One Mobikwik Systems Limited has informed the Exchange regarding a press release dated April 27, 2026, titled "MobiKwik Group secures RBI approval for NBFC application".
MOBIKWIK · price
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MobiKwik Group has received RBI approval for its Non-Banking Financial Company (NBFC) license application, marking a major regulatory milestone. The approved NBFC will operate as MobiKwik Financial Services Private Limited (MFSPL), a wholly owned subsidiary. This enables MobiKwik to launch a new lending division offering both secured and unsecured credit products to consumers and MSMEs. The company will leverage its existing 186 million+ customer base, trusted brand, and AI-ML powered tech infrastructure. Operations will focus on Tier 2 and Tier 3 cities while expanding financial inclusion in underpenetrated regions. The NBFC framework will also enable co-lending partnerships for sustainable capital access.
Positive for shareholders as the NBFC license allows MobiKwik to enter regulated lending, potentially improving revenue streams and lending margins through its in-house credit business. The approval within four months signals regulatory confidence in the company's operations.