RXIL GLOBAL

Yes Bank has become the first Indian bank to execute an export finance transaction on the International Trade Financing Services Platform (ITFS) of RXIL Global IFSC Limited. This strategic partnership allows arranging credit for exporters and import...

MSMEs don’t have deep pockets and so often find themselves in trouble when it comes to realising payments for exports. But a trade platform offers them a way to discount their invoices and get cash in hand almost immediately.

Exim Bank intends to raise around $3.5 billion to $4 billion this year to fund its government-backed business, said Harsha Bangari, MD. The bank's net profit for FY23 soared 110% to INR 1,556 crore ($209 million). It raised resources worth INR 52,15...

Export lender Exim Bank plans to raise $ 3.5 to 4 billion this year to fund its government supported business. The lender reported a 110 percent net profit of Rs 1556 crore for 2022-23 "Our foreign currency resources are mainly used to fund policy b...

The registrations for the 3rd edition of the ET MSME Awards 2022 - a defining platform for rewarding and recognising the top Indian MSMEs have been extended to November 15. Apply now to be recognised among the top Indian MSME under 26 different awar...

The jury members of ET MSME Awards 2022 will feature key leaders and stakeholders of the Indian MSME ecosystem including Dr. Glory Swarupa, Alok Kedia, Mabel Chacko, R Narayan, Rachana Bhusari, and Ketan Gaikwad.

Delayed payments are a critical issue not only affecting MSMEs growth but disrupting the supply chains and denting the economy, but it's not unique to India.

The MPC decided, with a 5 to 1 majority, to continue the accommodative stance as long as necessary to revive and sustain growth on a durable basis and continue to mitigate the impact of COVID-19 on the economy.

At the heart of the problem is the pace at which CPSEs approve invoices, said Sundeep Mohindru, the chief executive officer of M1Xchange, a TReDS platform. These companies often take 45-60 days to approve invoices. By this time, the CPSEs also usual...

The Centre is seeking to cut through swathes of bureaucracy and speed up bill payments by getting its departments to compulsorily adopt the Trade Receivable Discounting System or TReDS. For the government, quick vendor payments should enhance compet...

The bottom of India Inc’s food chain — the MSMEs — feel the sting of late payments the most.

In just three months of operations, Invoicemart, the Axis Bank-backed TReDS platform, has so far discounted invoices worth Rs 130 crore while M1 Exchange, promoted by Mynd Solutions, has discounted Rs 75 crore worth of invoices.