An analysis of the Reserve Bank of India’s ban on MasterCard

Jul 23, 2021

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.

Click here to read more.

About the Author

N. Raja Sujith on the impact of the code on Social Security, 2020 on Indian businesses in conversation with ET HR World.

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.

More Insights

India’s Budget 2022-23 – key highlights

Introduction India’s Union Budget (the “Budget”) was announced on February 1, 2022, and the Finance Bill, 2022 (the “Finance Bill”) was tabled in Parliament.  The Finance Bill will be discussed in Parliament before its enactment, and therefore, it is likely that...

read more

An analysis of India’s Mediation Bill, 2021

Background In December 2021, the Union Law Minister tabled the draft Mediation Bill (the “Bill”) in parliament.  Due to significant opposition, the Bill was sent to the Committee on Law and Justice for further scrutiny.  This article lists out some salient...

read more

India’s Personal Data Protection Bill, 2019 – an update

Background In December 2019, India’s Ministry of Electronics, and Information Technology tabled the Personal Data Protection Bill, 2019 (the “PDP Bill”) in the Lok Sabha.  However, the PDP Bill, as drafted, raised several issues and challenges in implementing a...

read more

SEBI’s proposed changes to preferential issue guidelines

The SEBI has released a consultation paper on the preferential issue guidelines prescribed under Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (the “ICDR Regulations”), along with the recommendations discussed below. Rukshad Davar,...

read more
Share This