CleanupBot (talk | contribs) m clean up, added orphan, uncategorised, deadend tags |
|||
| Line 1: | Line 1: | ||
Receivables Exchange of India Ltd (RXIL) is a Joint Venture(JV) between the National Stock Exchange of India Limited (NSE)and the Small Industries Development Bank of India (SIDBI)<ref>https://www.jagranjosh.com/current-affairs/rxil-becomes-first-treds-platform-to-cross-rs-1000-monthly-throughput-what-is-rxil-explained-1617782756-1</ref><ref>https://yourstory.com/smbstory/msme-small-business-invoice-discounting-treds-rxil</ref> | {{Multiple issues| | ||
{{Dead end|date=October 2023}} | |||
{{Orphan|date=October 2023}} | |||
}} | |||
'''Receivables Exchange of India''' Ltd (RXIL) is a Joint Venture(JV) between the National Stock Exchange of India Limited (NSE)and the Small Industries Development Bank of India (SIDBI)<ref>https://www.jagranjosh.com/current-affairs/rxil-becomes-first-treds-platform-to-cross-rs-1000-monthly-throughput-what-is-rxil-explained-1617782756-1</ref><ref>https://yourstory.com/smbstory/msme-small-business-invoice-discounting-treds-rxil</ref> | |||
==History== | ==History== | ||
MSMEs in India face various hurdles in converting their trade receivables into liquid funds. | MSMEs in India face various hurdles in converting their trade receivables into liquid funds. | ||
In 2015, RBI approved SIDBI and NSICL for setting up and operating TReDS in adherence to the guidelines under the Payment and Settlement System Act, 2007. Receivables Exchange of India Ltd (RXIL) was incorporated in 2016 as a joint venture between the National Stock Exchange of India Limited (NSE)and the Small Industries Development Bank of India (SIDBI), the apex financial institution for promotion and financing of MSMEs in India along with ICICI Bank, Yes Bank, and State Bank as other stakeholders. | In 2015, RBI approved SIDBI and NSICL for setting up and operating TReDS in adherence to the guidelines under the Payment and Settlement System Act, 2007. Receivables Exchange of India Ltd (RXIL) was incorporated in 2016 as a joint venture between the National Stock Exchange of India Limited (NSE)and the Small Industries Development Bank of India (SIDBI), the apex financial institution for promotion and financing of MSMEs in India along with ICICI Bank, Yes Bank, and State Bank as other stakeholders. | ||
==Functioning == | ==Functioning == | ||
Receivables Exchange of India Ltd (RXIL) is an RBI accredited Trade Receivables Discounting System(TReDS) platform that enables financing and discounting of trade receivables of MSMEs through several financiers. | Receivables Exchange of India Ltd (RXIL) is an RBI accredited Trade Receivables Discounting System(TReDS) platform that enables financing and discounting of trade receivables of MSMEs through several financiers. | ||
It is an electronic platform that enables the financing and discounting of trade receivables of MSMEs from corporate and other buyers, including Government departments and Public Sector Undertakings (PSUs), through several financiers. | It is an electronic platform that enables the financing and discounting of trade receivables of MSMEs from corporate and other buyers, including Government departments and Public Sector Undertakings (PSUs), through several financiers. | ||
| Line 17: | Line 22: | ||
== References == | == References == | ||
{{Reflist}} | {{Reflist}} | ||
{{Uncategorized|date=October 2023}} | |||
Latest revision as of 20:45, 7 October 2023
 | This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these template messages)
|
Receivables Exchange of India Ltd (RXIL) is a Joint Venture(JV) between the National Stock Exchange of India Limited (NSE)and the Small Industries Development Bank of India (SIDBI)[1][2]
History[edit | edit source]
MSMEs in India face various hurdles in converting their trade receivables into liquid funds.
In 2015, RBI approved SIDBI and NSICL for setting up and operating TReDS in adherence to the guidelines under the Payment and Settlement System Act, 2007. Receivables Exchange of India Ltd (RXIL) was incorporated in 2016 as a joint venture between the National Stock Exchange of India Limited (NSE)and the Small Industries Development Bank of India (SIDBI), the apex financial institution for promotion and financing of MSMEs in India along with ICICI Bank, Yes Bank, and State Bank as other stakeholders.
Functioning[edit | edit source]
Receivables Exchange of India Ltd (RXIL) is an RBI accredited Trade Receivables Discounting System(TReDS) platform that enables financing and discounting of trade receivables of MSMEs through several financiers.
It is an electronic platform that enables the financing and discounting of trade receivables of MSMEs from corporate and other buyers, including Government departments and Public Sector Undertakings (PSUs), through several financiers.
Financials[edit | edit source]
Receivables Exchange of India Ltd (RXIL), said it recorded the highest monthly transaction volume of more than ₹1,000 crore in March in terms of discounting invoices of micro, small and medium enterprises (MSMEs). [3]
References[edit | edit source]
- ↑ https://www.jagranjosh.com/current-affairs/rxil-becomes-first-treds-platform-to-cross-rs-1000-monthly-throughput-what-is-rxil-explained-1617782756-1
- ↑ https://yourstory.com/smbstory/msme-small-business-invoice-discounting-treds-rxil
- ↑ https://www.thehindubusinessline.com/money-and-banking/at-1000-cr-rxil-records-highest-monthly-transaction-volume-in-march/article34253130.ece
 | This article does not have any categories. Please add a category so that it will be placed in a dynamic list with other articles like it. (October 2023) |