RBI Restricts American Express and Diner Club from On-boarding New Domestic Customers


The Reserve Bank of India (RBI) has imposed restrictions on American Express Banking Corp and Diner Club International Ltd. From on-boarding new domestic customers onto their card network from 1st May, 2021.

As per the press release issued by RBI, these entities have found no -compliant with the direction prescribed.

However, this order will not impact existing customers.

Click here for official press release:

Knowledge Source:

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