State Bank of India has joined digital invoice discounting marketplace Invoicemart as a financier. Invoicemart is a Trade Receivable Discounting System (TReDS) platform of A TREDS Ltd, a joint venture between Axis Bank and mjunction services Ltd. Narayanan Sadanandan, Chief General Manager, SME and Supply Chain Finance, SBI, said: “We have taken several steps to ensure timely delivery of credit to MSMEs through other initiatives, and this association is another step towards the process of digitisation.” TReDS is a scheme for operating the institutional mechanism for facilitating the financing of trade receivables of MSMEs from corporate buyers through multiple financiers.
SBI joins Invoicemart as financier
Published on
February 8, 2019 16:12
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