Credit Cards: Waiting for an American Express card? This RBI decision will make you happy!
Updated: 25 Aug 2022, 08:10 AM IST
TL;DR.The central bank had imposed curbs on American Express Banking Corp for being non-compliant with the directions on Storage of Payment System Data effective May 1, 2021.
On Wednesday, the Reserve Bank of India (RBI) announced it had cancelled the banking licence of the beleaguered Pune-based Rupee Cooperative Bank, and directed the Registrar of Cooperative Societies to liquidate the bank (HT FILE PHOTO)