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RBI renews authorization issued to Vakrangee for WLA

18 Mar 2020 Evaluate

The Reserve Bank of India (RBI) has provided the Renewal of Authorization for Vakrangee. RBI has extended the validity of authorization issued to the company to setup, own and operates the White Label ATMs (WLA) in India. The validity has been extended till March 31, 2021.

RBI has assigned a target of minimum 1,000 ATMS to be deployed by Vakrangee for every calendar year starting 2020 for an initial period of three years. The ATMs deployed shall be in the ratio of 1:2:3 would be applicable for Metro & Urban, Semi-Urban and Rural regions respectively.

Vakrangee is the unique technology driven company focused on building India's largest network of last-mile retail touch points to deliver real-time banking, insurance, e-governance, ecommerce and logistics services to the unserved & underserved rural, semi-urban and urban markets.

Vakrangee Share Price

6.91 0.00 (0.00%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
eClerx Services 1666.95
Info Edge 978.45
Firstsource Solution 274.20
Affle 3i 1506.65
Hinduja Global Soln. 445.40
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