RBI extends deadline for implementing key credit card norms to October 1

Amid requests from industry stakeholders, the Reserve Bank of India (RBI) on June 21 has extended the deadline for implementation of certain provisions for debit and credit cards to October 1, 2022. “Considering various representations received from the industry stakeholders, it has been decided to extend the timeline for implementation of the following provisions of the Master Direction to October 01, 2022,” RBI said. Which provisions? The…