Dhanvarsha Finvest Ltd inks Co-Lending Partnership to offer Gold Loans with Central Bank of India

Dhanvarsha Finvest Limited ('Company') has entered into a Co-Lending Partnership with Central Bank of India ('CBOI') for providing hassle free customized lending to MSME Gold loan customers.

In this partnership, the Company will originate, service and collect on MSME gold loans under a joint credit and eligibility policy decided between the two entities. CBOI will take 80% of these loans in its own books while the Company will retain 20%.

Definitive Agreements for the aforesaid Co-lending partnership have been executed between the Company and CBOI on August 07, 2021.

This partnership will enable robust portfolio growth for both entities while offering customized solutions and a superior experience to the underbanked and underserved MSME customer.

Shares of Dhanvarsha Finvest Limited was last trading in BSE at Rs. 739.7 as compared to the previous close of Rs. 728.35. The total number of shares traded during the day was 32372 in over 193 trades.

The stock hit an intraday high of Rs. 760 and intraday low of 726.3. The net turnover during the day was Rs. 23793437.

Shares of Central Bank of India was last trading in BSE at Rs. 21.95 as compared to the previous close of Rs. 21.9. The total number of shares traded during the day was 1634201 in over 10320 trades.

The stock hit an intraday high of Rs. 22.7 and intraday low of 21.8. The net turnover during the day was Rs. 36158447.

Source : Equity Bulls

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