RBI may extend licence period of firms authorised to operate ATMs

.....“We had called the operators to discuss their issues. The RBI may look into their demands for increasing the tenure of their licence,” the RBI official said on the condition of anonymity. Many company representatives have been requesting the RBI to extend the validity of the licences, two sources who were present at the meeting told Business Line. Under the RBI guidelines, the authorisation for setting up a WLA operation would be initially valid for a period of one year.......

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