THE HINDU BoM joins M1Xchange TReDS platform

CONTEXT:

  • Bank of Maharashtra (BoM) partnered with M1Xchange Trade Receivables Discounting System (TReDS) platform for MSME bill discounting.

BACKGROUND:

  • 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.
  • TReDS platform facilitates a smooth flow of liquidity.
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