Invoice Discounting on TReDS

MSME TALK

Episode #15 Invoice Discounting on TReDS Ft. Ketan Gaikwad, MD & CEO Receivables Exchange of India Limited (RXIL).
Welcome back to MSME TALK with Industry Experts. Payment Delays for MSMEs is a huge problem and there are no easy solutions. Government & RBI have been trying to bring some solution since few years. TReDS is one of them. Introduced in 2014 by the RBI under Raghuram Rajan to ease the working capital crisis for MSMEs impacted due to delayed payment issues, TReDS stands for— Trade Receivables Discounting System. It is an institutional mechanism for invoice discounting on a secure digital platform for MSMEs. invoice discounting mechanism for MSMEs.

There are currently 3 TReDS platform in India including RXIL. Invoice discounting on these platforms is almost doubling every year. Together these platforms are estimated to cross 40000 cr Invoice discounting in FY 22 and holds very promising number targets for FY 23.

In this Episode we will know the need of TReDS , how TReDS is benefitting MSME Sellers , Corporate Buyers , and Financers . How does the process happens on TReDS, how the risk is controlled, what’s the future of TReDS. Why it is a must platform for all MSMEs, Corporate Buyers and Financers and lot more in the detailed discussion with non-other than CEO & MD of RXIL Ketan Gaikwad.

Mr. Ketan Gaikwad, the Managing Director and CEO of Receivables Exchange of India Limited (RXIL), is a seasoned banker with a career spanning 29 years in Public as well Private Sector Banks, from Bank of Baroda to Barclays Bank and Standard Chartered Bank.

Receivables Exchange of India Limited (RXIL), is a TReDS platform. It is mandated by RBI as a Joint Venture of Small Industries Development Bank of India (SIDBI) & National Stock Exchange (NSE) along with State Bank of India, ICICI Bank, and Yes Bank being other shareholders. RXIL has more than 10000 MSMEs , 740 Corporate Buyers, 48 Financiers on their platform.

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