RXIL gets RBI nod for 1st trade receivables exchange platform

The Reserve Bank of India (RBI) has authorised the Receivables Exchange of India (RXIL), promoted by Sidbi and NSE, to launch the country’s first trade receivables exchange platform for MSMEs, buyers and financiers.

Promoted by Sidbi, the apex financial institution for the promotion and financing of MSMEs and the National Stock Exchange (NSE), RXIL has SBI, ICICI Bank, Yes Bank, SBI Caps, and ICIC Securities as other investors.

Source – The Hindu

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