SREI Infrastructure Finance has received an approval to establish White Label ATMs in accordance with the guidelines issued by the Reserve Bank of India (RBI). The board at its meeting held on November 09, 2012 has approved for the same.
Besides, the board has further decided to seek approval of the shareholders to amend the ‘Other Objects’ clause of the Memorandum of Association of the company to enable the company to set up the White Label ATMs and to commence the business thereof.
The RBI has permitted non-bank entities incorporated in India under the Companies Act 1956, to set up, own and operate Automated Teller Machines (ATMs) in India. The non-bank entities that intend setting up, owning and operating ATMs, is christened as ‘White Label ATM Operators’ and such ATMs are called ‘White Label ATMs’.
SREI Infrastructure Finance’s businesses include infrastructure equipment leasing and finance, infrastructure project finance, advisory and development, insurance broking, venture capital, capital market and Sahaj e -Village. The company has been financing in the infrastructure sector for the last 22 years and has a customer base of over 30,000 all over the country.
Company Name | CMP |
---|---|
Bajaj Finance | 6685.30 |
Shriram Finance | 2345.75 |
Aditya Birla Capital | 216.30 |
SBI Cards AndPayment | 720.25 |
Chola Invest & Fin. | 1268.80 |
View more.. |