Jana Small Finance Bank Limited has received approval from the Reserve Bank of India (RBI) to operate as an Authorized Dealer Category-I (AD-I) under section 10 of FEMA, 1999. This crucial licence will enable the bank to conduct foreign exchange transactions, expanding its service portfolio and strengthening its position in the financial sector.
In an official filing with the stock exchanges, the bank stated that the RBI granted the AD-I licence on March 6, 2025, allowing it to deal in foreign exchange while adhering to regulatory guidelines.
With this development, Jana Small Finance Bank is set to enhance its offerings, providing customers with seamless forex-related services. This move aligns with the bank’s long-term growth strategy, positioning it among key players in the small finance banking sector.
The company has confirmed that it will comply with all applicable regulations as it begins offering foreign exchange services. Investors and stakeholders have welcomed this regulatory nod, viewing it as a positive step in the bank’s expansion plans.
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