The Reserve Bank of India (RBI) on November nine lifted the regulations imposed on Diners Club International Limited.
The regulations have been imposed on April 23 over non-compliance with RBI’s norm on Storage of Payment System Data.
Under the regulations, RBI had barred the cardboard community from onboarding new home clients onto its card community from May 1, 2021.
Similarly, in preceding instances, the RBI had barred American Express and Mastercard from onboarding new clients directly to their community over non-compliance with facts localisation norms.
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