One Mobikwik share price jumps over 17% after RBI grants NBFC approval to fintech firm

One MobiKwik Systems share price surged more than 17% during the intraday trading session on Monday, April 27, after the fintech company announced that the Reserve Bank of India (RBI) has approved the Group’s non-banking financial company (NBFC) license, according to an exchange filing.

With RBI’s approval for the NBFC license, the company now aims to foray into the digital lending business with the help of MobiKwik Financial Services Private Limited, a wholly-owned subsidiary of the firm.

NSE data showed that after the RBI green light was filed with the stock exchanges, One MobiKwik shares surged 17.5% to their intraday high of ₹237.77, compared to ₹202.22 at the previous stock market close.

MobiKwik’s lending business plans

Using its MobiKwik Financial Services subsidiary, the company aims to expand its regulated lending capabilities, design innovative credit products, and cater to a wider base of consumers and merchants with greater efficiency and control in the market.

MobiKwik will also leverage its more than 186 million customer base, backed by its tech infrastructure, risk underwriting and collection capabilities to launch new credit products in the industry.

“While the core focus will remain on Tier 2 and Tier 3 cities, the services will be offered across the nation, leveraging India’s diverse geographical potential,” the company said in its exchange filing.

NSE filings also showed that the company aims to offer both secured and unsecured credit options to the customers and MSMEs in the ‘underserved’ geographical areas in the market. One MobiKwik Systems will start its lending operations after receiving the Certificate of Registration (COR) from RBI on the fulfilment of certain conditions.

“The NBFC application approval is a pivotal step in MobiKwik Group’s evolution into a scaled financial services platform,” said Upasana Taku, the executive director, co-founder and CFO of MobiKwik. “This gives us the regulatory framework to deepen our credit offerings while maintaining strong governance and risk discipline.”

The company also said that it will have the core focus on the Tier 2 and Tier 3 cities for its NBFC operations, with the framework backed by AI-ML models and personalised financial product offerings for users.

Mobikwik share price

As of 2:30 pm, Mobikwik shares were trading 15.86% higher at ₹234.26 on Monday, compared to the previous market close levels, as per NSE data. The company announced its RBI approval update during the afternoon market hours on Monday.

Although shares of Mobikwik have lost 9% in the past year, the company’s stock has delivered 3% returns so far in 2026. One MobiKwik Systems share has gained more than 41% in the past one month, and was trading 18% higher in the last five market sessions.

Mobikwik stock hit its 52-week high of ₹334 on September 8, 2025, while the 52-week low was at ₹151.46 on March 30, 2026, according to the exchange data. The company’s market capitalisation (M-Cap) was at ₹1,857 crore as of Monday’s trading session.