Press Release - PSB Xchange Enables Shree Cement Dealer Financing Program with Central Bank Of India
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Veefin Solutions' PSB Xchange platform has launched a dealer financing program for Shree Cement in partnership with Central Bank of India. The program will provide working capital financing to Shree Cement's 17,000+ dealer and distributor network. Central Bank of India is the financing partner for this initiative. PSB Xchange operates as a digital platform connecting corporates, fintechs, and lenders for supply chain finance. The company positions this as expanding formal credit access to MSMEs through transaction-level visibility in corporate supply chains.
This partnership expands Veefin's PSB Xchange platform reach into the cement sector, providing a new business development opportunity. No specific revenue or order value was disclosed, making it difficult to assess immediate financial impact on Veefin's earnings.