Which banks have received Authorized Dealer Category-I (AD-

AU Small Finance Bank has received permission from Reserve Bank of India to deal in foreign exchange. Reserve Bank of India has granted Licence to act as Authorized Dealer Category-I (AD-I) under section 10 of FEMA, 1999 to deal in foreign exchange. Equitas Small Finance Bank has also received Authorized Dealer Category-I (AD-I) License from RBI. Recently, RBI approved re-appointment of Sanjay Agarwal as managing director and CEO of AU Small Finance Bank for a period of three years. The re-appointment is valid with effect from April 19 till April 18, 2026 for a period of three years.