PSN Group's NBFC Arm, PSN Finance, Onboards Veefin Solutions for Digital Lending Solutions

PSN Finance, part of the PSN Group, has onboarded Veefin Solutions Limited to deploy Veefin’s comprehensive suite of digital lending solutions. This includes Veefin’s Loan Origination System (LOS) and Loan Management System (LMS) across multiple product lines. Additionally, Veefin’s LOS — Ezee will also be deployed. PSN Group, known for fleet management and automobile parts distribution across South India, has a turnover of over 21,500 crore. The NBFC arm of the Group, PSN Finance, which initially catered to its employees, now plans to expand its lending operations substantially by extending credit beyond its internal network. With Veefin’s solutions, PSN Finance aims to significantly expand its loan book across its dealership network and allied small businesses within its ecosystem.