RBI has vide its press release dated 10th March, 2021 revoked the white ATM licence of two entities viz. RiddhiSiddhi Bullions Limited and AGS Transact Technologies Limited. The reasons given are non compliance with regulatory requirements.
ATMs which are owned, operated and managed by non bank players are called White ATMs. Non bank operators are authorised to operate ATMs under the Payments and Settlements Bank Act,