Company updateInc42
MobiKwik to begin NBFC ops within 6 months
Positive+1
GreyOak summary
MobiKwik's subsidiary received RBI clearance to operate as an NBFC, allowing it to start lending operations in three to six months. The company plans to use a 10:90 co-lending model to disburse up to ₹5,000 Cr over the next few years. This move complements its existing lending services and follows a recent profit turnaround.
What it affects
- One Mobikwik SystemsMOBIKWIKPositive +1
MobiKwik to start NBFC ops in 6 months.Rolling sentiment Positive +46
- RBI regulationPositive 0
RBI granted NBFC registration to MobiKwik.Rolling sentiment Positive +21
Source
Read the original at Inc42More One Mobikwik Systems news
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