The action has been take as these entities have been found non-compliant with the directions on storage of payment system data which the central bank had asked them to store in India, RBI said.source https://economictimes.indiatimes.com/industry/banking/finance/banking/reserve-bank-of-india-bans-amex-diners-from-selling-new-cards-from-may-1/articleshow/82218334.cms
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