Veefin has received BSE’s no-adverse-observation letter for the proposed amalgamation of GlobeTF and Estorifi into Veefin. This is a positive regulatory milestone and allows the company to move ahead with the NCLT process. However, it is not a final approval—Veefin still needs to comply with SEBI/BSE disclosure conditions, shareholder/creditor requirements, and obtain NCLT sanction.
This was another positive update; 1st anchor corporate live on PSB Xchange for Bank of Baroda.
Seems like Tata Hitachi is the anchor ; not confirmed .
They are hiring big names as well. Rrkabel is decent size company, one success story will create ripple effect. Lets see if rrkabel manages to improve their working capital via psb platform
17,000 dealers. One credit rail.
Shree Cement has plugged its dealer network into PSB Xchange, with Central Bank of India as the financing partner.
This is the part investors should not miss:
PSB Xchange is not trying to become another lender.
It is trying to become the shared financing infrastructure between large corporates, their dealers, fintech originators, and banks.
That is a very different game.
Banks get curated supply-chain credit flow.
Dealers get faster working capital.
Corporates get a healthier distribution network.
And PSB Xchange gets closer to becoming the default SCF rail for India Inc.
The metric to track now:
How many anchor ecosystems move from announcement → active disbursement → repeat utilization?
First was RR Kabel and now this. Even a single success corporate story will create a ripple effect. Increased allocation in recent fall. Lets see how it goes. Stock has some move in 2 days. Quite big fall from recent warrants at 390