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. According to reports from CNBC TV18, 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. As reported by CNBC TV18, 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.
Commenting on the partnership, Pankaj Gupta, MD & CEO of Godrej Finance, stated that 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. According to CNBC TV18, 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. As reported by CNBC TV18, disbursements, servicing, and collections will be managed through a structured mechanism, with joint portfolio monitoring ensuring transparency, regulatory compliance, and prudent risk management.
According to CNBC TV18, Finkurve Financial shares closed down on NSE at ₹66.91, down ₹2.83 (4.06%) on 5 March 2026, following the announcement of this strategic partnership.
