MobiKwik gets RBI NBFC registration for subsidiary
In short
MobiKwik has got RBI registration to run an NBFC through its subsidiary, MobiKwik Financial Services. It expects to start in three to six months and plans to give out ₹5,000 crore in loans over three to four years.
This could expand MobiKwik’s lending business and add a new financial service for customers.
What the reporting says
MobiKwik has received RBI registration to operate as an NBFC through its subsidiary, MobiKwik Financial Services, according to a Mint summary. The company expects to start operations in three to six months and aims to disburse ₹5,000 crore in loans over the next three to four years.
Why it matters
MobiKwik received RBI registration to operate as an NBFC through its subsidiary, MobiKwik Financial Services. The company expects to begin operations in three to six months and aims to disburse ₹5,000 crore in loans over the next three to four years.