Company updateCNBC-TV18
Mufin Green Finance gets RBI AD-II licence for forex
Positive+38
GreyOak summary
Mufin Green Finance Ltd received an Authorised Dealer Category-II licence from the Reserve Bank of India to offer forex conversion and cross-border remittance services. The company aims to diversify revenue streams beyond lending, expecting fee-based income to improve operating leverage. In Q2 FY27, total income rose 83% to ₹89.58 crore, and net profit increased 149% to ₹15.06 crore.
What it affects
- Mufin Green FinanceMUFINPositive +38
Received RBI AD-II licence for forex and remittance.Rolling sentiment Positive +20
- RBI regulationPositive +38
RBI granted AD-II licence to Mufin Green Finance.Rolling sentiment Positive +27
Source
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