Finkurve Financial services Limited (BSE: 508954 / NSE: FINKURVE), among leading Tech-first Gold Loan NBFC, announced that the Company has gone live with a strategic co lending partnership with Godrej Finance Limited (GFL), a subsidiary of Godrej Capital to jointly offer gold loan products under the Reserve Bank of India’s co-lending framework.
Under this arrangement, Godrej Finance Limited will hold an 80% participation, while Finkurve Financial Services Limited (Arvog) will retain a 20% share, with risks and rewards shared in line with the agreed framework and applicable regulatory guidelines issued by the Reserve Bank of India.
The partnership enables Arvog to scale its gold loan portfolio in a capital efficient and risk aligned manner, supporting calibrated growth without a proportionate increase in balance sheet deployment. By leveraging the co-lending framework, Arvog aims to enhance capital rotation, liquidity management, and cost-efficient funding to deliver sustainable returns while maintaining a conservative risk profile.
Arvog will lead loan sourcing and origination through its branch-led operating model, including customer acquisition, onboarding, KYC processes, and gold valuation. Credit assessment and sanctioning will be carried out under a mutually agreed credit framework, ensuring disciplined underwriting and aligned risk management.
Disbursements and servicing will be executed through a structured mechanism, with Arvog responsible for collections and ongoing customer engagement. Robust governance, compliance oversight, and joint portfolio monitoring processes have been established to ensure transparency, regulatory compliance, and prudent portfolio management.
On the partnership, Pankaj Gupta, MD & CEO, Godrej Finance, a subsidiary of Godrej Capital, said, “This partnership aligns with our strategy to broaden our secured lending portfolio. Gold has long been a trusted financial asset for Indian households, and we see a significant opportunity to serve this segment in a more structured and transparent manner. By partnering with Arvog, we are bringing together complementary strengths to build a scalable and high-quality loan portfolio.”
Commenting on the development, Mr. Naveen Kottala, Chief Executive Officer, said:
“For Arvog, this partnership represents a calibrated approach to strengthening and scaling our gold loan franchise. By leveraging the RBI’s co-lending framework, we are able to pursue growth while maintaining capital efficiency, effective cost and disciplined risk management.
