RBI Unveils Stricter Rules for Business Credit Cards, Prioritises Data Privacy
Zee Business Video Team | Updated: March 8, 2024 11:57 AM IST
The Reserve Bank of India (RBI) introduces new regulations for credit and debit cards used in business accounts, focusing on data privacy and security. These changes require card-issuers to monitor fund usage effectively and obtain explicit consent from cardholders before sharing data with outsourcing partners.
