Decoded: RBI's latest move to ban Mastercard from issuing new cards

The RBI said that the restrictions have been imposed as in spite of lapse of considerable time and adequate opportunities being given, the entity has been found to be non-compliant with the directions on storage of Payment System Data.

from Wealth-Economic Times https://economictimes.indiatimes.com/wealth/personal-finance-news/decoded-rbis-latest-move-to-ban-mastercard-from-issuing-new-cards/articleshow/84434923.cms