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      Question

      The First White Label ATM was set up by

      A Reliance Group Correct Answer Incorrect Answer
      B Tata Group Correct Answer Incorrect Answer
      C Aditya-Birla Group Correct Answer Incorrect Answer
      D Mittal Group Correct Answer Incorrect Answer
      E Jindal Group Correct Answer Incorrect Answer

      Solution

      The Reserve Bank has issued ‘certificate of authorisation’ to four non-bank entities, including Tata Communications Payment Solutions and Muthoot Finance, to set up White Label ATMs (WLAs) in the country. The other two non-bank entities to which the Reserve Bank has issued the certificate for setting up and operating the White Label ATMs are Prizm Payment Services and Vakrangee Ltd.

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