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) 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
