Company updateCNBC-TV18
MobiKwik gets RBI licence to operate as NBFC
Positive+12 sources
GreyOak summary
MobiKwik received final RBI approval to operate as a non-banking financial company through its subsidiary. The firm targets disbursing ₹5,000 crore in loans over the next three to four years using an asset-light co-lending model. This move allows the company to originate loans directly while retaining partnerships with established lenders.
What it affects
- One Mobikwik SystemsMOBIKWIKPositive +1
Received RBI NBFC licence to originate loans directly.Rolling sentiment Positive +46
- RBI regulationPositive 0
Rolling sentiment Positive +21
Source
Read the original at CNBC-TV18More One Mobikwik Systems news
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