Regulatory13 Aug 2026, 06:21 pm
Prithvi Exchange Gets Perpetual AD-II License from RBI
AI Summary
Prithvi Exchange (India) Ltd has received a perpetual license under Authorised Dealer Category-II (AD-II) from the Reserve Bank of India (RBI), dated August 13, 2026. This license allows the company to conduct enhanced foreign exchange activities, including processing trade remittances for eligible transactions and facilitating outward remittances for family maintenance and other permissible purposes. The perpetual nature of the license is expected to strengthen the company's regulatory standing and expand its operational capabilities and service offerings in the foreign exchange market.
Key Highlights
- Received perpetual Authorised Dealer Category-II license from RBI.
- License enables enhanced foreign exchange business activities.
- Authorizes processing of trade remittances and outward remittances.
- Strengthens regulatory standing and operational capabilities.
- Enhances comprehensive foreign exchange service offerings.
Price Impact
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