The Receivables Exchange of India (RXIL) announced that Hindustan Aeronautics (HAL) has become the first public sector enterprise to make a transaction on the “TReDS platform”.
According to the NSE-SIDBI joint venture, TReDS is an online electronic institutional mechanism for facilitating the financing of trade receivables of micro, small and medium enterprises (MSME) through multiple financiers.
Source- Business Standard
Static/Current Takeaways Important for Indian Bank PO Exam 2018-
- RXIL is a TReDS platform operating since January 2017 and is promoted by the National Stock Exchange, Small Industries Development Bank of India, State Bank of India, ICICI Bank and Yes Bank.