Dena Bank starts discounting invoices of MSMEs on TReDS platform

State-run Dena Bank on Tuesday said that it has started discounting invoices of micro, small and medium enterprises (MSMEs) on […]

   

State-run Dena Bank on Tuesday said that it has started discounting invoices of micro, small and medium enterprises (MSMEs) on trade receivable discounting system (TReDS) platform from Monday. The bank has registered with Receivable Exchange of India as a TReDS partner for discounting invoice of MSMEs on digital platform. TReDS allows MSMEs to post their receivables on the system and get them financed at competitive rates as per online bidding process.

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