RESERVE BANK OF INDIA (TRADE RECEIVABLES DISCOUNTING SYSTEM) DIRECTIONS, 2026TABLE OF CONTENTSS.NO.GUIDELINES / CIRCULARIII

MUMBAI, India, June 23 -- Reserve Bank of India issued the following notification:

RBI/DPSS/2026-27/406

CO.DPSS.POLC.No.S257/02-01-010/2026-27

June 23, 2026

The Trade Receivables Discounting System Platform Operators and Participants

Madam / Dear Sir,

Reserve Bank of India (Trade Receivables Discounting System) Directions, 2026

This has reference to the Guidelines for the Trade Receivables Discounting System (TReDS) (updated as on July 02, 2018) and subsequent circulars on the subject. With a view to rationalising and harmonising the applicable guidelines, a comprehensive review of the existing instructions has now been undertaken and accordingly, it has been decided to issue a Master Direction. The directions, inter-alia:

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