Walmart's Flipkart has obtained a lending licence from the Reserve Bank of India (RBI), allowing the e-commerce platform to provide loans directly to its customers and sellers. This development marks ...

(Reuters) -Walmart's Flipkart has secured a lending licence from the Indian central bank and banking regulator, enabling it to offer loans directly to customers and sellers on its platform, a ...

This is the first time the RBI has granted a large e-commerce player in India a non-bank finance company (NBFC) licence For a better experience, Read this story in our App SENSEX 81,896.79 ...

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Flipkart has received a lending licence from the Reserve Bank of India. This allows the e-commerce giant to offer loans directly to customers and sellers. Flipkart applied for the licence in 2022 ...

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.

This is the first time the Reserve Bank of India has granted a large e-commerce player in India a non-bank finance company (NBFC) licence, allowing it to lend but not take deposits. Sign up here.

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.

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