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Which of the following bank partners with M1Xchange for MSME bill discounting?
  • a)
    Punjab National Bank
  • b)
    Bank of Maharashtra
  • c)
    Canara Bank
  • d)
    Bank of India
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Which of the following bank partners with M1Xchange for MSME bill disc...
  • Bank of Maharashtra partners with M1Xchange for MSME bill discounting
  • Trade Receivables Discounting System is a digital platform to support micro, small and medium enterprises to get their bills financed at a competitive rate through an auction where multiple registered financiers can participate.
  • Mynd Solutions is a technology management firm which runs the TReDS platform of M1Xchange.
  • The main purpose of TReDS platform is to facilitate the smooth flow of liquidity in the system and make finance available at a competitive rate.
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Which of the following bank partners with M1Xchange for MSME bill discounting?a)Punjab National Bankb)Bank of Maharashtrac)Canara Bankd)Bank of IndiaCorrect answer is option 'B'. Can you explain this answer?
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