Tech
Flipkart Gets RBI Nod For Direct Lending In India: Report
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SUMMARY
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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