According to the RBI's approval letter, Flipkart submitted its application for the licence in 2022. The RBI has not yet ...

More than a year ago, when we unpacked Flipkart’s fintech ambitions, we never expected this new vertical to become the focal ...

Flipkart just scored a major financial industry first. The Reserve Bank of India (RBI) granted the e-commerce leader a Non-Banking Financial Company (NBFC) license. Now, Flipkart has become India's ...

Shares in retail giant Walmart (WMT) fell today as its Indian e-commerce arm Flipkart secured a lending license from the nation’s banking regulator. The green light from the Reserve Bank of India and ...

Flipkart has obtained a non-banking finance company (NBFC) licence from the Reserve Bank of India, allowing it to issue loans ...

Walmart-owned Flipkart has secured regulatory approval from the Reserve Bank of India to operate as a non-bank finance company (NBFC), allowing it to offer loans directly to customers and sellers.

This is the first time that the RBI has granted a large e-commerce player in the country a non-bank finance company (NBFC) ...

It would be interesting to see how Flipkart’s fintech play blooms as it becomes India’s first ecommerce platform with an NBFC ...

Flipkart has received a lending licence from the Reserve Bank of India (RBI), the Walmart-backed ecommerce company confirmed ...

Flipkart receives NBFC license from RBI, enabling direct customer lending. Walmart-backed e-commerce giant plans to leverage this for growth in India.

The market cap of the company is Rs 3,182 crore. Earlier, the NBFC raised the first tranche of USD 50 million through the issuance of secured foreign currency convertible bonds (FCCBs).