In pursuance of the announcement made in the Statement on Developmental and Regulatory Policies dated April 08, 2026, the Reserve Bank of India today placed on its website a draft circular on Reserve Bank of India (Trade Receivables Discounting System) Directions, 2026. Comments / feedback on the draft Circular are invited from public by May 01, 2026. Background and objective 2. With a view to rationalise and harmonise applicable guidelines on Trade Receivables Discounting System (TReDS), a comprehensive review was undertaken. Accordingly, it has been decided to publish draft Master Direction. The draft directions inter-alia - -
Streamline capital requirements for authorised entities with that of other non-bank PSOs. -
Simplify onboarding process for MSME sellers. -
Permit financiers to avail credit guarantee cover for exposures undertaken on TReDS. Draft Directions |