Orange Retail Finance, Shriram Finance sign ₹100 crore gold-loan pact
In short
Orange Retail Finance India and Shriram Finance signed a ₹100 crore co-lending deal for gold loans in Tamil Nadu.
They will jointly originate and fund loans backed by gold jewellery, with a 20:80 split between ORFIL and Shriram Finance. The reporting does not say when lending starts or how big the business could become.
What the reporting says
Orange Retail Finance India and Shriram Finance signed a ₹100 crore co-lending agreement to offer gold loans in Tamil Nadu. BusinessLine said the two firms will jointly originate and fund loans secured against gold jewellery, with a 20:80 participation ratio between ORFIL and Shriram Finance. The report does not state timing for rollout, loan volumes, or any regulatory approval needs.
Why it matters
Orange Retail Finance India and Shriram Finance entered a ₹100 crore co-lending pact to offer gold loans in Tamil Nadu. The agreement includes joint origination and funding against gold jewellery, with participation of 20:80 between ORFIL and Shriram Finance. The report does not state when the partnership begins or the expected loan pipeline, but it points to lending activity in the gold-loan segment.