2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which bank Partners with Invoicemart as a TReDS Partner?
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Bank of Baroda
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Dena Bank
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Canara Bank
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Punjab National Bank
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Explanation:
Detailed explanation-1: -Bank of Baroda partners with Invoicemart as a TReDS partner.
Detailed explanation-2: -Who are the participants on Invoicemart? Suppliers categorised as MSMEs, corporate buyers and financiers (banks/NBFC factors) can participate on Invoicemart.
Detailed explanation-3: -MSME sellers, corporate and other buyers, including Government Departments and PSUs, and financiers (banks, NBFC-Factors and other financial institutions, as permitted) are direct participants in the TReDS and all transactions processed under this system are ‘"without recourse” to MSMEs.
Detailed explanation-4: -Currently, there are three operating TReDS platforms in India, namely Invoicemart, M1xchange and RXIL.
There is 1 question to complete.