Central Bank of India has informed the Exchange about Banks Partnership with C2FO Factoring Solutions Pvt. Ltd. for TReDS Business
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Central Bank of India has announced a strategic partnership with C2FO Factoring Solutions Pvt. Ltd. to offer Trade Receivables Discounting System (TReDS) services to MSMEs nationwide. C2FO Factoring Solutions, a wholly-owned subsidiary of US-based C2FO, operates the C2Treds platform, which received RBI approval to run as a TReDS platform in March 2024. Under this collaboration, the bank will provide invoice discounting services to small and medium enterprises using C2Treds' licensed platform. The move supports RBI's broader push to expand digital financing for MSMEs and improve trade receivables management.
This partnership strengthens the bank's MSME lending and digital financing capabilities without any major capital outlay, potentially boosting fee income and MSME customer acquisition. For shareholders, it signals the bank's focus on growing its digital and SME-focused business segments.