (Sebi) conducted an examination to ascertain whether the National Stock Exchange (NSE) violated the ...
Government asks top PSUs to bring vendor network on TReDSHindustan Aeronautics, ONGC and Indian Oil are among scores of firms that have been told by the Department of Public Enterprises to ‘regist...
SIDBI chairman hails government support for MSMEs“This was a long pending demand of MSMEs. SIDBI's TReDS platform RXIL is geared to leverage the potential created by this announcement,” SI...
Yes Bank gains 2% after taking minority stake in RXILRXIL is a joint venture company set up by NSE Strategic Investment Corporation and Small Industries Development Bank of India (SIDBI).