TREDS
Liquidity unlocked, access denied: With rating rules, how TReDS leaves most MSMEs behind
Despite the government’s TReDS push, experts say the RBI’s move to ease onboarding lacks clarity as credit ratings continue to be a key bottleneck, limiting MSME participation.
TReDS tweak to ease MSME credit flow amid global pressure
Banks are set to boost credit flow to MSMEs as regulators ease onboarding for the Trade Receivables Discounting System (TReDS). This move aims to improve liquidity and working capital efficiency for small businesses facing global economic strains. Revised guidelines and government mandates further support this shift towards dynamic, cash flow-based financing, crucial for timely payments and business growth.
RBI monetary policy: Currency forward curbs temporary, says Sanjay Malhotra
"These measures are not in any sense signalling any structural change. We stand committed to the development, broadening and deepening of these markets and the internationalisation of rupee. So, obviously these measures are not going to remain there forever," governor Sanjay Malhotra said.
Venu Srinivasan backs listing of Tata Sons
The Reserve Bank of India is expected to issue a revised circular on upper-layer NBFCs soon. The RBI's scale-based regulation (SBR) framework for NBFCs is under review. Officials have suggested that Tata Sons may not receive the RBI exemption it has sought from the upper-layer classification to avoid listing.
RBI monetary policy: Call below repo to comfort banks
"Our attempt, of course, is to keep the WACR as near as possible to the policy rate. However, in times like this when there is so much uncertainty, we want to give comfort to banks that liquidity will not be in deficit. So that's why we have allowed WACR to be at the lower end of the LAF corridor," RBI governor Sanjay Malhotra said in his post-policy press conference.
Bankers welcome RBI’s calibrated stance, regulatory steps
Bankers have praised the Reserve Bank's decision to maintain current interest rates. This move, alongside specific industry adjustments, is seen as a wise and balanced step. These actions are expected to bolster banks' financial strength and encourage consistent credit expansion. The central bank's focus on macroeconomic stability amid global uncertainties is also noted.
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RBI to simplify onboarding process for MSMEs on TReDS
The Reserve Bank of India is proposing to remove due diligence requirements for MSMEs to join TReDS platforms. This move aims to simplify business operations for micro, small, and medium enterprises. TReDS facilitates financing of trade receivables through a digital network.
RBI holds repo rate, warns of impact of West Asia conflict on economy
The Reserve Bank of India maintained its key interest rate and neutral stance, citing geopolitical risks from the West Asian conflict. While growth forecasts for FY27 were lowered and inflation projections raised, the RBI emphasized the potential impact on oil prices, agriculture, and global liquidity. The central bank aims to balance inflation control with economic growth.
CII's 20-Point Policy Agenda calls for coordinated fiscal, financial and trade response to West Asia crisis
Confederation of Indian Industry praises government and RBI for swift actions amid West Asia conflict. CII proposes a detailed plan to support industries, especially MSMEs. Recommendations include credit lines, moratoriums, and trade cost management. The agenda aims to bolster resilience and ensure India's economic stability against external shocks.
India’s ‘thin-file’ SMEs need smarter risk models, not more paperwork: Rubix Data Sciences’ Mohan Ramaswamy
Alternative data and benchmarking are helping lenders assess companies with limited disclosures, says Mohan Ramaswamy, Founder and CEO, Rubix Data Sciences
ET MSME Awards 2025 closes on a high with strong industry and global participation
From policy vision to global collaboration, the grand felicitation ceremony of India’s biggest MSME awards underscored the rising confidence, capability, and international relevance of India’s MSME ecosystem.
Why can’t some MSMEs scale if policy is on their side? The ET MSME Awards 2025 had answers
At the Awards’ grand felicitation ceremony, industry voices debated whether India's MSME ecosystem is ready to scale or whether structural barriers hold it back.
ET MSME Awards 2025: Execution push, credit flow, and formalisation define the next phase of MSME growth
Amid global uncertainty, MSMEs emerge as India’s growth stabiliser: this was the consensus in the opening segment of the The Economic Times MSME Awards 2025. Speakers spotlighted the role of policy execution, improved credit flow, and structural reforms in enabling MSMEs to scale and strengthen India’s growth momentum.
