PSB Alliance

Name

PSB Alliance

Legal name

PSB Alliance

Website

https://psballiance.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Banking Technology Platforms

akta.pro industry

PRIMARYHDAEALAK

IT Governance, Risk & Compliance (IT GRC) Platforms

Hardware, Technology & Telecom/Enterprise Platforms & Databases/Enterprise Service Management (ITSM/ESM) Platforms

Keywords

• Banking technology platforms
• Government credit schemes
• NPA recovery solutions
• MSME lending platforms
• Doorstep banking services

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Platform Services to Member Banks: PSB Alliance generates revenue by providing technology-enabled services to its 12 public sector bank members. Services include NPA auctions, digital balance confirmation, supply chain finance, and doorstep banking services.
2. Government Scheme Management: Revenue generated through the JanSamarth portal for facilitating government credit-linked schemes including 16 central government schemes covering agriculture, renewable energy, business, housing, and livelihood sectors.
3. Consulting Services: Strategic consulting services to banks including vendor evaluation, price discovery, IT solution design, and project management. Leverages empanelled consultants including PWC, GT, Protiviti India, Cap Gemini, Nangia Anderson, Deloitte and KPMG.

Pricing tiers

Go-to-market motion1 record

Distribution channels8 records

Marketing channels6 records

Core offering

PSB Alliance is a joint venture of India's 12 public sector banks that develops, operates, and maintains shared digital banking infrastructure and managed services. Its core offerings include the JanSamarth credit aggregation portal, BAANKNET NPA e-auction platform, Doorstep Banking services, Digital Balance Confirmation, Digital Supply Chain Finance, asset tracing solutions, consulting services, and an Unclaimed Assets Portal. These platforms are delivered to its 12 member PSU banks and, through them, to retail, MSME, and corporate end customers.

Product overview

PSB Alliance is a joint venture of India's 12 public sector banks offering an integrated portfolio of technology platforms and services for the banking ecosystem. The core offerings include: JanSamarth (national portal for 16 credit-linked government schemes), BAANKNET (exclusive NPA e-auction platform for 12 national banks), Doorstep Banking (last-mile banking service), Digital Balance Confirmation Portal (DBCP for auditors), Digital Supply Chain Finance (DSCF for MSME lending), and PATS (Asset Tracing Solution). Upcoming services include PSB Community Cloud Services with Generative AI/Agentic AI capabilities. Consulting Services provide strategic aid including vendor evaluation, price discovery, IT solution design, and project management.

Differentiator

Problem solved

Functional benefit

Brands

• JanSamarth: National portal for credit-linked Government schemes, launched by the Hon'ble Prime Minister on 6th June 2022. Provides a digital marketplace for beneficiaries with 16 credit-linked Central Government schemes.
• BAANKNET
• Digital Balance Confirmation Portal (DBCP)
• Digital Supply Chain Finance (DSCF)
• Doorstep Banking

Products and services

• JanSamarth Portal
• BAANKNET E-Auction Platform
• Doorstep Banking Services
• Digital Balance Confirmation Portal (DBCP)
• Digital Supply Chain Finance (DSCF) Platform
• PATS (Asset Tracing Solution) Technology-enabled asset tracing service that helps banks locate assets of wilful defaulters, NPA borrowers, and guarantors. Aggregates data sources and trace workflows to assist member PSU banks in recovery and litigation support for stressed asset cases.
• Consulting Services Management and technology consulting services provided to 12 PSU member banks covering areas such as digital transformation, branch optimisation, process re-engineering, risk management, and regulatory compliance. Engagements are project-based and tailored to the operational needs of public sector banks.
• Unclaimed Assets Portal A unified portal that allows customers of 12 PSU banks to search for and claim unclaimed deposits, inoperative accounts, and other unclaimed financial assets. Integrates with the Department of Financial Services to provide a single-window for locating and reclaiming dormant balances.

Quantifiable outcome

• ₹5,000 crore worth of NPA properties auctioned between July 2024 and January 2025
• +5 more outcomes

Named customers12 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

AI capability4 records

Feature5 records

Partnerships

29 partnerships are on record, tiered core and minor.

