Skip to content
Free updates Login
BankingNABARD / RBI

Flipkart Secures NBFC Licence from RBI for Direct Lending

6 June 20251 min read
BANKING & FINANCEFlipkart SecuresNBFC Licence fromRBI for DirectLending6 June 2025safalsetu.com

Why in the news

Flipkart got an NBFC licence from the RBI, the first for a large Indian e-commerce company, per RBI papers Reuters reviewed.

Key facts

  • Granted: 13 March 2025; Flipkart Finance Pvt Ltd applied in 2022.
  • May lend to shoppers and marketplace sellers; no deposits.
  • Direct lending earns more than tie-ups with banks and NBFCs.
  • Walmart owns over 80% of Flipkart.

Implications

  • Deepens Walmart’s digital finance footprint in India.
  • May speed up the blend of e-commerce and embedded finance.

Exam angle

  • Regulator: RBI; NBFCs cannot take deposits.

Test yourself

1. Who granted Flipkart the NBFC licence reported in June 2025?

The Reserve Bank of India issued the NBFC licence.

2. Which activity is Flipkart's NBFC barred from doing?

As an NBFC, it cannot accept deposits.

3. Which firm is the majority owner of Flipkart with over 80% stake, per the notes?

The notes say Walmart owns more than 80% of Flipkart.

This topic is part of Daily Current Affairs 6 June 2025 (15 topics).

All topics of the dayDay quizJune 2025

Read more