MobiKwik subsidiary gets RBI nod for NBFC operations
In short
MobiKwik’s wholly owned subsidiary, MobiKwik Financial Services Pvt Ltd, got a Certificate of Registration from the RBI.
The company is set to begin NBFC operations within six months after the clearance. This could expand MobiKwik’s financial services business.
What the reporting says
MobiKwik’s wholly owned subsidiary, MobiKwik Financial Services Pvt Ltd, received a Certificate of Registration from the RBI, according to an Inc42 summary. The clearance allows the company to begin NBFC operations within six months.
Why it matters
MobiKwik Financial Services Pvt Ltd, MobiKwik’s wholly owned subsidiary, received an RBI Certificate of Registration, clearing the way for NBFC operations within six months. The source summary links the approval directly to the planned start of lending-style financial activity. For MobiKwik, the move is a step into regulated financial services and could broaden its business mix.