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India reaffirms independent foreign policy approach in recent weeks

India reaffirms independent foreign policy approach in recent weeks SECTIONS Share Synopsis Indian officials worked overtime to ensure that the USA provided with waiver for vaccine patents and also allowed vaccines to be shared with India even as shipments continued to arrive here from the USA with assistance to fight Covid. Agencies The waiver for vaccine patent was achieved after huge efforts led by Indian diplomats and ably backed by the South African Embassy in Washington DC. India’s independent world view has been reaffirmed in the recent days with the fact that while it has worked closely with the USA on medical supplies to fight Covid it has not shied away from steps against US financial firms for violating local laws.

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Data Localisation: RBI Bars AmEx, Diners Club From Taking New Customers

Data Localisation: RBI Bars AmEx, Diners Club From Taking New Customers Apr 23 2021, 9:54 PM April 23 2021, 8:00 PM April 23 2021, 9:54 PM In a first such action, the Reserve Bank of India barred American Express Banking Corp. and Diners Club International from on-boarding new credit card customers in India from May 1 citing non-compliance with norms that require storing transaction data locally.âThese entities have been found non-compliant with the directions on Storage of Payment System Data, the regulator said in a statement published on its website on Friday. This. In a first such action, the Reserve Bank of India barred American Express Banking Corp. and Diners Club International from on-boarding new credit card customers in India from May 1 citing non-compliance with norms that require storing transaction data locally.

United statesBank ltdAmerican express banking corpAmerican expressDiners clubDiners club internationalReserve bankAmerican express bankingPayment system dataSettlement systemsஒன்றுபட்டது மாநிலங்களில்வங்கி லிமிடெட்அமெரிக்கன் எக்ஸ்பிரஸ் வங்கி கார்ப்அமெரிக்கன் எக்ஸ்பிரஸ்உணவகங்கள் சங்கம்உணவகங்கள் சங்கம் சர்வதேச

અમેરિકન એક્સપ્રેસ અને ડાઈનર્સ ક્લબ પર RBIએ લગાવ્યો પ્રતિબંધ, 1 મેથી નહીં કરી શકે આ કામ | american express and diners cards can not add new customers from may 1 2021 says rbi business

અમેરિકન એક્સપ્રેસ અને ડાઈનર્સ ક્લબ પર RBIએ લગાવ્યો પ્રતિબંધ, 1 મેથી નહીં કરી શકે આ કામ | american express and diners cards can not add new customers from may 1 2021 says rbi business
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RBI American Express Diners Club restricted from taking new customers card payments latest news

URL copied Image Source : FILE PHOTO Reserve Bank of India (RBI) restricts American Express Banking Corp and Diners Club from on-boarding new customers from May 1. The Reserve Bank of India (RBI) restricted American Express Banking Corp and Diners Club from on-boarding new customers from May 1, PTI reported. RBI in its orderÂ dated April 23, 2021, imposed restrictions on American Express Banking Corp. and Diners Club International Ltd. from on-boarding new domestic customers onto their card networks from May 1, 2021. These entities have been found non-compliant with the directions on Storage of Payment System Data. This order will not impact existing customers. American Express Banking Corp. and Diners Club International Ltd. are Payment System Operators authorised to operate Card Networks in the country under the Payment and Settlement Systems Act, 2007 (PSS Act).

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RBI bars American Express, Diners Club from onboarding new domestic credit card customers

RBI bars American Express, Diners Club from onboarding new domestic credit card customers RBI said American Express Banking Corp and Diners Club International Ltd were found to be non-compliant with the directions on storage of payment system data. BusinessToday.In | April 23, 2021 | Updated 19:21 IST RBI had asked payment system providers to ensure that the entire data relating to payment systems operated by them is stored in a system only in India. The Reserve Bank of India has barred American Express and Diners Club from onboarding new domestic credit card customers from May 1 for violating the central bank s norms on storage of payment systems data.

United statesAmerican express banking corpAmerican expressDiners clubDefence ministryDiners club international ltdReserve bankSystem audit reportAmerican express bankingDiners club internationalஒன்றுபட்டது மாநிலங்களில்அமெரிக்கன் எக்ஸ்பிரஸ் வங்கி கார்ப்அமெரிக்கன் எக்ஸ்பிரஸ்உணவகங்கள் சங்கம்பாதுகாப்பு அமைச்சகம்உணவகங்கள் சங்கம் சர்வதேச லிமிடெட்