MobiKwik Shares Closed 2.18% Up After RBI Grants NBFC Licence; Company Targets ₹5,000 Crore Loan Disbursements Over Four Years

  • Posted: 07 Nov 2026, 11:32 AM IST
  • 2 Min. Read
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MobiKwik Shares Closed 2.18% Up After RBI Grants NBFC Licence; Company Targets ₹5,000 Crore Loan Disbursements Over Four Years
MobiKwik shares jumped after its NBFC subsidiary received final RBI approval, paving the way for direct lending.
Summary

RBI has granted MobiKwik’s subsidiary a licence to operate as an NBFC. This will allow the fintech firm to move into direct lending. Following this, MobiKwik shares closed higher on Friday.

Shares of One MobiKwik Systems Limited closed higher on Friday as its wholly owned subsidiary, MobiKwik Financial Services Private Limited (MFSPL), has received its Certificate of Registration from the Reserve Bank of India (RBI).

The approval follows an in-principle clearance granted in April 2026 and allows the company to originate loans directly, rather than relying solely on lending partnerships.

MFSPL plans to begin operations within the next three to six months. The initial plan will be to adopt an asset-light co-lending model with banks and other non-banking financial companies (NBFCs), while providing secured and unsecured credit products.

On 06 November 2026, MobiKwik shares closed at ₹224.82, up 2.18%, against the previous close of ₹220.03. The stock opened at ₹220.03 and moved between an intraday high and low of ₹235 and ₹215, respectively.

MobiKwik Plans ₹5,000 Crore Loan Disbursements

The company is targeting consumers and micro, small and medium enterprises (MSMEs) across India. It aims to disburse ₹5,000 crore over the next three to four years. The new licence is expected to give it greater control over product development, loan origination and the economics of its credit business.

MobiKwik intends to build on its existing technology infrastructure, customer data, analytics, credit assessment models and collections systems. Its existing network comprises 196 million users and 5 million merchants. This could provide a distribution base for its lending products.

Direct Lending Could Improve Credit Business

The NBFC licence gives MobiKwik the flexibility to launch lending products faster and participate more actively in loan origination. It could also help the company increase its share of earnings from credit products.

However, direct lending also brings greater responsibility for assessing borrowers, monitoring loans, managing collections and controlling credit losses. The company said its approach would centre on responsible lending, prudent underwriting and building a sustainable credit business.

Source

NSE

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About the Author
Vishwa Ved
Vishwa Ved

Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.

At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.

When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.

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