MobiKwik gets RBI nod for NBFC licence, to launch in-house lending arm

Financial Technology company One MobiKwik Systems said it has received an approval from the Reserve Bank of India for a non-banking financial company (NBFC) licence on Monday, paving the way for the … Fintech firm MobiKwik has secured a crucial Reserve Bank of India approval for a non-banking financial company license. This paves the way for MobiKwik to launch its own lending business through a wholly owned subsidiary. The company plans to offer new credit…