In order to enhance the ease of doing business, RBI has proposed to introduce a new category of money changers (under the scheme namely Forex Correspondents Scheme). These money changers may conduct money changing business through any agency model via Category-I and Category-II authorised dealers
RBI Plans To Introduce New Foreign Exchange Licensing Norms menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
PTI The Reserve Bank on Tuesday proposed to introduce a new category of money changers who may conduct business through an agency model by becoming Forex Correspondents (FxCs) of Authorised Dealers. Currently, the Reserve Bank issues licences to authorised dealers banks authorised to deal in foreign exchange and full-fledged money changers. Licences are…
RBI proposes to introduce new category of money changers devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.