White label ATMs are managed by private institutions
Private sector banks are owned, managed and controlled by the government.
Union Cabinet has improved FDI norms in white label ATMs. Consider the following statements in this regard-
A.Union Cabinet approved 100 percent FDI in white label ATMs through FIPB route.
B. White label ATMs are those that are being set up by non-bank entities.
C. The change in the policy guidelines is primarily aimed at extending the financial inclusion principal even to the Tier III to VI cities across the country.
Which of the statements given above is/are correct?