RBI Lifts Restriction from Diners Club

The Reserve Bank of India (RBI) has lifted restrictions from Diners Club International Ltd., in view of the satisfactory compliance demonstrated by the entity.

The restrictions were imposed on 23^rd April, 2021 by an order issued by RBI on Diners Club International Ltd. along with American Express Banking Corp. from on-boarding new domestic customers onto its card network from 1^st May, 2021 for non-compliance with the RBI circular dated 6^th April, 2018 regarding Storage of Payment System Data.