Bank of Maharashtra partners with M1Xchange TReDS Platform

Bank of Maharashtra (BoM) partnered with M1Xchange Trade Receivables Discounting System (TReDS) platform for MSME bill discounting.

What is TReDS?

• TReDS is a digital platform to support micro, small and medium enterprises (MSMEs) to get their bills financed at a competitive rate through an auction where multiple registered financiers can participate.

One must know:

• Mynd Solutions is a technology management firm which runs the TReDS platform of M1Xchange.

About Bank of Maharashtra:

• Bank of Maharashtra is headquatered in Pune and was founded in 1935.
• Its CEO is A. S. Rajeev.

Question:

Q. Which PSB partnered with M1Xchange Trade Receivables Discounting System (TReDS) platform for MSME bill discounting?
a. Bank of Baroda
b. Bank of India
c. Bank of Maharashtra
d. Canara Bank