Bank of Maharashtra Joins M1X change TReDS Platform for MSME Bill Discounting
Bank of Maharashtra (BoM) partnered with M1Xchange Trade Receivables Discounting System (TReDS) platform for MSME bill discounting.
TReDS is a digital platform to support micro, small and medium enterprises (MSMEs) 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.
About Bank of Maharashtra
CEO: A. S. Rajeev (2 Dec 2018–)
Capital ratio: 11.20% (2016)