MobiKwik gets RBI approval for NBFC license
27 Apr 2026, 01:57 PMThe NBFC license will allow the fintech company to launch a new lending division -- MobiKwik Financial Services Pvt Ltd.
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Fintech company MobiKwik said on Monday that the Reserve Bank of India (RBI) has approved it application for a non-banking financial company (NBFC) license.
The NBFC license will allow the fintech company to launch a new lending division -- MobiKwik Financial Services Pvt Ltd, as per filings with the stock exchanges.
The company aims to roll out new credit products -- both secured and unsecured to consumers and MSMEs in underserved regions, it said.
Upasana Taku, executive director, co-founder & CFO, MobiKwik, noted that the application was approved under four months.
"This gives us the regulatory framework to deepen our credit offerings while maintaining strong governance and risk discipline," she added.
MobiKwik clocked a 7% rise in revenue from operations to Rs 289 crore in the quarter ended December FY26 from Rs 270 crore in Q3 FY25.
It swung to a net profit of Rs 4 crore in Q3 FY26 from a net loss of Rs 53 crore in the year-ago period.
Earlier in February, Mobikwik said that its wholly-owned subsidiary, Mobikwik Securities Broking, has received approval from the Bombay Stock Exchange (BSE) to start its stock broking business.
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