RbiSearchHeader

Press escape key to go back

Past Searches

Theme
Theme
Text Size
Text Size
S1

Press Releases Marquee

आरबीआई की घोषणाएं
आरबीआई की घोषणाएं

RbiAnnouncementWeb

RBI Announcements
RBI Announcements

Asset Publisher

79917290

RBI authorises three non-bank entities for white label ATMs

The Reserve Bank of India has recently issued Certificates of Authorisation to the following three non-bank entities for setting up and operating White Label ATMs (WLAs) in India:

1.

BTI Payments Private Limited, Bangalore

2.

Srei Infrastructure Finance Limited, Kolkata

3.

RiddiSiddhi Bullions Limited, Mumbai

This is in addition to the four entities already authorised to operate as WLAs, viz Tata Communications Payment Solutions Limited, Mumbai, Prizm Payment Services Pvt. Ltd., Mumbai, Muthoot Finance Limited, Kochi and Vakrangee Limited, Mumbai.

It may be recalled that in June 2012, the Reserve Bank of India had issued policy guidelines permitting non-bank entities to set up and operate WLAs in the country after seeking authorisation under the Payment and Settlement Systems Act, 2007. Till then only banks were permitted to set up and operate ATMs in India. The primary objective of permitting non-banks to operate WLAs was to enhance the spread of ATMs in semi-urban and rural areas, mainly tier III to VI areas, where bank owned ATM penetration was not growing. Under the new guidelines, certain minimum number of WLAs need to be installed in these areas in three years as per the scheme opted by the respective operator.

Ajit Prasad
Assistant General Manager

Press Release : 2013-2014/2291

RbiTtsCommonUtility

प्ले हो रहा है
শুনুন

Related Assets

RBI-Install-RBI-Content-Global

RbiSocialMediaUtility

রিজার্ভ ব্যাঙ্ক অফ ইন্ডিয়া মোবাইল অ্যাপ্লিকেশন ইনস্টল করুন এবং সাম্প্রতিক সংবাদগুলিতে দ্রুত অ্যাক্সেস পান!

Scan Your QR code to Install our app

RbiWasItHelpfulUtility

এই পেজটি কি সহায়ক ছিল?