Flipkart, in which U.S. retail behemoth Walmart holds a more than 80% stake, applied for the licence in 2022, according to the central bank's approval letter.

Flipkart secures NBFC license from RBI—becomes first Indian e-comm player to offer direct lending. Story by Livemint • 1w. F lipkart has received a lending licence from the Reserve Bank of ...

The NBFC license to Flipkart Finance Pvt. allows the company to lend money but not accept deposits. ... An NBFC license will let the Walmart-owned firm to offer credit to customers directly, ...

Ecommerce firm Flipkart has secured non-bank financial company (NBFC) licence from the Reserve Bank of India. This will enable the company to offer loans directly to consumers and sellers on its ...

Flipkart, in which U.S. retail behemoth Walmart holds a more than 80% stake, applied for the licence in 2022, according to the central bank’s approval letter.

Flipkart’s NBFC plans have been in the works for several years now. The company approached the central bank for a licence in 2022, and it took nearly three years for approval.