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Which bank has partnered with M1Xchange Trade Receivables Discounting System (TReDS) platform for MSME bill discounting?
State Bank of India
Bank of Baroda
Bank of Maharashtra
Bank of India
Corporation Bank
• Bank of Maharashtra (BoM) has partnered with M1Xchange Trade Receivables Discounting System (TReDS) platform for MSME bill discounting. • TReDS is a digital platform to support micro, small and medium enterprises (MSMEs) to get their bills financed at a competitive rate through an auction where multiple registered financiers can participate. • In addition to TReDS platform of Receivables Exchange of India Ltd (RXIL) & Invoicemart (A.TREDS Ltd), the bank has now on-boarded as financier on the TReDS platform of M1Xchange of Mynd Solutions
hence option 3 is correct
By: Munesh Kumari ProfileResourcesReport error
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