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American Express Banking Corp has been permitted to on-board new card customers in India as the RBI lifted the business restrictions. RBI had imposed the restrictions on American Express last year for non-compliance with the RBI circular dated April 6, 2018 on Storage of Payment System Data. The ban has now been lifted due to "satisfactory compliancy", the RBI said.
short by Anmol Sharma / 07:48 pm on 24 Aug
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