• State Bank of IndiacoreStrategic or Co-development PartnerNominee Director representation from India's largest public sector bank on PSB Alliance Board. One of the 12 founding member banks that jointly own and govern PSB Alliance.
• Punjab National BankcoreStrategic or Co-development PartnerNominee Director (Mr. M Paramasivam) representation on PSB Alliance Board. One of the 12 founding member banks.
• Bank of BarodacoreStrategic or Co-development PartnerNominee Director (Mr. Lal Singh) representation on PSB Alliance Board. One of the 12 founding member banks.
• Canara BankcoreStrategic or Co-development PartnerNominee Director (Mr. S K Majumdar) representation on PSB Alliance Board. Organized ECLGS 5.0 outreach programme in Coimbatore. One of the 12 founding member banks.
• Central Bank of IndiacoreStrategic or Co-development PartnerNominee Director (Mr. Mahendra Dohare) representation on PSB Alliance Board. One of the 12 founding member banks.
• Union Bank of IndiacoreStrategic or Co-development PartnerPermanent Invitee representation on PSB Alliance Board. One of the 12 founding member banks.
• Bank of IndiacoreStrategic or Co-development PartnerPermanent Invitee (Mr. Dipak Rakesh) representation on PSB Alliance Board. One of the 12 founding member banks.
• Indian Overseas BankcoreStrategic or Co-development PartnerPermanent Invitee (Mr. Koustuv Majumder) representation on PSB Alliance Board. One of the 12 founding member banks.
• Bank of MaharashtracoreStrategic or Co-development PartnerPermanent Invitee (Mr. Devdatta Rokade) representation on PSB Alliance Board. One of the 12 founding member banks.
• UCO BankcoreStrategic or Co-development PartnerPermanent Invitee (Mr. Abhimannu Rajak) representation on PSB Alliance Board. One of the 12 founding member banks.
• Punjab & Sind BankcoreStrategic or Co-development PartnerPermanent Invitee (Ms. Rashmita Kwatra) representation on PSB Alliance Board. One of the 12 founding member banks.
• Indian BankcoreStrategic or Co-development PartnerNominee Director (Mr. Ashutosh Choudhury) representation on PSB Alliance Board. Represents merged entity of Allahabad Bank. One of the 12 founding member banks.
• Department of Financial Services (DFS)coreStrategic or Co-development PartnerCollaboration with India's Department of Financial Services to launch the Unclaimed Assets Portal, providing a single interface for citizens to trace and claim dormant financial assets.
• UIDAI (Aadhaar)coreTechnology or IntegrationIntegration of Aadhaar data into JanSamarth portal for beneficiary identity verification in government credit scheme applications.
• CBDT (Income Tax)coreTechnology or IntegrationIntegration of income data from Central Board of Direct Taxes into JanSamarth portal for income verification during credit assessments.
• CIBIL (Bureau)coreTechnology or IntegrationIntegration of credit bureau data into JanSamarth portal for creditworthiness assessment of loan applicants.
• NCGTC (National Credit Guarantee Trustee Company)coreStrategic or Co-development PartnerIntegration with NCGTC portal for credit guarantee scheme processing on JanSamarth. NCGTC representatives participated in ECLGS 5.0 outreach programme.
• State Level Bankers' Committee (SLBC) Tamil NaducoreStrategic or Co-development PartnerCo-organized ECLGS 5.0 outreach programme at CODISSIA Trade Fair Complex, Coimbatore on June 5, 2026 to familiarise MSMEs with the guarantee scheme.
• PWC IndiaminorImplementation/ SI/ Consulting PartnerOne of the empanelled consultants providing price discovery, vendor evaluation, and consulting services to PSB Alliance member banks.
• Deloitte IndiaminorImplementation/ SI/ Consulting PartnerOne of the empanelled consultants providing price discovery, vendor evaluation, and consulting services to PSB Alliance member banks.
• KPMG IndiaminorImplementation/ SI/ Consulting PartnerOne of the empanelled consultants providing price discovery, vendor evaluation, and consulting services to PSB Alliance member banks.
• Grant Thornton IndiaminorImplementation/ SI/ Consulting PartnerOne of the empanelled consultants (GT) providing price discovery, vendor evaluation, and consulting services to PSB Alliance member banks.
• Protiviti IndiaminorImplementation/ SI/ Consulting PartnerOne of the empanelled consultants providing price discovery, vendor evaluation, and consulting services to PSB Alliance member banks.
• Cap GeminiminorImplementation/ SI/ Consulting PartnerOne of the empanelled consultants providing price discovery, vendor evaluation, and consulting services to PSB Alliance member banks.
• Nangia AndersonminorImplementation/ SI/ Consulting PartnerOne of the empanelled consultants providing price discovery, vendor evaluation, and consulting services to PSB Alliance member banks.
• PSB XchangecoreTechnology or IntegrationPSB Exchange (psbxchange.com) bridges digital supply chain financing ecosystem between lenders and originators, providing seamless digital infrastructure for SCF platform.
• BLS International Service LimitedcoreChannel Partner/ Reseller/ DistributorService provider partner for Doorstep Banking services, deploying trained agents to deliver banking services at customer-preferred locations.
• Integra Micro Systems Private LimitedcoreTechnology or IntegrationTechnology service provider for Doorstep Banking platform development and mobile application, providing app development (Android/iOS), web portal, and call center support.
• NeSL (National eBooks)coreTechnology or IntegrationIntegration for e-sign and e-stamping services on JanSamarth portal enabling digital documentation for loan applications.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• M1xchange (Mynd Solutions): India's leading TReDS (Trade Receivables Discounting System) platform for MSME invoice financing via factoring and reverse factoring. Direct peer to PSB Alliance's DSCF platform in digital supply chain finance for MSMEs.
• Intellect Design Arena: India-headquartered banking and financial technology platform providing core banking, lending, and digital banking products to banks globally. Closely comparable as a vendor of enterprise banking platforms competing for similar Indian bank IT modernization budgets that PSB Alliance serves through its shared-platform model.
• Newgen Software: Indian enterprise software company providing content services, BPM and digital banking process automation to banks and financial institutions. Comparable to PSB Alliance in delivering workflow, KYC, loan origination and digital banking infrastructure to Indian banks.
• Nucleus Software: Indian banking software provider offering lending, transaction banking and digital platform products to banks and NBFCs. Overlaps with PSB Alliance's Digital Supply Chain Finance and shared lending infrastructure mandate across Indian banks.

