Mumbai

Private sector HDFC Bank does not intend to cut on its automated teller machines ( ATM) rollout plan in spite of the Reserve Bank giving an in- principle nod for white label ATMs, which will be operated by nonbanking companies.

The city- headquartered lender, which presently has over 7,000 ATMs, will not cut its ATM rollout target as a result of the RBIs draft guidelines allowing nonbanking entities to set up ATMs, also called as whitelabel ATMs, HDFC Bank Head ( Direct Banking Channels) Rahul Bhagat said. Meanwhile, HDFC Bank tied- up with Visa and Monitise- promoted Movida to facilitate mobile- based transactions for its debit and credit card- holders.