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The draft specifies the role of the board and senior management, besides norms pertaining to the usage of cloud computing services and outsourcing of the Security Operations Center (SOC).
Banks and non-banking financial companies (NBFCs) were to implement the Master Direction on 'Credit Card and Debit Card ? Issuance and Conduct Directions, 2022' from July 1.
Banks and NBFCs were to implement the Master Direction on `Credit Card and Debit Card - Issuance and Conduct Directions, 2022` from July 1.
RBI has extended the deadline for implementation of three credit card provisions under the Issuance & Conduct rules to October 1, 2022.
The Reserver Bank of India stated that non-banks cannot load credit lines into prepaid payment instruments (PPIs).