Licensing as Authorised Dealer- Category II - ஆர்பிஐ - Reserve Bank of India
Licensing as Authorised Dealer- Category II
RBI/2018-19/170 April 16, 2019 To All Systemically Important Non-Deposit taking Non-Banking Financial Company – Investment and Credit Companies Madam/Sir, Licensing as Authorised Dealer- Category II A large segment of population is increasingly getting connected with forex transactions on individual accounts. In order to increase the accessibility and efficiency of services extended to the members of the public for their day-to-day non-trade current account transactions, it has been decided that Systemically Important Non-Deposit taking Investment and Credit Companies shall be eligible for Authorized Dealer- Category II (AD- Cat II) licence, subject to meeting the following conditions:
2. The eligible NBFCs desirous of undertaking AD-Cat II activities shall approach the Reserve Bank of India, Foreign Exchange Department, Central Office, Mumbai for the AD-Cat II licence. 3. Master Direction - Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016 has been modified accordingly. Yours faithfully, (Manoranjan Mishra) |