PolicyEconomic Times
MobiKwik shares jump 4% as RBI approves NBFC licence
Positive+18
GreyOak summary
MobiKwik shares rose 4% after the RBI granted final NBFC licence approval to its subsidiary, MobiKwik Financial Services Private Limited. This allows the company to originate loans directly, targeting Rs 5,000 crore in disbursements over the next three to four years. The subsidiary plans to launch operations within three to six months using an asset-light co-lending model.
What it affects
- One Mobikwik SystemsMOBIKWIKPositive +18
Shares jumped 4% on RBI NBFC licence approval.Rolling sentiment Positive +46
- RBI regulationPositive +15
RBI approved NBFC licence for MobiKwik subsidiary.Rolling sentiment Positive +21
Source
Read the original at Economic TimesMore One Mobikwik Systems news
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