Srei gets RBI nod for 9,000 white label ATMs

Infrastructure financing company, Srei Infrastructure Finance Ltd today said the Reserve Bank has given it approval for setting up 9,000 white-label ATMs in the next three years in the rural India.
"Srei has been permitted to set up 9,000 WLAs in the next three years in rural India," the company said in a statement.
Initially, a pilot roll out of 200 WLAs in Tier 3, Tier 4 and Tier 5 towns would be done in the next six to eight months before it was scaled up, it said.
Srei said it would leverage its over 27,000 IT-enabled Common Service Centres (CSCs) which were already in operation by village level entrepreneurs (VLEs) through Sahaj e-Village Limited.

These 27,000 CSCs in the six states of Assam, Bihar, Odisha, Tamil Nadu, Uttar Pradesh and West Bengal covered an approximate population of 280 million.