RBI renews Vakrangee's authorization for White Label ATMs

The Reserve Bank of India (RBI) has provided the Renewal of Authorization for Vakrangee Limited. RBI has extended the validity of Authorization issued to Vakrangee Limited to setup, own and operate the White Label ATMs (WLA) in India. The validity has been extended till March 31, 2027.

Vakrangee currently has 5,905 White Label ATMs (as on December 31, 2025) with 77% of these ATMs are in Tier 4 to 6 locations, further enhancing access to financial services in unserved and underserved areas.

Commenting on this renewal, Mr. Vedant Nandwana, Managing Director, Vakrangee Ltd said, "We are happy to announce Renewal of Authorization of our White Label ATMs Business by RBI. ATMs form an integral part of our Vakrangee Kendra ecosystem and reinforce our commitment to delivering accessible financial services in rural and semi-urban areas".

Vakrangee currently has 23,034 Vakrangee Kendra Outlets and 84% of these outlets are in Tier 4 to 6 locations. Vakrangee Kendras exclusively offer a comprehensive range of products and services across banking, insurance, ATM, Financial Services and Assisted E-Commerce services.

This model also embodies technological advancements such as ATMs that enable the ease of financial transactions; CCTV monitoring available at the Kendras, digital advertising through digital signage for brand partners, along with biometric and pin pad devices to enable all kinds of payment mechanisms.

Shares of Vakrangee Limited was last trading in BSE at Rs. 6.89 as compared to the previous close of Rs. 6.83. The total number of shares traded during the day was 156357 in over 351 trades.

The stock hit an intraday high of Rs. 7.38 and intraday low of 6.86. The net turnover during the day was Rs. 1085263.00.

Source : Equity Bulls

Keywords

Vakrangee INE051B01021 RBIAuthorization Renewal WhiteLableATMs