Acquisitions3 Feb 2026, 06:52 pm
RBI Renews Vakrangee's Authorization for White Label ATMs till 2027
AI Summary
The Reserve Bank of India (RBI) has renewed the authorization issued to Vakrangee Limited for setting up, owning, and operating White Label ATMs (WLA) in India. The validity of the authorization has been extended till March 31, 2027. Vakrangee currently operates 5,905 White Label ATMs, with 77% of these in Tier 4 to 6 locations. This renewal reinforces Vakrangee's commitment to delivering accessible financial services in rural and semi-urban areas.
Key Highlights
- RBI renews Vakrangee's authorization for White Label ATMs till 2027
- Vakrangee currently operates 5,905 White Label ATMs
- 77% of Vakrangee's ATMs are in Tier 4 to 6 locations
- Renewal reinforces Vakrangee's commitment to rural and semi-urban financial services
- Vakrangee has a significant presence in unserved and underserved areas