Introduction On 13 May 2026, RBI introduced a new framework for facilitating outward remittances through non-bank entities in partnership with Authorised Dealer (AD) Category-I banks. The significant change was simple: non-bank entities no longer need prior RBI approval for such tie-ups.
Introduction On 13 May 2026, RBI introduced a new framework for facilitating outward remittances through non-bank entities in partnership with Authorised Dealer (AD) Category-I banks.
The significant change was simple: non-bank entities no longer need prior RBI approval for such tie-ups.
Instead, banks can enter into these arrangements within a prescribed regulatory framework.
The page is ready to read now. The fuller skim-friendly version will appear here automatically.
Introduction On 13 May 2026, RBI introduced a new framework for facilitating outward remittances through non-bank entities in partnership with Authorised Dealer (AD) Category-I banks. The significant change was simple: non-bank entities no longer need prior RBI approval for such tie-ups. Instead, banks can enter into these arrangements within a prescribed regulatory framework.
Open the app view to save this story, compare related coverage, and continue from the same source.