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The Times of India
The Times of India
Business
PTI

RBI postpones implementation of certain norms related to cards by 3 months

RBI Mumbai Reserve Bank of India ( RBI

MUMBAI: The Reserve Bank of India (RBI) on Tuesday gave three more months to banks and NBFCs issuing credit and debit cards to comply with certain norms including activation of cards without consent of customers.

Banks and non-banking financial companies (NBFCs) were to implement the Master Direction on 'Credit Card and Debit Card – Issuance and Conduct Directions, 2022' from July 1.

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