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 6.2.18.8.3
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 6.2.18.8.3 in the paragraph 6.2.18.8 of the of the Consolidated FDI Policy Circular is added in the following manner:-
6.2.18.8 Non-Banking Finance Companies (NBFC)
Sector/Activity | % Equity/ Foreign Investment Cap | Entry Route | |||||||||
6.2.18.8.3 White Labelled ATM Operations | 100% | Automatic | |||||||||
Other Conditions:
|
2. The above decision will take immediate effect.