Friday, February 17, 2012

RBI nod to non-bank entities running ATMs

...."RBI has reviewed the extant policy on ATMs and it has been decided to permit non-banks to set up, own and operate ATMs to accelerate growth and penetration of ATMs in the country. Such ATMs will be in the nature of White Label ATMs and would provide services to customers of all banks," the RBI said......

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