PSB Alliance, the entity set up by 12 public sector banks (PSBs), is in the process of deploying a unified cloud-based Supply Chain Financing (SCF) ecosystem in the country. This cloud-based platform will go live during the current financial year.
To build a uniform cloud-based supply chain financing (SCF) ecosystem, a PSB alliance made up of 12 public sector banks (PSBs) in India stated that it was working with Veefin Solutions, a BSE-listed firm.
PSB Alliance, an entity formed by 12 state-owned lenders in India, has partnered with Veefin Solutions, a builder of white-labelled supply chain finance and digital lending solutions. This collaboration aims to introduce a unified cloud-based ecosystem for supply chain financing, streamlining, and administering supply chain financing processes efficiently.
PSB Alliance, an entity set up by 12 public sector banks (PSBs), has appointed Veefin Solutions Ltd. to deploy and administer a unified cloud-based supply chain financing (SCF) ecosystem in the country.
PSB Alliance, a private company set up by the country’s 12 public sector banks, on Friday announced that it has appointed Veefin Solutions to build a supply chain finance online platform, the firm said in a press conference here on Friday. The platform is expected to go live by end of the current financial year.
The PSB Alliance, an entity floated by 12 public sector banks in 2022, is entering the supply chain financing to primarily help small businesses, and aims to tap 5 per cent of the total credit market
A PSB alliance comprising 12 public sector banks (PSBs) in India, has contracted Veefin Solutions Ltd to implement and manage a unified cloud-based Supply Chain Finance (SCF) eco-system.
Veefin Solutions Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Public sector banks have tied up with a technology partner Veefin Solutions Ltd to manage supply chain financing for MSMEs on a cloud- based platform. This will be done through an entity promoted by public sector banks called PSB Alliance that outsources a number of services for the twelve public sector banks.
Mumbai, Sep 1 (PTI) The PSB Alliance, an entity floated by 12 public sector banks in 2022, is entering the supply chain financing to primarily help small businesses, and aims to tap 5 per cent of the total credit market.
Veefin Solutions, a Mumbai-based supply chain finance (SCF) and digital lending technology company, is broadening its product suite offering and geographical reach after making its debut on the Bombay Stock Exchange Small and Medium Enterprises (BSE SME) platform.
Veefin Solutions Limited (formerly known as Veefin Solutions Private Limited), a digital Lending and Supply Chain Finance (SCF) technology product solutions company, will launch its initial public offering (IPO) on Thursday i.e. June 22. The issue price of the Rs 4,673.34-lakh IPO has been fixed at Rs 82 a share and will be open till June 26.
The primary market will remain active this week, as we will have four IPOs hitting Dalal Street with one on the main board and three in the SME segment. Gujarat-based healthcare services provider Aatmaj Healthcare will be the first initial public offering opening on June 19. It is a fixed-price issue.
Veefin Solutions Limited’s Rs 46.73-crore initial public offering (IPO) opens for subscription on June 22, with the issue price set at Rs 82 a share. The 5,699,200-share issue, which closes on June 26, will be launched on the BSE as a small and medium enterprise (SME) IPO.
IPO Market Investment: अगर आप IPO मार्केट में पैसा लगाते हैं, इस हफ्ते अच्छा मौका है. इस हफ्ते प्राइमरी मार्केट में एक्शन रहेगा और 4 आईपीओ सब्सक्रिप्शन के लिए खुलेंगे. इसमें 20 जून को मेनबोर्ड आईपीओ एचएमए एग्रो इंडस्ट्रीज (HMA Agro Industries) के अलावा 3 SME आईपीओ आत्मज हेल्थकेयर (Aatmaj Healthcare), वीफिन सॉल्यूशंस (Veefin Solutions) और एसेन स्पेशलिटी फिल्म्स (Essen Speciality Films) भी शामिल हैं.
As the Indian government announces its 2023-24 budget, industry leaders and experts have been weighing in on the impact it will have on the Indian economy. This post will bring you the most prominent post-budget reaction quotes from these key figures, giving us a deeper understanding of their thoughts and opinions on the budget’s provisions and what they mean for India’s future.
Union Budget 2023 evoked mixed reactions from industry leaders, with a majority of them seeing it as a positive, 'feel good' budget for people in general. Especially, the tech industry received the budget with a positive outlook as it holds immense promise for technology development and skilling.
Today, our FM Nirmala Sitharaman presented the Union Budget which according to many has the potential to sustain & grow the Indian economy in the times when the world is facing recession.
Global Supply Chain Finance platform Veefin announced on Monday that it has crossed $12 billion in annualized disbursements globally, indicating widespread demand from Banks and Financial Institutions in stepping up credit access, especially for the underserved credit population - the micro, small and medium enterprises (MSMEs). The tech firm has seen a 146% Y-o-Y growth in disbursements through its SCF suite since Jan 2022.
The MSME (Micro, Small & Medium Enterprises) sector in India is in perennial need of debt. The Big Tech bounties have not really trickled down to MSMEs. The credit gap persists! A 2019 report on the MSME sector by an RBI committee estimated it at Rs 20-25 lakh crore. Umpteen fintech firms have tried to address the credit gap, but let’s face it – they have only scratched the surface.
The winners across all categories, i.e… Start-ups, Small & Mid-size organizations, Large organizations, and PSUs, were selected after multiple rounds of screening and evaluation based on the criteria laid by the official Tabulator and Knowledge Partner- EY.
Since January 2023, at least 10 B2B SaaS companies have raised money monthly in India at various stages, according to Tracxn data. Despite having a solid number of deals in January and February, March saw the highest number of transactions.
Forget digital divide, 'Bharat is the new locus of digital growth' claim experts. The lines between digital haves and have nots in India is fast dissolving and the so called 'digital divide' which was commonplace in Indian economic parlance a decade ago could soon be a gone story. The recently released report by Bain & Company in collaboration with Google and Tamasek which states that the Indian internet economy is poised to become a $1 trillion by 2030 has highlighted the accelerated pace at which India's tier 2 and tier 3 cities are participating in the internet economy.
At the event, Veefin’s Director Raja Debnath talked extensively about financial inclusion and technology driven solutions to solve industry problems. He shared his ideas about deep-tier financing solutions to enable the industry, rapidly scale up the SME banking sector.
The event was well attended by eminent supply chain professionals and industry experts of Bangladesh who discussed current supply chain challenges as well as industry issues.
Infini and IvyCap Ventures join hands to create a solution that will help the investment community to take smarter decisions and build a stronger communication channel between them and their portfolio companies.
Mumbai based realty business signs up for Approach CRM
Maharashtra Chamber of Housing Industry signs up for Approach CRM
Blacksoil group signs up for Veefin Lending Suite for its NBFC business unit
India based credit rating business signs up for Veefin CRM