RBI lifts the business restrictions imposed on Diners Club International Ltd
Case Brief
RBI has withdrawn the restriction that had been imposed on Diners Club International Ltd. by order dated April 23, 2021. That earlier order barred the company from onboarding fresh domestic customers onto its card network from May 1, 2021 for non-compliance with the RBI circular dated April 6, 2018 on Storage of Payment System Data. RBI says the restriction is being lifted because Diners Club International Ltd. has demonstrated satisfactory compliance.
RBI had earlier ordered Diners Club International Ltd. on April 23, 2021 to stop on-boarding new domestic customers onto its card network from May 1, 2021 for non-compliance with the RBI circular dated April 6, 2018 on Storage of Payment System Data. The present release states that, in view of satisfactory compliance, the restriction has now been lifted with immediate effect.
Severity Assessment
This is a withdrawal of a prior restriction, so there is no forward-looking adverse impact and severity is 0.
The company is no longer barred from onboarding fresh domestic customers onto its card network, and the lift takes effect immediately. This removes the operational restriction that had affected its domestic customer acquisition.
Published as Diners Club International Ltd.
RegOversight structures the official RBI release for search and analysis. Use the linked release as the authoritative source.
© 2026 RegOversight by OddVector