RBI had banned Mastercard from issuing any new cards on July 14 this year for not complying with data localisation requirements. The move had hit a slew of lenders, including RBL Bank, which was fully dependent on the American payment company for its credit card business.source https://economictimes.indiatimes.com/industry/banking/finance/banking/mastercard-ban-rbl-bank-restarts-credit-card-issuances-with-rival-visa/articleshow/86224750.cms
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