Business Update- State Bank of India (SBI) has signed up for the world''s largesr SCF platform through PSBXchange, powered by Veefin

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Price reactionminutes from the announcement price · days from the prior close

+3.8%Reaction day

₹342.05

prior close

₹343.95

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.1%+3.7% vs market

IT Enabled Services peers, median of 60sector+0.1%+3.7% vs sector

On the reaction day the stock moved 3.7 pts more than Nifty Microcap 250 and 3.7 pts more than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · IT Enabled Services peers, median of 60Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Veefin Solutions has announced that State Bank of India has signed up for PSBXchange, described as the world's largest unified Supply Chain Finance (SCF) platform. PSBXchange is a PSB Alliance initiative developed and powered by Veefin's technology. The platform aims to become a common technology bridge connecting banks, NBFCs, fintechs, B2B marketplaces, and accounting service providers with core banking systems to enable MSME financing. This is positioned as a global-first unified platform for supply chain finance and small business loans in India.

Likely market impact

Positive for Veefin shareholders — onboarding India's largest bank (SBI) to a platform powered by Veefin's technology is a significant validation and a major business win that could drive future revenue and platform adoption, though no specific financial numbers were disclosed.