MONEY CONTROL Eligible NBFCs to get license


  • Systematically important non-deposit taking NBFCs offering foreignexchange transactions on individual accounts will be eligible to obtainAuthorised Dealer (AD) Category-II licence from it.
  • AD-Cat II means entities that are authorised by the RBI to deal in foreignexchange for specified purposes.
  • These include upgraded full-fledged money changers (FFMCs), and selectregional rural banks.
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