Finkurve Financial Services gains on partnering with Godrej Finance to jointly offer gold loan products
Finkurve Financial Services is currently trading at Rs. 65.80, up by 1.10 points or 1.70% from its previous closing of Rs. 64.70 on the BSE.
The scrip opened at Rs. 62.00 and has touched a high and low of Rs. 66.00 and Rs. 60.75 respectively. So far 1640 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 153.60 on 15-Apr-2025 and a 52 week low of Rs. 60.75 on 02-Mar-2026.
Last one week high and low of the scrip stood at Rs. 77.90 and Rs. 60.75 respectively. The current market cap of the company is Rs. 921.53 crore.
The promoters holding in the company stood at 56.24%, while Institutions and Non-Institutions held 6.70% and 37.05% respectively.
Finkurve Financial Services (Arvog) has entered into a strategic co-lending partnership with Godrej Finance (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 will hold an 80% participation, while 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.