Bank-NBFC co-lending pacts may be expanded to aid MSMEs
A parliamentary panel suggests boosting bank and NBFC co-lending to help MSMEs access cheaper credit. It also proposes listing profitable regional rural banks and reinforcing state-run general insurers. The committee highlighted a significant credit gap for small businesses and a decline in insurance penetration. Recommendations include developing climate risk insurance and using business correspondents to reach rural areas.
India's $2 trillion export dream has a paperwork problem
Digital-first exporters are powering India’s trade ambitions, but compliance delays and documentation gaps continue to hinder their progress. New-age cross-border platforms are stepping in to streamline processes and close the gaps.
M1xchange crosses Rs 1 lakh crore annual throughput in 10 months
M1xchange, a digital trade finance platform, has processed over Rs 1 lakh crore in annual throughput for FY25-26. This surge is driven by widespread MSME adoption across India, facilitating easier access to liquidity.
Budget 2026: TReDS-anchored liquidity to drive structural shift in MSME working capital access, say stakeholders
The Budget’s push to SMEs through equity support and TReDS-anchored liquidity signals a structural shift in MSME working capital access, say stakeholders.
Budget 2026: Treds platform gets a boost; govt enterprises to compulsorily use the network
Industry insiders said this has the potential of unlocking $60 billion worth of transactions flowing through the platform. The current volumes on Treds hover around $4 billion, they said.
Budget 2026: FM Sitharaman unveils Rs 10,000 crore SME Growth Fund to nurture future champions
Sitharaman also said that TReDS could serve as a pricing benchmark for corporations.
Rs 25 lakh crore MSME credit gap: TReDS has sparked hope for small businesses, but what’s holding it back?
TReDS has supported MSME credit access, but substantial expansion is needed to enhance its reach and effectiveness, say experts.
TReDS is financial lifeline for MSMEs, remedy for problem of late payments: Sundeep Mohindru, M1xchange
TReDS has ensured that MSMEs can get working capital easily and that too at competitive interest rates.
RBI opens TReDS for all players in factoring, insurers
The regulator also allowed taking insurance cover for invoicing facilities on the TReDS platform which would aid financiers to hedge default risks.
More non-banks, MSMEs likely to tap TReDS platform
Trade Receivables and Discounting System (TReDS) is an electronic bill discounting platform regulated by RBI and endorsed by the central government to provide MSME 'suppliers' of corporate 'buyers' instant payments for future receivables to prevent delay in payouts for cash-strapped small businesses.
RBI proposes to expand scope of TReDS to improve cash flows for MSMEs
The Reserve Bank introduced TReDS in 2014 to facilitate financials of trade receivables of the MSMEs.
Reserve Bank of India to expand scope of TReDS for better cashflow to MSMEs
RBI MPC Meet: Insurance facility will now be permitted on TReDS. This will encourage financing/discounting of payables of buyers irrespective of their credit ratings. Accordingly, insurance companies will be permitted to participate as a “fourth participant” on TReDS, apart from the MSME sellers, buyers and financiers
TReDs was touted as the tool to tackle delayed payments to MSMEs. Did it succeed?
TReDS was supposed to be a game changer-a platform that could sort out the issue of delayed payments for MSMEs. Almost five years later, the achievements may have fallen short.
Sidbi extends validity of SCRF to facilitate free onboarding on TReDS
A total of 6,545 MSMEs have been given free onboarding facility on TReDS through RXIL, M1xchange and Invoicemart so far.
Most CPSEs yet to use TReDS to pay vendors
Only 32 of the 255 central public sector enterprises (CPSEs) mandated by New Delhi to settle vendor dues on TReDS have made even a single transaction on the platform since it was introduced in 2017, documents accessed by ET showed.
The big owe: How do you fix Rs 5-lakh crore in dues? Strengthen TReDS
To tackle the humongous level of unpaid dues, the Trade Receivable Discounting System (TReDS), an online bill discounting platform, was meant to be the answer. Six years after its launch, the platform may have come up woefully short.
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