Company updateMint
MobiKwik secures NBFC registration for lending
Positive+39
GreyOak summary
MobiKwik obtained a Certificate of Registration from the RBI to operate as a Non-Banking Financial Company. Its subsidiary, MobiKwik Financial Services, will commence operations in three to six months. The NBFC plans to disburse loans worth ₹5,000 crore over the next three to four years, leveraging its existing payment network and technology infrastructure.
What it affects
- One Mobikwik SystemsMOBIKWIKPositive +39
Secured NBFC registration to expand lending.Rolling sentiment Positive +42
Source
Read the original at MintMore One Mobikwik Systems news
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