India, July 6 -- Bank of India has partnered with PSB Alliance Pvt. Ltd. to join the PSB Xchange platform as a lending partner, expanding digital supply chain financing across corporate ecosystems. Through the partnership, the bank will offer working capital finance to eligible borrowers linked to participating corporate anchors via a standardized digital process covering onboarding, credit assessment, and loan disbursal.
The collaboration is expected to enhance Bank of India's digital supply chain finance capabilities while enabling faster access to institutional credit for MSMEs. The addition of Bank of India also strengthens PSB Xchange's lender network, broadening financing options for dealer ecosystems across industries and supporting...