Central Bank of India (CBI) is stepping into the realm of Supply Chain Financing with the support of Veefin’s expertise and technology. Veefin Solutions, a globally recognized leader in Digital Lending & Supply Chain Financing solutions, will exclusively provide the technology required for CBI’s initiatives.

This collaboration empowers CBI to leverage Veefin’s comprehensive end-to-end SCF stack, covering vendor, channel partner, and anchor onboarding, credit underwriting through ready-built APIs connecting to India stack and other third-party data sources via Veefin’s Loan Origination System (LOS), and transaction and loan management through its SCF Loan Management System. These elements will facilitate CBI in offering fully digital onboarding, sanctioning, and 24×7 disbursement processes to their corporate and SME customers.

V.V. Natrajan, GM of Central Bank of India, expressed his satisfaction with the partnership, stating, “We are pleased to collaborate with Veefin as our technology partner as we venture into Supply Chain Finance in the country. Given the significant contribution of SMEs to the GDP, with the government aiming to increase it further, this initiative is crucial for fostering growth in this sector. SCF has proven to be instrumental in accelerating SME growth, and after thorough evaluation, we are confident that Veefin’s expertise and technology are the right fit for our SCF journey.”

Raja Debnath, Managing Director of Veefin Solutions, shared his excitement about the partnership, saying, “We are delighted to welcome Central Bank of India to our growing list of public sector banks leveraging our SCF solution. The collaborative effort between CBI and Veefin demonstrates a shared commitment to driving innovation and growth in the SCF landscape. With Veefin’s proven track record in powering SCF operations for numerous lenders in India, we are confident that CBI will achieve success in its SCF endeavors.”


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