Ministry of Finance TheDollarBusiness

FDI upto 100% in White Label ATM Operations under automatic route.

Dated October 1st, 2015 | Press Note No.11 (2015 SERIES) | The Government of India has reviewed the extant FDI Policy and decided to allow Foreign Investment up to 100% in White Label ATM Operations, under the automatic route. Accordingly, a new sub-para 6.2.18.8.3 in the paragraph 6.2.18.8 of the Consolidated FDI Policy Circular is added in the following manner:- 6.2.18.8 Non-Banking Finance Companies (NBFC) Non-Banking Finance Companies (NBFC)   2. The above decision will take immediate effect.

Sd/- (Atul Chaturvedi) Joint Secretary to the Government of India

D/o IPP File No.: No.5/4/2013-FC-I Issued by: Ministry of Commerce & Industry Department of Industrial Policy & Promotion New Delhi

The Dollar Business Bureau - Oct 07, 2015 12:00 IST
 
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