AU Small Finance Bank gets forex-dealing nod

The Reserve Bank of India (RBI) has granted an authorised dealer-I (AD-I) licence to AU Small Finance Bank, the small financier said in an exchange filing on Wednesday.

“We wish to inform you that the Reserve Bank of India vide its letter dated 19th April, 2023 has granted licence to act as authorised dealer Category-I (AD-I) under Section 10 of FEMA, 1999 to deal in foreign exchange, subject to compliance of applicable regulations in this regard,” the filing said.

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