Appointment of Non-Deposit Accepting NBFCs with asset size of `.100 crore and above as sub - agents under Money Transfer Service Schemes (MTSS) - আৰবিআই - Reserve Bank of India
Appointment of Non-Deposit Accepting NBFCs with asset size of `.100 crore and above as sub - agents under Money Transfer Service Schemes (MTSS)
RBI/2014-15/174 August 12, 2014 To All Non-Deposit Accepting Non-Banking Financial Companies Dear Sirs, Appointment of Non-Deposit Accepting NBFCs with asset size of `.100 crore and above In order to broaden the network of sub-agents under the Money Transfer Service Schemes (MTSS), it has been decided to permit Non-Deposit Accepting NBFCs with asset size of `.100 crore and above to act as sub-agents under MTSS subject to the following conditions:
2. NBFCs desirous to act as sub-agents under the MTSS shall take prior approval of the Reserve Bank. Application in this regard may be forwarded to the concerned Regional Offices of the Reserve Bank of India. Yours faithfully, (K.K. Vohra) |