PSB Xchange Completes its first Live End-to-End Digital Supply Chain Finance Transaction in collaboration with Central Bank of India

Veefin's partner platform PSB Xchange has completed its first fully digital, end-to-end supply chain finance transaction, with Central Bank of India (CBI) acting as the lender. The deal involved a dealer finance transaction with a leading footwear company and was processed entirely digitally — from fintech origination, through CBI's underwriting, to the corporate anchor accepting the offer — without any manual intervention. PSB Xchange is built by PSB Alliance, a consortium of 12 public sector banks, with Veefin serving as the technology partner. The platform aims to streamline supply chain financing, especially for MSMEs. CBI becomes the first public sector bank to go live on the platform, validating that the system is operational and ready to handle real-time credit flows across institutions.