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NBFCs can tie up dealers for outward remittances without prior RBI nod
Economy
Published on 13 May 2026
The regulator moves from approvals to compliance
A new framework for outward remittances eases the process for NBFCs handling dealer tie-ups. Instead of seeking prior RBI approval, the regulatory emphasis shifts to what happens after onboarding—stronger compliance, transparency, and consumer protection obligations enforced at the regulated banks facilitating these transactions.
- No prior RBI nod required for NBFC dealer tie-ups
- Regulation now focuses on compliance over ex-ante approvals
- Banks must ensure transparency and consumer protection
- Dealer tie-ups will be governed through post-check obligations
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times