RBI digs in its heels, resists lobbying by US payment firms to ease local data storage rules

A joint lobbying effort by American Express Co, Mastercard Inc, and Visa Inc to dilute or reverse the directive has failed to shift the central bank's position, with the RBI telling the firms in a meeting this month to comply, not complain.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2kxnNIq