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Flipkart secures NBFC licence

It is the first e-commerce company that the RBI has given permission to directly give loans. E-commerce giant Flipkart has secured an NBFC (non-banking financial company) licence from the Reserve Bank of India (RBI). Its group entity, Flipkart Finance Private Limited, was granted the approval and registered as an NBFC on March 13. This allows Flipkart to directly disburse loans, a higher margin play than just distributing loans for other lenders. Flipkart is also in the process of shifting its holding company from Singapore to India as a precursor to an IPO.

PB Fintech’s excellent results need to be read with caution

Abir Dasgupta / May 19, 2025

PB Fintech’s quarterly results were impressive, showing remarkable growth in revenue and a zoom in profits. However, the market’s reaction was subdued, and analysts are divided between buy and sell recommendations. Caution is needed because two of the leading products—Policybazaar and PaisaBazaar—yielded low margins. Furthermore, the credit business, especially unsecured lending, is slowing down following mandates from the Reserve Bank of India (RBI). Another risk is the potential for policy lapses leading to clawbacks on commissions already booked as revenue.

Flipkart secures NBFC licence

PB Fintech’s excellent results need to be read with caution

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