Srei Infrastructure discontinues white label ATMs

Srei wants to surrender the certificate of authorisation received from the Reserve Bank of India

Srei Infrastructure has decided to discontinue its existing white-label ATMs. It wants to surrender the certificate of authorisation received from the Reserve Bank of India (RBI) in 2014 and has informed the RBI and the Department of Payment and Settlement Systems regarding the same. The certificate allowed the company to set up, own and operate 9,000 white-label ATMs in rural India over three years.