ICICI Bank Carries Out Maiden Bill Discounting On RXIL

Mumbai: Largest private sector lender ICICI Bank on Tuesday said it has carried out the country's first digitised invoice discounting on the Receivables Exchange of India (RXIL), in which it is an investor. An invoice raised by Ashoka Drugs and Chemicals for its supplies to Greenlam Laminates was discounted by the bank, it said in a tweet. "The transaction heralds the start of providing convenient access to working capital for micr...