Read the article “Master Directions on Credit Card and Debit Card – Issuance and Conduct Directions, 2022” authored by our Partner, Jinni Sinha, and Senior Associate, Tanushree Bose published on Mondaq.
“These Master Directions has brought a better clarity on provisions related to issuing debit cards and credit cards and facilities provided along with it and also has defined the key terminologies. It has also explicitly provided the scope of co-branding arrangements and the roles of card-issuers and co-branding partners. The same has brought more safety and security to the consumers/cardholders by providing provisions for redressal of grievances of consumer, protection from harassment and fraud.”
Read the full article here.
The article has also been published as follows: