MobiKwik's subsidiary gets SEBI nod to operate as stock broker and clearing member
This approval, granted under the SEBI (Stock Brokers) Regulations, 1992, authorizes MSBPL to undertake activities such as buying, selling, and dealing in securities, as well as clearing and settlement of trades. It also opens doors for the company to explore additional services permitted by stock exchanges and clearing corporations.
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The certificate is effective from July 1, 2025, and notably, it does not carry an expiry date, signaling a long-term green light from the market regulator.
There have been no instances of suspension, withdrawal, or penalties associated with this license.
Bipin Preet Singh, Co-founder, MD & CEO, MobiKwik, stated, 'The stock broking license marks a significant milestone for us as we enter the Indian equity markets. India has witnessed incredible growth in retail investor participation, and we believe our platform can help demystify investing for users taking their first steps into the markets. With this, we move a step closer to our goal of building a full-stack fintech platform that eases the adoption of digital financial services for the untapped populace of Bharat.'
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