Reserve Bank of India mandates minimum net-worth ₹25 crore for TReDS platforms
TReDS platform operators must maintain a minimum net-worth of ₹25 crore, with existing authorised operators required to reach the threshold by 31 March 2028
Change
On 23 June 2026, RBI issued the Reserve Bank of India (Trade Receivables Discounting System) Directions, 2026, requiring applicants to have a minimum net-worth of ₹25 crore and directing existing TReDS entities to meet the criterion by 31 March 2028.
Why it matters
The Directions impose an audited net‑worth threshold that applicants and incumbents must document and sustain on an ongoing basis. Platforms must produce a statutory auditor certificate in the prescribed format and comply with annual and monthly reporting obligations tied to net‑worth verification.
Implications
- — Applicants for TReDS authorisation must have a minimum net-worth of ₹25 crore and submit a statutory auditor certificate in the prescribed format to obtain RBI authorisation.
- — Existing authorised TReDS entities must achieve and maintain the ₹25 crore net-worth criterion by 31 March 2028 or be non‑compliant with the Master Direction.
- — Authorised TReDS entities must submit an annual audited net-worth certificate by 30 September and monthly TReDS statistics by the 7th of the next month to their regional DPSS office as ongoing reporting obligations.
Who is affected
- — Applicants for TReDS authorisation
- — Existing authorised TReDS entities
- — Authorised TReDS entities' compliance and reporting teams
What to watch
- — Effective: 23 June 2026 — Master Direction comes into force.
- — Compliance deadline: 31 March 2028 — existing authorised TReDS entities must meet ₹25 crore net-worth.