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RBI postpones implementation of certain norms related to cards by 3 months

by AIP Online Bureau | Jun 21, 2022 | Banking & Bancassurance, Indian News, Regulation

As per the Master Direction, card issuers must seek One Time Password (OTP) based consent from the cardholder for activating a credit card, if the same has not been activated by the customer for more than 30 days from the date of issuance Mumbai: The Reserve Bank on...
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