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

Open AI v. ANI: The India take

Download .pdf The globally contested legal battle on training large language models (“LLM”) using copyrighted content recently reached India, with Asian News International (“ANI”), an Indian news agency, filing a copyright infringement suit in the Delhi High Court...

read more

India’s new insurance regime can change the game

Download .pdf Background India’s insurance industry is on the brink of transformative changes with the anticipated introduction of the Insurance Amendment Bill (the “Bill”) during the winter session of Parliament.  This landmark reform builds on past efforts,...

read more

Fact-check units: an unchecked fact checker – Part II

Download .pdf The Bombay High Court has recently struck down the 2023 amendment (the “2023 Amendment”) to the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 (the “Intermediary Rules”), which amended Rule 3(1)(b)(v)...

read more
Share This