RBI releases Names of Applicants of Trade Receivables Discounting System (TReDS)

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Published on March 25, 2015

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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

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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)