Axis Bank Incorporates Subsidiary To Operate Trade Receivables Discounting System

New Delhi: Axis Bank on Tuesday said it has incorporated a subsidiary - A.Treds Ltd - to operate a Trade Receivables Discounting System (TReDS), which will help in improving flow of funds to SMEs (small and medium-sized enterprises). In November last year, the Reserve Bank of India had given in-principle approval to three entities to set up TReDs. The other two entities are Mynd Solutions (Gurgaon) and NSE Strategic Investment Corpo...