BSE-owned IT solutions provider BSE Technologies (BSE Tech) said it received in-principle approval from the Reserve Bank of India (RBI) for setting up and running Trade Receivables Discounting System (TReDS) to help MSMEs manage their working capital through the TReDS platform. This announcement comes after in July this year, the Parliament had passed the Factoring Regulation (Amendment) Bill to help MSMEs tide over their delayed payments issue.
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Posted on Oct 8, 2021 Region: India
BSE tech, invoice finance, TReDS BSE tech, invoice finance, TReDS
