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Poonawalla Fincorp receives RBI approval to commence factoring business

Poonawalla Fincorp Limited (Poonawalla Fincorp) has received approval from the Reserve Bank of India (RBI) to commence factoring business operations. The approval was granted by the RBI vide its letter dated January 30, 2026, which was received by the company...

#factoring

Janata Sahakari Bank to modernise trade finance with TCS...

Janata Sahakari Bank Pune (JSBL), one of India’s established cooperative banks operating across 71 branches in Maharashtra and Gujarat, has…

#trade finance


LoanTap raises INR 74 crore to accelerate MSME invoice...

LoanTap, a digital lending platform focused on supply chain and invoice financing, has raised INR 74 crore (approx. US$8.9m) in…

#supply chain finance


UBI joins C2TReDS platform to boost MSME supply chain...

Union Bank of India (UBI) has signed a Master Financier Agreement with C2FO Factoring Solution Private Limited to participate in…

#supply chain finance


Mandatory TReDS settlement proposed for CPSEs in India

In the Union Budget for FY27, the Centre proposed mandating the Trade Receivables Discounting System (TReDS) as the transaction settlement…

#invoice finance


RXIL declares interim dividend, a first for India’s TReDS...

Receivables Exchange of India Ltd (RXIL), India’s first Trade Receivables Discounting System (TReDS) platform, has announced an interim dividend of…

#invoice discounting


IFC invests US$166m to support Sri Lankan businesses

Reinforcing its longstanding commitment to Sri Lanka’s private sector, the International Finance Corporation (IFC), a member of the World Bank…

#trade finance


HKMA unveils plan to modernise Hong Kong’s trade finance...

The Hong Kong Monetary Authority (HKMA) has released a road map outlining 20 measures to be implemented over the next…

#trade finance


SC Finserv secures RBI certification to launch factoring business

SC Finserv  has received formal approval from the Reserve Bank of India (RBI) to commence factoring business activities, marking a…

#factoring


Yue Da International to scale factoring operations with new...

Yue Da International Holdings Limited has announced that its wholly owned subsidiary, Yueda Commercial Factoring, has entered into a new…

#factoring


CredAble and Citi announce a global tech partnership to...

CredAble, a global working capital technology platform, announced a strategic technology partnership with Citi to digitise its trade finance controls…

#trade finance


India launches new export finance schemes for MSMEs

The Government of India has announced two new components under its Export Promotion Mission, committing a combined expenditure of INR…

#export finance

Mynd FinTech launches UFX SCF platform

Mynd FinTech, a subsidiary of M1xchange, has launched UFX (Unified Financing Xperience), a consolidated supply chain finance (SCF) platform for…

#supply chain finance

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