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    Question

    What was the total value of invoices financed by the

    RXIL TReDS platform as of FY24?
    A INR 500 billion Correct Answer Incorrect Answer
    B INR 1 trillion Correct Answer Incorrect Answer
    C INR 750 billion Correct Answer Incorrect Answer
    D INR 1.5 trillion Correct Answer Incorrect Answer
    E INR 2 trillion Correct Answer Incorrect Answer

    Solution

        The Trade Receivables Discounting System ( TReDS ) platform, the Receivables Exchange of India Ltd (RXIL), has financed over 50 lakh invoices totaling ₹1 lakh crore. The joint venture between SIDBI, NSE, State Bank of India, ICICI Bank, and YES Bank, provides working capital solutions for MSMEs by facilitating invoice financing on the platform. In FY24, RXIL saw monthly invoice financing volumes grow to over ₹6,000 crore. The platform is now targetting financing for ₹75,000 crore worth of invoices in FY25.   

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