Bengaluru, June 6 -- 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, 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, where U.S. retail giant Walmart holds more than an 80% stake, applied for the license in 2022, according to the central bank’s approval letter. Related articles Robinhood stock edges ...

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, ...

Flipkart secures NBFC license from RBI—becomes first Indian e-comm player to offer direct lending. Story by Livemint • 3d. F lipkart has received a lending licence from the Reserve Bank of ...

Flipkart Secures RBI’s Approval For Direct Lending: Report. BW Online Bureau Jun 05, 2025 ... (NBFC) license. This allows the company to lend but not take deposits. ...

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.

This marks a major shift in India’s digital lending landscape, as Flipkart will now be able to offer loans directly to its customers—a first for an Indian online marketplace.

This approval has not been reported previously. Flipkart, where U.S. retail giant Walmart holds more than an 80% stake, applied for the license in 2022, according to the central bank’s approval letter ...