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Mastercard ban: RBI seeks action plan from banks SECTIONS Share Synopsis The Reserve Bank of India has also reached out to various lenders on the problems being faced by the broader banking system after it barred the US payments major from issuing new cards for its alleged failure to comply with data localisation rules. Agencies India’s central bank has asked lenders to put in place business continuity plans (BCP) after it ordered operational curbs, effective last week, on Mastercard. It has also sought details on their preparedness to regularise the issuance of credit and debit cards on alternative payments platforms, such as Visa and RuPay, three people aware of the development told ET.

Axis bankNational payments corporation of indiaReserve bankYes bankOn boarding newPayment systemPayments corporationஅச்சு வங்கிதேசிய கொடுப்பனவுகள் நிறுவனம் ஆஃப் இந்தியாஇருப்பு வங்கிஆம் வங்கிகட்டணம் அமைப்புகொடுப்பனவுகள் நிறுவனம்