Smaller private banks to opt for white-label ATM to reduce cost

.....Despite the fact that the Reserve Bank of India had given an in-principle approval to WLAs in mid-2013, the roll out of these ATMs have been in the slow lane so far. Bankers explain that even though it brings down the cost of setting up the ATM, the banks haven’t taken up the option as ATMs are also a vehicle to rebrand and increase visibility which gets lost with these independent ATMs......

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