Jan 15, 2020
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Total sales of Ross Stores, a US-based chain of discount department stores, for fiscal 2021 grew 18 per cent to $18.9 billion, up from $16.0
Success rate for discounting MSME receivables on TReDS improved in FY21: RBI
Success rate for discounting MSME receivables on TReDS improved in FY21: RBI
The success rate of the Trade Receivables Discounting System (TReDS) for financing trade receivables of micro, small and medium enterprises (MSMEs) improved in FY21, with 91.29 per cent of the invoices uploaded on the electronic platform getting financed versus 90.16 per cent in FY20. TReDS is an electronic platform for facilitating the financing/discounting of trade receivables of MSMEs through…
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