MobiKwik shares jump 4% as RBI approves NBFC licence; co targets Rs 5,000 crore loans

Shares of One MobiKwik Systems rose 4% on Friday, November 6, after the fintech company announced that its wholly owned subsidiary had received final approval from the Reserve Bank of India (RBI) to operate as a non-banking financial company (NBFC), paving the way for the company to enter direct lending.

MobiKwik Financial Services Private Limited (MFSPL), the company’s subsidiary, received its Certificate of Registration from the central bank following an in-principle approval granted in April 2026.