The Reserve Bank of India, RBI has allowed non-bank entities with a minimum networth of 100 crore rupees to set up, own and operate money dispensing machines on behalf of banks. The Central bank in a notification said the automatic teller machines, ATMs operated by non-banking entities will be known as 'White Label ATMs'. The RBI said that each of these new ATM operator will have a bank sponsoring them.All services offered by regular ATMs will be available at white Label dispensers as well with existing debit or credit cards issued by banks.