Current Affairs · Financial Banking and Institutions
The Trade Receivables Discounting System (TReDS) is an electronic platform designed to facilitate the discounting of trade receivables of MSMEs from corporate and other buyers through multiple financiers. In the context of the Indian financial ecosystem, which specific statutory body is vested with the regulatory authority to oversee TReDS operations, and under which legislation is this power derived?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The Securities and Exchange Board of India (SEBI) under the SEBI Act, 1992
- 2The Reserve Bank of India (RBI) under the Payment and Settlement Systems Act, 2007✓
- 3The Ministry of Micro, Small and Medium Enterprises under the MSMED Act, 2006
- 4The Insurance Regulatory and Development Authority of India (IRDAI) under the Insurance Act, 1938
Correct answer
The Reserve Bank of India (RBI) under the Payment and Settlement Systems Act, 2007
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