MobiKwik Secures Reserve Bank Approval for NBFC License

Original: Mobikwik gets central bank nod for non-banking financial company licence

The Economic Times•Apr 27, 20261 min

In a Nutshell

MobiKwik Group has received approval from the Reserve Bank of India for a non-banking financial company (NBFC) license. This move is expected to enhance MobiKwik's capabilities in the digital finance sector in India.

Key Points

01MobiKwik has obtained an NBFC license from the Reserve Bank of India.
02The approval will allow MobiKwik to expand its financial services.
03This marks a significant step for MobiKwik in the fintech industry.
04The NBFC license will enhance MobiKwik's offerings in digital finance.
05The move aligns with India's growing fintech landscape.

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Full Summary

MobiKwik Group, a prominent player in India's fintech sector, has received approval from the Reserve Bank of India (RBI) for a non-banking financial company (NBFC) license. This approval is a pivotal development for MobiKwik, enabling the company to broaden its financial services and strengthen its...

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Why It Matters

The NBFC license will enable MobiKwik to offer more financial products, potentially benefiting consumers seeking digital financial solutions.

Who is affected

MobiKwik users and potential customers in India.

What to know

Consumers interested in digital finance should explore the new services that MobiKwik will offer following this approval.

FAQ

The NBFC license allows MobiKwik to expand its financial services and offer a wider range of financial products.

This approval is significant as it enhances MobiKwik's capabilities in the digital finance sector and strengthens its position in the competitive fintech market.

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