Delhivery subsidiary gets RBI NBFC registration

Regulatory Product ApprovalBusiness Updates View source PDF

DELHIVERY · price

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-2.7%1-day move

₹511.60

prior close

₹517.30

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AI summary

RBI has approved the application for grant of Certificate of Registration as a Type II-NBFC-ND for Delhivery Financial Services Private Limited, the wholly owned subsidiary of Delhivery Limited. The registration allows the subsidiary to operate as a non-deposit-taking non-banking finance company, subject to submission of certain documents to the RBI's satisfaction.

Likely market impact

Opens a new lending and fintech arm for Delhivery, adding a potential revenue stream beyond its core logistics business.