Question
What was the total value of invoices financed by the
RXIL TReDS platform as of FY24?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. Â
Recently North India’s First Biotech Park has been inaugurated at which of the following places?
Identify the cultural festival on the basis of given clues:
i) This festival brings together craftsmen like potters, embroiderers, weavers, wood ...
Narayan Prasad Saud has been sworn in as the new foreign minister of which country?
How many international matches did Lalit Upadhyay play before retirement?
The Union Minister of Finance & Corporate Affairs, Nirmala Sitharaman has launched two schemes named ‘Tejasvini & Hausala schemes’ f...
Where was the 3rd Indian Analytical Congress (IAC) inaugurated?
India’s first numberless credit card has been launched that will not display any card number, expiry date, or CVV number and allows customers to link ...
Cashfree Payments and _______ have come together to offer ‘Global Collections’, an international collection service for exporters, who are account h...
Who has been named as India’s flag bearer for the Closing Ceremony of the Paris 2024 Olympics, following her outstanding performance at the games?
Which regulatory body awarded Karnataka Vikas Grameena Bank (KVGB) for significant enrolment under the Atal Pension Yojana (APY)?
Relevant for Exams:
