AU Small Finance Bank on Wednesday said that it has received the permission from the Reserve Bank of India (RBI) to act as an authorised dealer to deal in foreign exchange.
The SFB in its SEBI Filing said that the Reserve Bank of India has granted license to act as Authorized Dealer Category-I (AD-I) under section 10 of FEMA, 1999 to deal in foreign exchange.
From now, the company will be allowed to deal in foreign exchange subject to compliance with applicable regulations.
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