One Mobikwik Shares Surge 11% Following RBI Approval for NBFC License
One Mobikwik Shares Rally 11% As Fintech App Gets RBI Approval For NBFC License
Ndtv
Image: Ndtv
One Mobikwik, a fintech company in India, received approval from the Reserve Bank of India (RBI) for its non-banking financial company (NBFC) license, allowing it to launch MobiKwik Financial Services. The stock surged by 11% following this announcement, reflecting positive market sentiment.
- 01One Mobikwik received RBI approval for its NBFC license.
- 02The approval enables the launch of MobiKwik Financial Services.
- 03The stock price increased by 11% following the news.
- 04The approval process took less than four months.
- 05The move is seen as a significant step for Mobikwik's growth in financial services.
Advertisement
In-Article Ad
One Mobikwik, a prominent fintech company in India, has received approval from the Reserve Bank of India (RBI) for its non-banking financial company (NBFC) license. This approval is a significant milestone, allowing the company to establish MobiKwik Financial Services, which aims to enhance its lending capabilities and offer innovative credit products. Upasana Taku, Executive Director and Co-founder of Mobikwik, expressed gratitude towards the RBI for their trust, noting that the approval was granted in under four months, reflecting the credibility of the company. Following the announcement, One Mobikwik's shares rallied by 11% on Dalal Street, indicating strong investor confidence in the company's future prospects.
Advertisement
In-Article Ad
The approval for the NBFC license will enable One Mobikwik to offer more financial products, potentially benefiting consumers and merchants through improved access to credit.
Advertisement
In-Article Ad
Reader Poll
Do you think the NBFC license will significantly boost One Mobikwik's growth?
Connecting to poll...
More about Reserve Bank of India
MobiKwik Shares Surge After RBI Approves NBFC License
Business Standard • Apr 27, 2026
Impact of RBI's Cancellation of Paytm Payments Bank License on Parent Company Shares
The Economic Times • Apr 27, 2026
MobiKwik Secures RBI Approval for NBFC License to Launch Lending Services
The Economic Times • Apr 27, 2026
Read the original article
Visit the source for the complete story.