Mufin Green Finance gets RBI AD-II licence for forex services
In short
Mufin Green Finance has got an RBI AD-II licence to offer forex conversion, outward remittances under the LRS, family maintenance transfers and smaller-ticket trade forex services across India. The company also reported Q2 FY27 total income of ₹89.58 crore, up 83%, and net profit of ₹15.06 crore, up 149%.
This can help the company expand its business beyond lending and into foreign exchange and remittance services.
What the reporting says
Mufin Green Finance has received an RBI AD-II licence to offer forex conversion, outward remittances under the LRS, family maintenance transfers and smaller-ticket trade-related forex services across India. The licence widens its financial services reach.
Why it matters
Mufin Green Finance received RBI AD-II approval, allowing it to handle forex conversion, outward remittances under the LRS, family maintenance transfers and smaller-ticket trade-related forex services. The licence expands the company’s permitted business activities across India.