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The latest action is part of the RBI’s ongoing efforts to strengthen oversight of the NBFC sector.
The approval, granted under the NBFC-ND-ICC category, will enable the company to directly offer secured mortgage loans to borrowers.
The Mumbai-based non-banking financial company's net loss widened to Rs 333.27 crore in FY26 from Rs 288.34 crore in the previous year.
The Bengaluru-based non-banking financial company's net profit fell 46% to Rs 93.32 crore in FY26 from Rs 172.27 crore in the previous year.
A majority of the affected entities were registered in West Bengal and Delhi.
The Chennai-based company will deploy the fresh capital to strengthen technology infrastructure, advance analytics-led underwriting, build centralised risk systems, and hire senior talent across critical functions.
The capital raise will enable the lender to grow presence in high-potential markets, among others.
Airtel will bring in 70% of the funds and promoter group Bharti Enterprises Ltd will cover the remaining 30%.
The listing of Aye Finance will go ahead because the public issue has met the minimum subscription limit of 90%.
The funds were raised via a mix of listed non-convertible debentures (NCDs) and external commercial borrowings (ECB).
