MobiKwik Shares Jump After RBI Approves Non-Banking Financial Company Licence

Shares of One MobiKwik Systems Ltd jumped more than 17% on Monday, 27 April 2026, after the company announced that the Reserve Bank of India (RBI) had approved its Non-Banking Financial Company licence application.

As of 2:45 PM on 27 April, One Mobikwik Systems was trading at ₹233, after hitting an intraday high of ₹241.90, against a day low of ₹202.49. The 52-week range sits between ₹151.46 and ₹334.00. The stock has gained 11.94% over the past week and 32.94% over the past month. Since listing in December 2024, it is down 14.74% on a one-year basis and down 2.28% year-to-date.

What The Approval Means

Until now, MobiKwik's lending activity has run through third-party lending partners. The Non-Banking Financial Company licence changes the model entirely. The group will now set up a wholly owned subsidiary called MobiKwik Financial Services Private Limited to handle credit product design, underwriting and distribution directly.

Both secured and unsecured products are planned, targeting retail consumers and Micro, Small and Medium Enterprises (MSMEs).

What The Company Said

Upasana Taku, Executive Director, Co-founder and Chief Financial Officer of MobiKwik, said the approval coming in under four months was an endorsement of the group's credibility. She described the Non-Banking Financial Company licence as a pivotal step in MobiKwik's journey toward becoming a full-stack financial services platform.

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Why It Matters

MobiKwik already has over 186 million users, a functioning risk underwriting system and collection infrastructure. The Non-Banking Financial Company licence lets the group put all of that to work directly rather than passing the economics to external lending partners. For a company that listed less than two years ago, it is a meaningful shift in how the business is positioned.

Sources:

The Economic Times

Moneycontrol

Livemint