MobiKwik Secures RBI NBFC License Approval

MobiKwik Group received RBI approval for its NBFC license application, enabling expansion of regulated lending capabilities.
The NBFC subsidiary will launch new secured/unsecured credit products for consumers and MSMEs with faster go-to-market.
Approval provides access to sustainable capital through co-lending and expected improvement in lending margins for the Group.
The NBFC will leverage MobiKwik's 186M+ customer base and focus on Tier 2/3 cities for financial inclusion.