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RBI to penalise banks for non-availability of cash in ATMs from Oct 1

 Concerned over the inconvenience caused to the public due to the non-availability of cash in ATMs, the Reserve Bank has decided to penalise banks for failure to timely replenish currency notes in......

DeMo aftermath: Cash crunch hobbles White Label ATMs

 The cash crunch following demonetisation and transaction fees that do not cover costs are among the reasons why the sector is struggling. Illustration: Uttam Ghosh/Rediff.com White label ATMs......

Cabinet allows automatic FDI route for white label ATMs

 The Cabinet on Wednesday permitted 100 per cent foreign direct investment (FDI) under the automatic route for white label ATM operations, a move that is aimed at promoting financial inclusion.......

RBI eases rules for white label ATMs

 A while label ATM (WLA) is operated by a non-bank entity; customers from any bank may withdraw money from these, for a fee. The Reserve Bank of India has allowed operators of white label automated......

Small pvt banks to opt for white-label ATM to reduce cost

 To grow the distribution network while keeping costs under check, smaller private sector banks are looking at reducing the dependence on their own automated teller machines and instead relying on......

HC allows Olympic medallist Rathore's plea to hold NRAI elections

 Allowing the plea of 2004 Olympics silver medallist shooter Rajyavardhan Singh Rathore, the Delhi High Court on Wednesday ordered the National Rifle Association of India (NRAI) to hold elections......

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 The Bharatiya Janata Party was on Thursday poised for a landslide victory in Gujarat to retain...
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