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Major News and Events of 27 June 2019 |
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What Happened on 27 June 2019
As per news updates, the Reserve Bank of India has recently asked Amazon, Google, American Express, Mastercard and other companies to bring back their payments related data to India. The deadline issued by the Central bank to these companies is the span of 24 hours. Meanwhile, RBI had instructed these companies last year that the data must be localised in India. On Wednesday, June 26, 2019, the regulator of RBI have cleared the doubts through a set of FAQs. They informed that these directives are applicable not specifically to payment entities, but RBI needs to keep track of all the operating banks in India.
As per news updates, the Reserve Bank of India has recently asked Amazon, Google, American Express, Mastercard and other companies to bring back their payments related data to India. The deadline issued by the Central bank to these companies is the span of 24 hours. Meanwhile, RBI had instructed these companies last year that the data must be localised in India. On Wednesday, June 26, 2019, the regulator of RBI have cleared the doubts through a set of FAQs. They informed that these directives are applicable not specifically to payment entities, but RBI needs to keep track of all the operating banks in India.
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