Trade Receivable Discounting System (TreDS) Current Affairs, GK & News
What is RXIL?
RXIL is Receivables Exchange of India. Recently RXIL has become the first TReDS platform to cross monthly throughput of Rs 1000 crores. The transaction volume in the platform grew from Rs 69 crores in April 2020 to Rs 1,105 crores in March 2021. This shows economic recovery in the country. Also, it shows that the ..
Month: Current Affairs - April, 2021
Category: Economy & Banking Current Affairs
Topics: RBI • Reserve Bank of India • RXIL • Trade Receivable Discounting System (TreDS) • TReDS Platform
GeM partners with UCO Bank and Bank of Maharashtra
The Government e-Marketplace(GeM) has signed two Memorandum of Understanding(MoUs) with the public sector banks, Bank of Maharashtra and UCO bank on Monday, 16th December 2019. Under the MoU, a number of services including transfer of funds through GeM Pool Account(GPA), Earnest Money Deposit(EMD) and advising of Performance Bank Guarantees(e-PBG) will be provided to the registered ..
Category: Economy & Banking Current Affairs
Topics: Bank of Maharashtra • GeM • Government e-Marketplace • Memorandum of understanding • Public Sector Banks • Small Industries Development Bank of India(SIDBI) • Trade Receivable Discounting System (TreDS) • UCO Bank