Vakrangee Share Price Surges; Gets RBI Nod to Continue White Label ATM Operations

Vakrangee Limited has received regulatory approval to continue running its White Label ATM (WLA) network across India, ensuring continuity of its assisted banking infrastructure in semi-urban and rural markets. 

RBI Approval Extends Operating Window 

The company has secured an extension of its licence to set up, own and operate White Label ATMs until 31 March 2027.  

This enables uninterrupted expansion and servicing of its ATM network across multiple states, especially in underbanked regions. 

Rural-Focused ATM Footprint 

Vakrangee currently operates 5,905 White Label ATMs, with a strong rural concentration. Around three-fourths of these machines are located in Tier-4 to Tier-6 locations, aligned with the company’s last-mile financial access strategy.  

The ATM network works in tandem with its Vakrangee Kendra outlets that deliver assisted banking and digital services. 

Management Commentary 

As per exchange filings, 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”. 

Ecosystem Integration 

The ATM rollout complements the company’s wider physical-digital service model through over 23,000 Vakrangee Kendras nationwide.  

Most of these centres are also based in smaller towns and villages and offer banking, insurance, payments and e-commerce services through assisted formats. 

Read More: FIIs Made Strong Comeback: Pumped ₹5,426 Crore on February 3! 

Vakrangee Share Price Performance  

As of February 04, 2025, at 9:27 AM, Vakrangee share price is trading at ₹7 per share, reflecting a surge of 1.45% from the previous closing price.  

Conclusion 

The renewed approval provides regulatory visibility and supports Vakrangee’s continued push to deepen ATM and assisted banking access in rural India. 

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