Receivables Exchange of India Ltd RXIL was incorporated on 25th February 2016 as a joint venture bet...........

Current GK (SBI-PO) Banking Awareness

Receivables Exchange of India Ltd (RXIL) was incorporated on 25th February 2016 as a joint venture between National Stock Exchange of India Limited (NSE) and ________.

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Explanation:

• Reserve Bank of India has on December 1, 2016 authorised Receivables Exchange of India Limited (RXIL) to launch India’s first trade receivables exchange platform - an online market place for MSMEs, Buyers and Financiers.
• RXIL has been promoted by SIDBI, the apex financial institution for promotion and financing of MSMEs in India and National Stock Exchange of India Limited (NSE) the premier stock exchange in India.