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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.

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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.

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National News

SEBI proposes price bands for gold and silver ETFs

The unprecedented volatility in the prices of gold and silver in recent weeks has prompted markets regulator Sebi to have a closer look at the price bands and circuit filters for exchange traded funds (ETFs).

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Sebi proposed to put +/-20% price bands on ETFs on two precious metals, gold and silver. Part of the price band could also depend on the volatility in prices of these metals in the international markets, Sebi said. The regulator is also proposing graded price bands for ETFs on debt and equity indices, with a similar +/-20% range.

In the seven-page consultation paper, Sebi proposed an initial price band of +/-6% for gold and silver ETFs, which may be flexed up to +/-20% during the trading day subject to a cooling off period.

After exhausting the initial price band there will be a cooling-off period of 15 minutes, thereafter the price band will be flexed by 3%. In case the price movement in the international markets is more than the aggregate daily price limit (DPL) of 9%, the same may be further relaxed in stages of 3% by the exchange with a cooling-off period of 15 minutes. The single day maximum variation of +/-20% would be applicable

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