RBI issues Final directions on Trade Receivables Discounting System (TReDS)

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June 23, 2026 RBI issues Final directions on Trade Receivables Discounting System (TReDS) The Reserve Bank of India (RBI) has today issued Reserve Bank of India (Trade Receivables Discounting System) Directions, 2026. RBI had placed the draft Reserve Bank of India (Trade Receivables Discounting System) Directions, 2026 on April 08, 2026, in the public domain for stakeholder feedback. The draft Directions proposed, inter alia – a) rationalisation and harmonisation of the existing regulatory framework for TReDS, b) removal of the requirement of due diligence for MSME sellers, and c) revision of the capital requirements applicable to TReDS operators. Feedback from the public has been examined and suitably incorporated in the final directions. The final Directions prescribe the appropriate requirements for an efficient functioning of TReDS while providing the authorised entities flexibility to frame operational and procedural guidelines in accordance with the extant regulatory framework. These Directions shall come into effect immediately, unless indicated otherwise therein. (Brij Raj) Press Release: 2026-2027/519 Chief General Manager प्रेस प्रकाशनी PRESS RELEASE भारतीय ǐरज़वर् बैंक RESERVE BANK OF INDIA वेबसाइट : www.rbi.org.in/hindi संचार ͪ वभाग, केंद्रȣय कायार्लय, शहȣद भगत ͧ संह मागर्, फोटर्, मुंबई - 400 001 Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502