Economics • Banking & FinanceMedium
Which of the following entities is authorized to establish and operate 'White Label ATMs' (WLAs) in India?
A. Commercial Banks only
B. Non-Banking Financial Companies (NBFCs) and specialized corporate entities approved by the RBI✓ Correct Answer
C. Foreign Institutional Investors registered with SEBI
D. Post Offices exclusively under the Department of Posts
💡 Solution & Explanation
White Label ATMs are set up, owned, and operated by non-banking financial companies and other corporate entities approved by the Reserve Bank of India under the Payment and Settlement Systems Act to widen financial inclusion without carrying any specific bank branding. Traditional banks deploy brown label or green label ATMs instead.
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