Veefin has announced the appointment of Sorabh Dhawan as the new Chief Executive Officer of PSB Xchange, further strengthening the leadership of one of India’s most influential and large-scale digital credit platforms.
Bringing more than 18 years of expertise across banking, digital lending, operations, and financial transformation, Sorabh has worked closely with leading financial institutions such as Kotak Bank, Aditya Birla Finance, and HDFC Bank. In his previous role as CEO at SG Finserve Limited, he built an NBFC from inception, steering it into a well-recognised player in the Supply Chain Finance sector.
His appointment comes at a pivotal time for PSB Xchange, a platform that sits at the center of India’s public-sector banking digitalisation efforts.
PSB Xchange serves as a unified digital backbone that connects Public Sector Banks, financial institutions, and millions of users through a seamless, secure, and standardised credit journey. The platform is fully built and operated by Veefin under a long-term, exclusive mandate awarded by PSB Alliance, the collective body representing all Public Sector Banks in the country.
The mandate includes:
Long-term operating tenure
Full lock-in
Complete exclusivity for the contract duration
This exclusive agreement highlights the confidence placed in Veefin to manage a mission-critical national platform supporting:
Large-scale digital credit flows
Interoperability across institutions
Transparent, compliant, uniform processes
Long-term transformation of India’s PSB 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, said: “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.”
