MobiKwik Secures RBI NBFC Licence to Launch Operations Soon

6 Nov 2026, 5:26 pm · 2h ago · 1 min read · Inc42New

Fintech firm MobiKwik's subsidiary, MobiKwik Financial Services Private Limited, has secured a Certificate of Registration from the Reserve Bank of India to operate as a non-banking financial company. Following RBI clearance on November 5, the company plans to launch lending operations within three to six months. MobiKwik aims to disburse ₹5,000 crore in loans over the next three to four years across retail consumers and MSMEs. Operating an asset-light co-lending framework alongside banking partners, the dedicated NBFC will initially route approximately 10% of total digital loan originations, strengthening margins, underwriting control, and overall credit execution.