Finkurve, Godrej Finance partner to offer gold loans under RBI co-lending model

Finkurve Financial Services Limited has announced 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 will hold 80% participation, while Finkurve Financial Services (Arvog) will retain a 20% share, with risks and rewards shared as per RBI guidelines. The collaboration allows Arvog to scale its gold loan portfolio in a capital-efficient manner, supporting growth without a proportionate increase in balance sheet deployment.

Arvog will lead loan sourcing and origination through its branch-led model, handling customer acquisition, onboarding, KYC processes, and gold valuation, while credit assessment and sanctioning will follow a mutually agreed framework to ensure disciplined underwriting. Disbursements, servicing, and collections will be managed through a structured mechanism, with joint portfolio monitoring ensuring transparency, regulatory compliance, and prudent risk management.

Commenting on the partnership, Pankaj Gupta, MD & CEO of Godrej Finance, said the collaboration aligns with their strategy to broaden secured lending and serve households relying on gold as a trusted financial asset in a structured, transparent manner. Naveen Kottala, CEO of Arvog, added that the partnership enables sustainable growth while maintaining capital efficiency, disciplined risk management, liquidity standards, and high asset quality.

The co-lending model is expected to enhance capital rotation, liquidity management, and cost-efficient funding, helping both partners deliver sustainable returns while maintaining a conservative risk profile.

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Finkurve Financial shares closed down on NSE at ₹66.91, down ₹2.83 (4.06%) on 5 March 2026.