Press Release titled RBI renews the authorization issued to Vakrangee for White Label ATMs.
VAKRANGEE · price
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The Reserve Bank of India (RBI) has renewed its authorization granted to Vakrangee Limited to operate White Label ATMs (WLAs) across the country. This renewal allows the company to continue providing ATM services under its own brand without tie-ups with any specific bank. The authorization is a key regulatory approval needed for the company to run and expand its WLA business. This comes as a positive development for Vakrangee, which has been focusing on digital and financial inclusion services through its network of Kendras. The renewal ensures uninterrupted operations and supports the company's financial services segment.
Positive for shareholders — the renewal allows uninterrupted WLA operations, supporting revenue and growth in Vakrangee's financial services business, and signals continued regulatory comfort with the company.