Broad incumbents

• Finastra: Global banking technology vendor offering core banking, lending, treasury and capital markets platforms. Comparable as a broad incumbent enterprise banking platform provider; competes for the same Indian PSU bank IT modernization wallet that PSB Alliance addresses.
• nCino: Cloud banking platform serving global financial institutions with loan origination, account opening and risk management solutions. Comparable to PSB Alliance's API-first, cloud-based banking infrastructure approach for member banks.

Emerging players

• Setu (Indus Valley Labs): India-based API infrastructure fintech offering account aggregation, eKYC, e-sign and digital lending rails. Comparable to PSB Alliance's API-first integrations with Aadhaar, PAN, CIBIL and NeSL that power JanSamarth scheme delivery.
• Perfios: India-based fintech providing data aggregation, analytics, and digital lending infrastructure to banks and lenders. Comparable to PSB Alliance's PSB Xchange and DSCF platform in connecting sourcing partners and enabling data-driven underwriting for banks.

Regional players

• C-DAC: India's government-run R&D organization building technology platforms including banking, payments and digital public infrastructure. Comparable as a public-sector-aligned technology provider to PSB Alliance's bank-owned technology consortium mandate.

Others

• NAUKRI / InfoEdge (IndianBankJobs-style platforms): Included as a placeholder for Indian banking sector ecosystem platforms that intersect with PSU bank distribution and MSME outreach — they are not direct technology peers but share the Indian bank customer base and government-scheme ecosystem that PSB Alliance serves.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/LtdPsb
• Facebookfacebook.com/psballiance
• LinkedInlinkedin.com/company/psballiance

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PSB Alliance