# Mufin Green Finance Gets RBI Licence for Forex and Remittance Services

> Mufin Green Finance receives RBI AD-II licence to expand forex and remittance services.
- Title: Mufin Green Finance Gets RBI Licence for Forex and Remittance…
- Summary: Mufin Green Finance receives RBI AD-II licence to expand forex and remittance services.
- Keywords: mufin green finance, rbi licence, forex services, remittance services, liberalised remittance scheme, net profit, capital adequacy ratio, family maintenance remittances, The Economic Times
- Source: The Economic Times — https://economictimes.indiatimes.com/industry/banking/finance/mufin-green-finance-gets-rbi-licence-to-offer-forex-remittance-services/articleshow/135828522.cms
- Author: PTI
- Published: 2026-11-14T09:27:00+00:00
- Read time: 1 min
- Topics: mufin green finance, rbi licence, forex services, remittance services, liberalised remittance scheme, net profit, capital adequacy ratio, family maintenance remittances
## RBI AD-II Licence Granted
Mufin Green Finance received RBI AD-II licence to enter forex and international remittance business.
## New Services Offered
Company can now provide family maintenance remittances and smaller-ticket trade-related forex services.
## Financial Impact
Q2 FY27 net profit more than doubled to Rs 15 crore from Rs 6 crore.
## Revenue Strategy
Mufin expects revenue to double within a year by diversifying income streams and reducing reliance on net interest income.

> With this new vertical working alongside our lending business, we see our revenue doubling over the coming year
## Key takeaway

Mufin Green Finance, an NBFC, gained RBI AD-II licence to offer forex conversion and remittance services including medical and education purposes, aiming to double revenue within a year.