ANNOUNCED AS TEMPORARYNo
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.
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