KredX-Canara Bank Tie-Up for MSME Trade Finance on TReDS
Why in the news
Supply chain finance firm KredX partnered with Canara Bank to bring more small firms onto its trade-bill discounting exchange.
Key facts
- DTX (Domestic Trade Exchange) is RBI-licensed under TReDS, with real-time bidding on receivables.
- Financing method: receivable discounting.
- Canara Bank adds 9,500+ branches and PSU standing.
- KredX also works with state governments; its international platform is GTX.
Exam angle
- TReDS = Trade Receivables Discounting System.
- Numbers: ₹30 lakh crore, 9,500 branches, 15,000 MSMEs.