Gurujobalert

What are White Label ATMs

a

  ATMs set up and run by non-banking entities

b

 ATMs set up and run by banking entities

c

 ATMs in rural areas

d

 ATMs in Defence areas

e

 ATM set up in Uttaranchal

Answer : Option A
Explanation :
RBI has given nod to Muthoot Finance to set up White Label ATMs. ATMs set up and run by non-banking entities are called White Label ATMs (WLAs).
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