The Reserve Bank of India is proactively taking steps to ensure that customer payment data is processed and stored in India and is initiating actions against any company (including multinationals) who are in breach.
N. Raja Sujith and Swati Agrawal discuss the factual matrix and implications in this brief presentation.
About the Author
N. Raja Sujith has more than 23 years of experience in corporate and commercial law, including foreign investment, technology, outsourcing, joint ventures, M&A, restructuring and insolvency, and real property law. He also represents private equity and venture capital funds, and start-up companies in their financial investments, due diligence, and documentation. He has been recognized as one of the leading corporate/M&A practitioners in India. He has co-authored this update with Sinjini Majumdar, Associate at Majmudar & Partners.
Swati Agrawal is an Associate at Majmudar & Partners.