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PAYMENT AND SETTLEMENT SYSTEMS

Payment and settlement systems play an important role in improving overall economic efficiency. They consist of all the diverse arrangements that we use to systematically transfer money-currency, paper instruments such as cheques, and various electronic channels.

Press Release


PDF document (385 kb)
Date : Mar 25, 2015
RBI releases Names of Applicants of Trade Receivables Discounting System (TReDS)

The Reserve Bank of India today released the names of applicants who have applied for setting up Trade Receivables Discounting System (TReDS). These are:

Sr.No. Name of the entity
1. NSE Strategic Investment Corporation Limited (NSIC) and Small Industries Development Bank of India (SIDBI), Mumbai
2. Trade Receivables Exchange (Group of Banking Professionals), Mumbai
3. Axis Bank Limited, Mumbai
4. Mynd Solutions Pvt. Ltd., Gurgaon, Haryana
5. DICIC Bank of India, Kolkata, West Bengal
6. NSDL Database Management Limited (NDML), Mumbai
7. Trade Receivables Exchange (T-REX), Mumbai

It may be recalled that the Reserve Bank of India had invited applications for setting up of and operating the Trade Receivables Discounting System (TReDS). The last date for receiving applications was February 13, 2015 which was extended up to March 9, 2015.

Ajit Prasad
Assistant General Manager

Press Release: 2014-2015/2014

Related Press Releases
Feb 06, 2015 RBI extends Last Date for Receipt of Applications for setting up of and operating TReDS
Dec 03, 2014 RBI releases Guidelines for setting up of and operating TReDS
Jul 22, 2014 RBI Seeks Comments on Draft Guidelines for setting up of and operating Trade Receivables Discounting System (TReDS)

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