Ujjivan Small Finance Bank Receives RBI Approval for Foreign Exchange Services
Ujjivan Small Finance Bank has secured approval from the Reserve Bank of India (RBI) for foreign exchange services, marking a significant milestone in its operational capabilities. The bank has been granted the ‘Authorised Dealer Category 1 licence,’ allowing it to offer a comprehensive range of foreign exchange products and services. This development aligns with the bank’s strategy to enhance its service offerings and cater to the growing demand for forex solutions among its customers.
The new licence empowers Ujjivan Small Finance Bank to broaden its financial services, enabling it to facilitate foreign currency transactions and assist clients in meeting their international business needs.
In a related development, the startup ‘futureMBBS’ has launched an affordable package for NEET preparation, starting at Rs 99. This initiative addresses the needs of over 18 lakh students competing for limited medical seats each year, reinforcing the focus on accessible education.
Additionally, Turbostart has led a USD 1 million investment in AI Health Highway, a venture focused on tech-enabled screening tools for early detection of non-communicable diseases. This investment underscores the increasing intersection of technology and healthcare, aiming to improve healthcare accessibility.
Did you know that one beautiful lake in Udaipur is lovingly called the “Jewel” of…
Did you know that bananas are one of the most loved and widely eaten fruits…
Lok Sabha MP Shashi Tharoor was conferred an honorary Doctor of Letters (D.Litt) degree by…
Prime Minister Narendra Modi announced that the statue of British architect Edwin Lutyens at Rashtrapati…
The Punjab government has launched the ‘Meri Rasoi’ scheme to provide nutritional support to nearly…
PhonePe has launched an AI-powered natural language search feature built on Microsoft Foundry. The new…