Hospitality,Hospitality sector projects by Federal Bank Limited in
Project Information
5098
Federal Bank Limited
Federal Bank Has Tied Up With Tata Communications To Install 15,000 White-Label Atms (Wlas) Across The Country. The Reserve Bank Has Granted Tata Communications Payment Solutions (TCPS), A Subsidiary Of Tata Communications, License To Set Up And Operate White-Label Atms In The Country. Wlas Are To Be Set Up By Non-Banking Entities On Behalf Of 'Sponsor Banks' But They Would Not Carry The Brand Label Of Any Bank, And Would Be Accessible To Card-Holders Of All The Banks For A Fee. As Per This Tie-Up, 5,000 Atms Will Be Installed Across The Country Every Year For A Period Of Three Years, Taking The Total To 15,000 Atms. According Policy Of RBI, The Atms Are To Be Installed Under The 2:1 Formula; Two Atms Will Have To Be Opened In The Tier III To VI Centres, To Open One In Small Towns. Ten Percent Of The Atms Installed In The Tier III To VI Centre Will Be In Tier V And VI Centres.
Project Value
Refer document
Pre Project Activities Underway
Not Specified
India
Hospitality,Hospitality
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