The participation of PSU banks on M1Xchange (TReDS platform) has been
forthcoming. In their role towards growing MSME finance, PSU banks have
registered themselves on M1Xchange and started bidding to finance
receivables of MSMEs.
Both the Department of Financial services and Reserve Bank of India have been providing M1Xchange a lot of support, by simplifying the connected processes of the exchange and directing PSU banks and PSU corporates to carry out transactions on it. As of today, 15 financiers (including PSU banks mentioned above) are already onboard, while many other banks are in active discussion for on-boarding.
M1Xchange has been recognised as the Digital Solution of the Year 2017 at the IT Express Awards by Shri Amitabh Kant, CEO, Niti Ayog.
Press Article Reference:
https://www.m1xchange.com/news-dqchannels.php
https://www.dqchannels.com/psu-banks-participation-treds-m1xchange/
Both the Department of Financial services and Reserve Bank of India have been providing M1Xchange a lot of support, by simplifying the connected processes of the exchange and directing PSU banks and PSU corporates to carry out transactions on it. As of today, 15 financiers (including PSU banks mentioned above) are already onboard, while many other banks are in active discussion for on-boarding.
M1Xchange has been recognised as the Digital Solution of the Year 2017 at the IT Express Awards by Shri Amitabh Kant, CEO, Niti Ayog.
Mynd Solutions' M1xchange wins the "Digital Solution of the Year" title at the Express IT Awards 2017.— M1xchange (@M1xchange) December 8, 2017
Thank You for your valuable support and your continued faith in us!
Read more at https://t.co/rWCU8B93C6 pic.twitter.com/PA3eI78edk
Press Article Reference:
https://www.m1xchange.com/news-dqchannels.php
https://www.dqchannels.com/psu-banks-participation-treds-m1xchange/
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