Government has allowed Foreign Investment upto 100% in White Label ATM (WLA) operations, subject to the following conditions :-

(i) Any non-bank entity intending to set up WLA should have minimum net worth of ₹ 100 crore as per latest financial year’s audited balance sheet, which is to be maintained at all times.

(ii) (ii) In case the entity is also engaged in any other 18 Non-Banking Finance Company (NBFC) activities, then the foreign investment in the company setting up WLA, shall also comply with the minimum capitalization norms for foreign investment in NBFC activities.

This was stated by Shri Santosh Kumar Gangwar, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha today.

Full foreign investment in white label ATM operations permitted, subject to minimum net worth and NBFC capitalization compliance. 100 per cent FDI in white labelled ATM operations is permitted provided the non-bank entity setting up WLAs maintains a minimum net worth of Rs. 100 crore as per its latest audited balance sheet at all times; if the entity is also engaged in NBFC activities, foreign investment in the WLA provider must comply with the minimum capitalization norms applicable to NBFC activities.