BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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CMS Finvest Ltd.
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SREI Infrastructure Finance Ltd.
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Reliance Capital Ltd.
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Tokyo Finance Ltd.
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Detailed explanation-1: -Detailed Solution. TCPSL is Tata communications payment solutions limited was the first company to get a licence from RBI to open WLA ATM in India in Mumbai. White Label ATM (WLA) is established and run by NBFC(Non-Banking Financial Company).
Detailed explanation-2: -White Label ATM means ATMs that are set up, owned and managed by companies other than banks. The Reserve Bank of India has allowed non-bank ATM operators under the Payment & Settlement Systems Act 2007 (RBI). 6.
Detailed explanation-3: -The Correct answer is ATM set up by Non-Banks. White Label ATM: ATMs set up, owned, and operated by non-banks are called white label ATMs. They are authorized under the Payment and Settlement Systems Act, 2007, by the Reserve Bank of India.
Detailed explanation-4: -Non-bank ATM operators are authorised under the Payment & Settlement Systems Act, 2007 by the Reserve Bank of India (RBI). Such non-bank entities should have a minimum net worth of Rs 100 crore as per the latest financial year’s audited balance sheet, which is to be maintained at all times.