RBI plans to bring all NBFCs under TreDS platform

The Reserve Bank of India is planning to incorporate all the NBFCS on the Trade Receivables Discounting System platform. TreDS helps facilitate the discounting of invoices of MSMEs from corporate buyers through multiple financiers. It addresses MSMEs’ critical problems, such as the twin issues of promptly en-cashing receivables and eliminating credit risk.

Anil Kumar Sharma, executive director, RBI, stated that all NBFCs would be allowed on the TreDS platform. The platform can access GST, and other links are available, with all information required by the financial entities.