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Receivables Exchange of India Ltd (RXIL) has received the Happiness & Wellbeing Award 2024
Receivables Exchange of India Ltd (RXIL) has received the Happiness & Wellbeing Award 2024, recognizing our commitment to fostering a positive and thriving workplace culture. As a key participant in the Happiness & Wellbeing Conclave 2025, held in collaboration with ETHRWorld, our MD & CEO, Ketan Gaikwad, shared valuable insights on building a healthier and […]
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Visiting the inspiring Signal School in Thane
Today, Receivables Exchange of India Limited took a step beyond business, by visiting the inspiring Signal School in Thane. Our visit to this remarkable institution was a profound reminder that education is the most powerful tool we can offer to the next generation. Here, we engaged with the spirited students, whose aspirations and dreams are […]
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TReDS platform RXIL in black, eyes business volumes of ₹40,000 crore in FY’23-24
RXIL, the Receivables Exchange of India Ltd, which is a prominent platform for invoice discounting for MSMEs, has set a target of achieving a business throughput of ₹40,000 crore in the fiscal year 2023-24, according to its Managing Director & CEO, Ketan Gaikwad. In the previous fiscal year, the Trade Receivables e-Discounting System (TReDS) platform […]
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How new TReDS proposals by RBI will incentivize MSMEs, strengthen bill discounting
The Indian economy heavily relies on the Micro, Small, and Medium Enterprises (MSME) sector, which contributes 30% to the nation’s GDP, 48% to total exports, and employs 40% of the country’s workforce. However, despite its significant role in socioeconomic development, MSMEs face challenges related to limited access to finance and working capital. This hinders their […]
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In 2023, CFOs must connect math to mood and facts to feelings: Kailash Varodia
Kailash Varodia, The CFO of RXIL, a fintech firm operating an online electronic platform for financing trade receivables between MSME sellers and corporate buyers, shares his insights on the role of finance executives in the upcoming year. He believes that finance professionals should adopt the mindset of “Chief Fairness Officers,” emphasizing the importance of empathy […]
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2023 Union Budget expectations from Industry Experts
Ketan Gaikwad, MD and CEO of Receivable Exchange of IndiaThe government ought to empower CPSEs, state PSUs and partnerships to take an interest on TReDS.In 2017, the public authority ordered that all CPSEs register on the TReDS in light of the fact that late installments by open and confidential associations bring about an absence of […]
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Budget 2023: Experts suggest strengthening existing schemes to boost MSME credit access
Credit and financing for MSMEs: Despite the government’s announcement of numerous programmes for MSMEs in the wake of Covid, including the emergency credit programme ECLGS, the subordinate debt programme, the updated MSME definition, the SRI Fund, and others, there is undoubtedly room to expand the reach of current programmes in the upcoming budget. Credit and […]
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All NBFCs may be brought under TreDS platform
The central bank is pushing P2P lending, regulatory sandbox, TreDS and co-lending model to increase credit flow to the MSME sector, says Anil Kumar Sharma, executive director, RBI. The Trade Receivables Discounting System (TReDS) platform is a project of the Reserve Bank of India that aims to make it easier for MSME receivable payments from […]