The poor deployment of WLATMs has tripped what the central bank sought to achieve back in 2012. The Reserve Bank of India (RBI) has relaxed the deployment norms of automated teller machines (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......
The government has approved 16 projects envisaging foreign investment worth Rs 1,647 crore (Rs 16.47 billion), while deferring Punj Lloyd's proposals for lack of security clearance. "Based on the......
In mid-2013, the Reserve Bank of India had given an in-principle nod to about six companies to roll out white-label automated teller machines, or ATMs owned and operated by non-banking entities, in......
The start-up story appears to be losing its sheen due to corporate misgovernance, financial mismanagement and gender discrimination. Sangeeta Tanwar and Ritwik Sharma report. IMAGE: One of the......