Paragraph 5.2.25 White Label Atm Operations
- Text as on
- As issued 15 October 2020; Press Notes since are not applied
5.2.25 WHITE LABEL ATM OPERATIONS
Sector/Activity % of Equity/ Entry Route White Label ATM Operations FDI Cap Automatic
100%
OTHER CONDITIONS
(i) Any non-bank entity intending to set up WLAs should have a minimum net worth of Rs.
100 crore as per the latest financial year’s audited balance sheet, which is to be maintained at all times.
(ii) In case the entity is also engaged in any ‘Other Financial Services’ as laid down at Para 5.2.26 below, then the foreign investment in the company setting up WLA, shall also have to comply with the minimum capitalization norms, if any, for foreign investments in such ‘Other Financial Services’.
(iii) FDI in the WLAO will be subject to the specific criteria and guidelines issued by RBI vide Circular No. DPSS.CO.PD.No. 2298/02.10.002/2011-2012, as amended from time to time.