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Reserve Bank of India (RBI) bans Mastercard for violating central bank's norms
Written By: Zee Business Video TeamUpdated: Thu, Jul 15, 2021, 08:54 PM IST
The Reserve Bank of India (RBI) on Wednesday imposed restrictions on Mastercard from onboarding new domestic customers on its network from July 22, 2021. According to RBI, the action has been taken against Mastercard for violating the central bank's norms on storage of payment systems data.
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