Reserve Bank of India has barred which of the following foreign cards?

July 18, 2021

Reserve Bank of India has barred which of the following foreign cards?

A. Mastercard

B. American Express

C. Diners Club

D. All of these

Explanation:

Reserve Bank of India has barred Mastercard, American Express and Diners Club from taking new customers on board over the issue of storing data in India. The RBI imposed restrictions on Mastercard Asia Pacific Pte Ltd from onboarding new domestic customers (debit, credit or prepaid) in India from July 22, citing non-compliance with guidelines for storage of data in India.