Announced Mon, 6 Jul · 11:35 IST
Veefin's PSB Xchange onboards Bank of India as lending partner
Strategic Transactions View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
-1.4%1-day move
₹322.50
prior close
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AI summary
Veefin Solutions announced that Bank of India has joined PSB Xchange as a lending partner. PSB Xchange, developed by Veefin and run by PSB Alliance (backed by 12 public sector banks), is a digital platform for supply chain financing. Bank of India will offer supply chain finance to dealers and MSMEs linked to anchor corporates. This expands the lender network on PSB Xchange, enabling faster digital access to working capital for MSMEs across India.
Likely market impact
Strengthens Veefin PSB Xchange platform with a major public sector bank, expanding its lender network and MSME financing reach.