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Up to 100 per cent FDI in White Label ATM operations- (Ministry of Commerce and Industry) (01 Oct 2015)

MANU/INDP/0028/2015

Commercial

Government of India has allowed Foreign Direct Investment up to 100 per cent in White Label ATM Operations, under the automatic route. Some other conditions are a minimum net worth of Rs. 100 crores for non-banking entities to partake in operations and, of course, compliance with existing white label ATM guidelines.

Relevant : White Label ATMs (WLAs) in India – Guidelines MANU/RMIC/0233/2012

Tags : ATM FOREIGN INVESTMENT HUNDRED 100

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