FDI POLICY CIRCULAR OF 2015 EFFECTIVE FROM 12-5-2015 – FDI UP TO 100 PER CENT IN WHITE LABLE ATM OPERATIONS UNDER AUTOMATIC ROUTE – INSERTION OF PARAGRAPH 184.108.40.206.3
PRESS NOTE NO.11 (2015 SERIES), DATED 1-10-2015
The Government of India has reviewed the extant FDI Policy and decided to allow For Investment up to 100% in White Label ATM Operations, under the automatic route. Accordingly a new sub-para 220.127.116.11.3 in the paragraph 18.104.22.168 of the of the Consolidated FDI Policy Circular is added in the following manner:-
22.214.171.124 Non-Banking Finance Companies (NBFC)
|Sector/Activity||% Equity/ Foreign Investment Cap||Entry Route|
White Labelled ATM Operations
2. The above decision will take immediate effect.