Treds
RBI's 'TReDS' platform bridging $600 bn funding gap for smaller firms
Trade Receivables Discounting System (TReDS) introduced about a decade ago by the Reserve Bank of India has seen the engineering company's cost of funds drop by 2.5 percentage points
 "RBI's 'TReDS' platform bridging $600 bn funding gap for smaller firms")
 "RBI gives in-principle approval to C2FO for operating the TReDS platform in India")
Centre directs 36% of defaulter CPSEs to join TReDS platform
The number of CPSEs registered on the RXIL platform is 110, whereas more than 50 CPSEs have registered on the M1xchange
 "Centre directs 36% of defaulter CPSEs to join TReDS platform")
Govt removes criteria for CPSEs to improve share price over sectoral index
Among other key criteria, the MoU has now assigned 2 marks out of 100 for procurement from GeM portal as percentage of total procurement
 "Govt removes criteria for CPSEs to improve share price over sectoral index")
Four platforms get IFSCA licence for factoring business at Gift City
These in-principle licences were issued by the IFSCA last Friday to start working through sandbox facilities before formal business
 "Four platforms get IFSCA licence for factoring business at Gift City")
Explained: How push for factoring could benefit the MSME sector
In simple terms, factoring is acquiring bills receivables from MSMEs and releasing money, or giving short-term loans, against these bills to the MSMEs
 "Explained: How push for factoring could benefit the MSME sector")
Budget's much-needed leg-up for small units: CRISIL SME Tracker
An evaluation of 13,000 MSMEs using the CRISIL Quantix database shows that working capital comprises over half of their need for debt
 "Budget's much-needed leg-up for small units: CRISIL SME Tracker")
TReDS: How the system meant to help MSMEs get capital works
The RBI has allowed three players to launch the Trade Receivables Discounting System
 "TReDS: How the system meant to help MSMEs get capital works")
