MobiKwik’s wholly owned subsidiary, MobiKwik Financial Services Pvt Ltd (MFSPL), has received a Certificate of Registration (CoR) from the RBI. MobiKwik's subsidiary, MobiKwik Financial Services Private Limited, has received RBI approval to operate as an NBFC, with plans to launch operations within 3-6 months. The Reserve Bank of India has officially granted MobiKwik Financial Services the green light to operate as an NBFC.