Business Update9 Jan 2026, 09:41 pm
Capital India Finance Ltd. Renews Authorised Dealer Category-II Licence Until 2028
AI Summary
Capital India Finance Ltd. has announced the renewal of its Authorised Dealer Category-II Licence by the Reserve Bank of India. The licence, bearing no. NDL-ADII-0044-2023, was renewed on January 06, 2026, and is valid until January 31, 2028. This licence will enhance the revenue of the Company's Remitx vertical, which operates on a fee-based income model, catering to both retail and corporate travellers across all licensed locations in India.
Key Highlights
- Capital India Finance Ltd. has successfully renewed its Authorised Dealer Category-II Licence until 2028.
- The Reserve Bank of India renewed the licence on January 06, 2026.
- The licence will enable the Company’s Remitx vertical to buy/sell foreign exchange from/to retail as well as corporate travellers across all licenced locations in India.
- The Remitx business is a fee-based income model for the Company.
- The licence is valid until January 31, 2028.