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Bank of Maharashtra partners with M1Xchange TReDS Platform

Published on April 21, 2019
Bank of Maharashtra (BoM) partnered with M1Xchange Trade Receivables Discounting System (TReDS) platform for MSME bill discounting.
Bank of Maharashtra partners with M1Xchange TReDS Platform

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
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