Indian Bank has signed up for the world's largest SCF platform through PSBXchange, powered by Veefin

In a significant step towards transforming MSME financing in India, Indian Bank has signed up for the world's largest unified Supply Chain Finance (SCF) platform, PSBXchange by PSB Alliance, developed and powered by Veefin Solutions. This collaboration marks a critical milestone in enabling broader financial inclusion for MSMEs in the country.

This platform is on track to become the common technology bridge for all banks and NBFCs in the country to source and provide supply chain finance and small business loans. This unified platform is a globalfirst that will connect Fintechs, B2B marketplaces, Accounting Service Providers, new-age data providers with the core banking system of multiple lenders.

Shares of Veefin Solutions Limited was last trading in BSE at Rs. 336.90 as compared to the previous close of Rs. 338.45. The total number of shares traded during the day was 65800 in over 63 trades.

The stock hit an intraday high of Rs. 344.75 and intraday low of 334.50. The net turnover during the day was Rs. 22271080.00.

Source : Equity Bulls

Keywords

VeefinSolutions INE0Q0M01015 ITEnabledServices SupplyChainFinancePlatform PSBXchange PSBalliance IndianBank