IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Oct 2015 | Removal date: open ended
Still in force

FDI: Entry and ownership rule

 On 1 October 2015, the Indian Department for Industrial Policy and Promotion issued Press Note No. 11 (2015 series) thereby allowing FDI in White Label ATM Operations up to 100% under the automatic route. Earlier such investments were allowed up to 100% but prior authorization was required from the Reserve Bank of India, and will no longer be required in the future.
 
White Label ATMs are defined as ATMs operated by non-bank entities.

AFFECTED COUNTRIES

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