Mumbai, Nov 26 (KNN) Even the RBI’s announcement to give in-principle approval to three applicants for setting up and operating TReDS for improving flow of funds to MSME couldn’t keep the investors sentiments up on the BSE SME platform.
 
The SME exchange of BSE was trading in red on Thursday morning down by 0.90 per cent.
 
The market capitalization of the bourse was at Rs 6,986.37 crore with 10 losers, 7 gainers and 2 companies that traded flat.
 
As of now, there are 117 companies listed with the exchange. As many as 10 companies have migrated to the main board BSE.
 
 The Reserve Bank of India (RBI), on Tuesday, decided to give “in-principle” approval to three applicants to set up and operate Trade Receivables Discounting System (TReDS). The three applicants are - NSE Strategic Investment Corporation Limited (NSICL) and Small Industries Development Bank of India (SIDBI), Mumbai; Axis Bank Limited, Mumbai; and Mynd Solutions Pvt. Ltd., Gurgaon, Haryana.
 
TReDS will allow SMEs to post their receivables on the system and get them financed. (KNN Bureau)