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Ajay Banga: DU graduate, IIM-A alumnus who is set to head World Bank

Ajay Banga's nomination by the US all but assures he will assume a job that oversees billions of dollars of funding as the institution embarks on a major series of reforms to better respond to climate change and other pressing challenges facing developing countries.

President and CEO of Mastercard Ajay Banga leaves after meeting Prime Minister Narendra Modi at a breakfast in the Manhattan borough of New York September 29, 2014.(Reuters / File photo)
Published on Feb 23, 2023 09:59 PM IST

Russian banks may issue cards with China's UnionPay as Visa, Mastercard cut link

Russian-issued Mastercard and Visa cards would be accepted within Russia until their expiry, Russia's central bank

Credit cards issued by Russian banks using the Visa and Mastercard payment systems will stop functioning overseas after March 9.(AP File Photo)
Published on Mar 06, 2022 11:14 PM IST
Reuters |

US trade official called RBI’s ban on Mastercard ‘draconian’: Reports

The ban had reportedly triggered a series of emails between US officials in Washington and in India in which they had discussed the next steps with Mastercard.

Reserve Bank of India had restricted Mastercard from acquiring new customers from July 22, 2021.(Reuters)
Published on Sep 19, 2021 06:06 PM IST
By, Hindustan Times, New Delhi

American Express may partially resume operation in India from today: Report

The RBI has been taking strict actions against financial entities like Mastercard and American Express over non-compliance to regulatory guidelines in the country.

American Express logo as seen in this illustration. (File Photo / REUTERS)
Published on Aug 07, 2021 05:46 AM IST
Written by Joydeep Bose | Edited by Amit Chaturvedi, Hindustan Times, New Delhi

Banks to stop issuing new cards on Mastercard network from July 22 after RBI ban

The Reserve Bank of India (RBI) pulled the plug on Mastercard over non-compliance with directions on ‘Storage of Payment System Data’.

Mastercard is the third major payment system operator to face restrictions for non-compliance with RBI's local data storage rules.(Reuters)
Published on Jul 21, 2021 09:37 PM IST
By | Edited by Kunal Gaurav, Hindustan Times, New Delhi
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