Announced Fri, 10 Apr · 11:22 IST
PSB Xchange onboards RR Kabel for dealer financing program
Business Updates View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.7%1-day move
₹282.50
prior close
₹290.25
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1+0.1+0.1-1.4+2.7+0.9+3.4+6.2-0.2+1.4+7.3+17.8+8.0+13.7
Up moveDown movePending
AI summary
Veefin Solutions' PSB Xchange platform has onboarded RR Kabel, a leading wires and cables manufacturer with AA- rating, for a Dealer Financing Program. The program enables structured working capital financing for RR Kabel's dealer network through a unified digital infrastructure connecting corporates, lenders, and fintechs. This expands PSB Xchange's multi-lender corporate ecosystem and supports faster credit access and improved liquidity for dealers across distribution channels.
Likely market impact
Adds a reputed AA- rated corporate client to PSB Xchange, expanding its dealer financing ecosystem and platform reach.