FIPB clears Muthoot Finance white label ATMs

Company has already received in principle nod from Reserve Bank of India

Krishna Pophale Mumbai
Last Updated : Sep 05 2013 | 8:37 PM IST
Foreign Investment Promotion Board (FIPB) has cleared Muthoot Finance's white label ATM application.

It has already received in principle nod from Reserve Bank of India (RBI).

It will set up 9,000 ATMs in next three years and intends to roll out first ATM next month.

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First Published: Sep 05 2013 | 8:35 PM IST

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