Bengaluru, June 6 -- Flipkart just scored a major financial industry first. The Reserve Bank of India (RBI) granted the e-commerce leader a Non-Banking Financial Company (NBFC) license. Now, Flipkart has become India's first major online marketplace to secure direct lending rights. This landmark approval fundamentally changes its financial services game.

This authorisation marks a significant shift for the Walmart-owned giant. Previously, Flipkart relied solely on partner banks for loans. Now, it possesses the power to lend from its own substantial balance sheet.

Direct Lending Power This NBFC license unlocks transformative potential for Flipkart. Immediately, it empowers the platform to offer loans directly. Both consumers browsing pro...