Delhivery Financial Services Gets RBI Type-II NBFC Approval
Why in the news
The central bank cleared a logistics group’s financial arm to operate as a non-deposit NBFC, widening the services it can give to its network.
Key facts
- Company: Delhivery Financial Services Pvt. Ltd., a subsidiary of Delhivery Limited.
- Regulator: Reserve Bank of India.
- Licence: Type-II NBFC-ND (Non-Deposit Taking).
- Products planned: credit, insurance, payment solutions and fuel cards.
Quick revision
- Purpose: reinforce the parent group’s logistics ecosystem with financial products.
- A non-deposit taking NBFC does not accept public deposits.
Exam angle
- Licence type: Type-II NBFC-ND.
- Parent: Delhivery Limited; approving body: RBI.
- Four products: credit, insurance, payments, fuel cards.