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Federal Bank to set up 15K ATMs, hires Tata firm

Federal Bank to set up 15K ATMs, hires Tata firm

To install 15,000 White-Label ATMs (WLAs) across India, private sector lender Federal Bank has tied up with Tata Communications, the Bank said on June 24. White-Label ATMs 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.

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Tata Communications to raise Rs 2,500 cr via asset sales

Tata Communications to raise Rs 2,500 cr via asset sales

Tata Communications plans to sell properties across Delhi, Mumbai and Chennai to raise more than Rs 2,500 crore to raise capital in the wake of continuing losses, sourcs said. Tata Group's telecom arm, which reported net loss of Rs 201 crore for the third quarter ended December, has identified land parcels valued at over Rs 2,500 crore in these metros for monetisation.