3 recorded actions in the KensaraAI India enforcement dataset.
The RBI imposed monetary penalties on three payment system operators for violations of KYC and other regulatory guidelines under the Payment and Settlement Systems Act. Notices were issued, show‑cause hearings held,...
The RBI barred Mastercard from onboarding new domestic customers for failing to comply with the 2018 payment-data localisation directive. The ban was lifted in June 2022 after compliance.
The RBI stopped American Express and Diners Club from onboarding new customers over payment-data localisation non-compliance; the restriction on Amex was lifted in August 2022.