Private sector HDFC Bank does not intend to cut on its automated teller machines ( ATM) rollout plan in spite of the Reserve Bank giving an in- principle nod for white label ATMs, which will be operated by nonbanking companies. The city- headquartered lender, which presently has over 7,000 ATMs, will not cut its ATM rollout target as a result of the RBI's draft guidelines allowing nonbanking entities to set up ATMs, also called as whitelabel ATMs, HDFC Bank Head ( Direct Banking Channels) Rahul Bhagat said. Meanwhile, HDFC Bank tied- up with Visa and Monitise- promoted Movida to facilitate mobile- based transactions for its debit and credit card- holders.
FPJ
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