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The ecommerce giant received the NBFC license to offer loans to its consumers
However, Flipkart is not allowed to take deposits
The company applied for the NBFC licence in 2022
Ecommerce giant Flipkart has reportedly secured non-bank finance company (NBFC) licence from the Reserve Bank of India to offer loans directly to consumers and sellers on its platform.
The licence permits Flipkart to provide loans without the capacity to accept deposits, Reuters reported, citing…
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The ecommerce giant received the NBFC license to offer loans to its consumers
However, Flipkart is not allowed to take deposits
The company applied for the NBFC licence in 2022
Ecommerce giant Flipkart has reportedly secured non-bank finance company (NBFC) licence from the Reserve Bank of India to offer loans directly to consumers and sellers on its platform.
The licence permits Flipkart to provide loans without the capacity to accept deposits, Reuters reported, citing…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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