MobiKwik Receives NBFC Licence Approval from RBI
One MobiKwik Systems Ltd shares jumped over 17% intraday on April 27, 2026, after the company announced that the Reserve Bank of India (RBI) has approved its application for a Non-Banking Financial Company (NBFC) licence. The stock hit an intraday high of ₹237.77, marking a 17.5% gain from the previous close of ₹202.22.
RBI NBFC approval details
The RBI approval allows MobiKwik to launch MobiKwik Financial Services Private Limited (MFSPL), a wholly-owned subsidiary that will handle regulated lending operations. The company will commence NBFC activities after receiving the Certificate of Registration (CoR) from RBI, subject to fulfilling certain conditions.
Upasana Taku, Executive Director, Co-founder, and CFO of MobiKwik, said: "The NBFC application approval is a pivotal step in MobiKwik Group's evolution into a scaled financial services platform. We are especially pleased that the application has been approved in under four months, which is an endorsement of the Group's credibility.".
Share price reaction
MobiKwik shares opened at ₹203.15 and surged 15.86% to ₹234.26 by 2:30 PM on April 27. The stock had already gained 41% in the past month and 18% in the last five sessions, reflecting strong momentum ahead of the announcement.
Despite a 9% decline over the past year, the NBFC approval triggered a sharp recovery, sending shares to their highest levels in months.
What NBFC licence means for MobiKwik
The licence positions MobiKwik to:
- Expand regulated lending through its own NBFC arm
- Design innovative credit products for consumers and merchants
- Improve lending margins via co-lending models
- Scale financial services beyond payments and wallets
- Drive financial inclusion in Tier 2/3 citiesbusiness-standard+2
This approval transforms MobiKwik from a payments player into a full-stack financial services platform with direct lending capabilities.
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