Mumbai: Veefin, a global leader in Working Capital Technology, has announced the appointment of Sorabh Dhawan as the Chief Executive Officer of PSB Xchange, reinforcing the leadership of one of India’s most strategic and high-impact digital credit platforms. The move marks a crucial step in strengthening India’s public sector banking ecosystem through large-scale digital transformation.
With over 18 years of experience across banking, digital lending, operations, and transformation, Dhawan brings deep expertise in building and scaling financial systems. His career includes leadership roles at Kotak Bank, Aditya Birla Finance, and HDFC Bank. In his most recent role as CEO of SG Finserve Limited, he successfully built an NBFC from the ground up, establishing it as a prominent player in the Supply Chain Finance industry.
Dhawan’s appointment comes at a pivotal moment for PSB Xchange — a central digital infrastructure powering India’s public sector banks’ credit operations and a critical piece of the nation’s financial ecosystem.
PSB Xchange: India’s National Digital Credit Backbone
PSB Xchange is one of the country’s most significant digital credit infrastructure mandates and is built and exclusively operated by Veefin under a long-term contract awarded by PSB Alliance, the unified body representing all Public Sector Banks in India.
The mandate includes:
- A long-term operating contract
- Full lock-in
- Complete exclusivity for the duration of the contract
This exclusivity underscores the deep trust placed in Veefin to operate a mission-critical, national-scale platform that supports India’s digital lending landscape.
Serving as a central digital rail, PSB Xchange connects Public Sector Banks, financial institutions, and millions of customers through a secure, unified, and standardised digital journey. The platform is designed to support:
- High-volume digital credit flows
- Interoperability across institutions
- Standardised and transparent processes
- Long-term digital transformation of the public banking ecosystem
Raja Debnath, Co-founder, Veefin, said, “PSB Xchange is a national responsibility, and Veefin is honoured to be entrusted with this exclusive mandate from PSB Alliance. Sorabh’s appointment strengthens our mission to scale this platform to its full potential and deliver long-term impact across India’s banking system.”
Sorabh Dhawan, CEO – PSB Xchange, added, “I am honoured to lead PSB Xchange at such a transformative stage. Veefin has built one of India’s most trusted digital lending infrastructures, and I look forward to driving its next phase of growth, expansion, and nationwide impact.”
