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Ravi Todi

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Indian central bank platform boosts small firm growth and access to capital

Indian engineering firm BTL EPC Ltd has experienced a doubling of revenues and expanded profit margins, attributed to a central bank-backed electronic platform that facilitates quicker and cheaper access to working capital for small businesses. The Trade Receivables Discounting System (TReDS), introduced by the Reserve Bank of India, has reduced the company's cost of funds by 2.5 percentage points, with revenues rising to 6.5 billion rupees ($77.3 million) for the year ending March 2024, and projections to exceed nine billion rupees this year.
bloomberg.com
Indian Rupee BTL EPC Ltd. IND Ravi Todi
Finance & Economy, Market Report
11:51 22.10.2024
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