Eligible NBFCs can get licence to offer forex transactions to individuals: RBI1 min read . Updated: 16 Apr 2019, 11:26 PM IST
- To increase the accessibility of services for day-to-day non-trade current account transactions, RBI allows non-deposit taking NBFCs to get AD-Cat II licence
- RBI notes that a large segment of population is increasingly getting connected with forex transactions on individual accounts
MUMBAI : The Reserve Bank of India (RBI) Tuesday said systematically important non-deposit taking NBFCs offering foreign exchange transactions on individual accounts will be eligible to obtain Authorised Dealer (AD) Category-II licence from it.
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