Mumbai: Dena Bank has started discounting invoices of MSMEs on TReDS platform from 05.02.2018.
Earlier, Dena Bank was registered with RXIL (Receivable Exchange of India Ltd) as a TReDS (Trade Receivable Discounting System) partner for discounting invoice of MSMEs on digital platform.
On October 24, 2017, Hon’ble Finance Minister, Govt. of India, has mandated all major PSUs to get registered on TReDS platform to shorten cash cycles of MSMEs.
TReDS allows MSMEs to post their receivables on the system and get them financed at competitive rates as per online bidding process. This will not only give them greater access to finance but will also put greater discipline on corporate to pay their dues on time.
Your email address will not be published. Required fields are marked *
Notify me of follow-up comments by email.
Notify me of new posts by email.
Sign me up for the newsletter!
‘Bhimthadi Jatra- 13th Edition of Pune’s Largest Rural Carnival!
DECCAN HEALTH CARE LIMITED BSE SME IPO TO OPEN ON DECEMBER 18, 2018 WITH PRICE BAND OF RS. 95 TO RS. 100 PER EQUITY SHARE OF FACE VALUE OF RS. 10 EACH
UPDATE ON YES BANK BOARD MATTERS
Venus Worldwide Entertainment Presents Jeeye To Jeeye Kaise Bin Aap Ke
INDIA SUPERBIKE FESTIVAL, PUNE CONCLUDES SUCCESFULLY OVER AN EXCITING 3 DAY EVENT
2014 The Global Indian New Network (TGINN)