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RBI allows non-banks to set up ATMs, lays draft guidelines

In a bid to expand the reach of banking services, the RBI allowed non-bank entities to open White Label ATMs (WLA) across India in line with developed countries. The regulator also laid down the draft guidelines to set up and operate those ATMs. Side by side, this move will ensure fast-paced growth of ATMs with the involvement of corporates.

first published: Feb 14, 2012 10:02 pm

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