National News
Finkurve Financial Services Limited appoints . CVR. Rajendran as Strategic Advisor
Finkurve Financial Services Limited (BSE: 508954), among the leading Tech first Gold Loan NBFC, announced the appointment of Mr. CVR. Rajendran as an Strategic Advisor.
CVR. Rajendran brings over 44 years of extensive experience in the banking and financial sectors, including 18 years in board-level positions. In the span of his career, he has driven growth and transformation at CSB bank as the CEO, spearheaded strategic initiatives and operational excellence at Andhra Band as Chairman and MD, played a pivotal role in shaping the mutual fund industry as CEO of Association of Mutual Funds of India (AMFI), served on the board of NSE Clearing Corporation for six years as their Public Interest Director ensuring governance and regulatory compliance as well as provided strategic leadership and oversight as the Executive Director of Bank of Maharashtra.
He has also been a member of the search Committee for Non-Executive Chairman of PSU Banks, before the formation of the Banking Appointment Committee as well as a member of the Advisory Committee on Service Providers, IBBI continuing his role in shaping regulatory policies in the insolvency and bankruptcy ecosystem.
With a wealth of experience in banking, financial services, and regulatory frameworks, Mr. Rajendran’s guidance will be instrumental in Finkurve Financial Services Limited’s growth and strategic direction.
Commenting on the performance, Priyank Kothari, Director said, ““We are thrilled to welcome CV Rajendran as an Advisor to Finkurve Financial Services Limited. His leadership and expertise in gold loans, honed during his time at CSB Bank—one of India’s fastest-growing banks—will be invaluable as we accelerate our expansion. Mr. Rajendran played a key role in CSB Bank’s success, driving significant growth in gold loans, and his insights will help strengthen our governance, reinforce best practices, and accelerate our growth strategy. With his deep expertise in banking, financial services, and regulatory frameworks, we are confident that his guidance will be instrumental in shaping our strategic direction and reinforcing our position as a leading Tech-first Gold Loan NBFC while continuing to drive innovation and excellence in the sector.””
With Mr. CVR Rajendran’s strategic guidance and extensive industry experience, Finkurve Financial Services Limited is well-positioned to drive innovation, enhance operational efficiencies, and reinforce its leadership in the Gold Loan NBFC sector. The company remains committed to leveraging technology and expertise to deliver superior financial solutions and long-term value to its stakeholders.
Silver prices experienced a dramatic single-day surge of RS10,000 on Monday, reaching Rs1.74 lakh per kg. This rally is part of a larger trend that has seen silver prices double in the last 12 months (outperforming gold’s 60% gain).
The price acceleration is primarily attributed to a persistent global supply deficit, increased investment demand, and macroeconomic factors like a weaker US Dollar and rising expectations of interest rate cuts by the US Federal Reserve. Experts predict the supply shortage will continue, providing significant headroom for further price appreciation into 2026.
The spike to Rs1.74 lakh per kg 1.64 lakh per kg was driven by four interconnected factors:
- Supply Squeeze: The most critical driver is the ongoing global silver supply shortage. The total silver production stands at approximately 26,000 tonnes, while the deficit this year is estimated between 6,000 and 7,500 tonnes, one of the largest in recent decades. Global demand has been consistently outstripping supply since 2020, as most silver is mined as a by-product of other metals (gold, lead, zinc), limiting its independent supply growth.
- US Rate Cut Expectations: Rising anticipation that the US Federal Reserve will cut interest rates, likely due to a projected economic slowdown continuing into 2026, is attracting investors back to non-yielding assets like silver and gold.
- Softer US Dollar: A globally weaker US Dollar makes dollar-denominated commodities, including silver, cheaper for holders of other currencies, thus boosting demand.
- Rupee Weakness: The recent weakness of the Indian Rupee against the US Dollar further contributes to the higher price of imported silver in the domestic market.
Investment demand for silver reached a projected 1,751 tonnes in calendar year 2025, reflecting a sharp 350-tonne increase from 2024 levels, as reported by Metals Focus. This surge stemmed from persistent market deficits—marking the seventh consecutive year—with cumulative shortfalls nearing 25,000 tonnes since 2021, fueled by structural supply constraints and accelerating industrial needs. Retail and institutional interest, particularly in Asia and North America, drove inflows into silver-backed ETPs, coins, and bars, amplifying the demand spike amid economic uncertainty.
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