Deals7 Mar 2025, 03:10 pm
RBI Grants Jana Small Finance Bank AD-1 License for Foreign Exchange Dealing
AI Summary
Jana Small Finance Bank Ltd. has received approval from the Reserve Bank of India (RBI) for an Authorized Dealer Category - 1 (AD-1) License. The RBI, in its letter dated 06th March 2025, granted the license allowing the bank to deal in foreign exchange under section 10 of FEMA, 1999. Compliance with applicable regulations is required.
Key Highlights
- RBI grants AD-1 License to Jana Small Finance Bank
- Allows the bank to deal in foreign exchange
- Subject to compliance with FEMA, 1999 regulations