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RBI Rejects TBO Tek's ₹712.25 Million Post-Facto Approval Request

RBI Rejects TBO Tek's ₹712.25 Million Post-Facto Approval Request

September 04, 2025 / 12:26 IST
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TBO Tek Limited announced that the Reserve Bank of India (RBI) has rejected its application for post-facto approval regarding the receipt of payments amounting to ₹712.25 million. These payments were received through third parties or an Indian entity on behalf of a person resident outside India.

 

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The company received communication from its AD Banker on September 3, 2025, conveying that the post-facto approval sought from RBI has not been acceded to. TBO Tek, in consultation with its advisors, is currently evaluating available options to determine the appropriate course of action.