Flipkart secures NBFC licence from RBI, to begin lending from own books

Walmart-owned Flipkart has received a non-bank finance company (NBFC) licence from India’s central bank, allowing it to lend directly to customers and sellers on its platform for the first time. This enables Flipkart to offer loans independently rather than through partners, potentially boosting profitability. The e-commerce giant plans to start lending soon, pending internal approvals.