Bloomberg Markets and Finance published this video item, entitled “What Do India’s Data-Storage Rules Mean for Businesses?” – below is their description.
Jul.27 — Kartik Shinde, cyber security partner for financial services at EY, discusses what India’s data-storage rules means for international companies doing business in the country. India’s banking regulator barred Mastercard Inc. from adding new customers this month for failing to comply with the South Asian nation’s rules. The RBI in April had penalized American Express Banking Corp. and Diners Club International Ltd. under the rules announced in 2018, which ordered payment systems providers to store all data generated by them on servers in India. Shinde speaks on “Bloomberg Markets: Asia.”
Bloomberg Markets and Finance YouTube Channel
Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.
About This Source - Bloomberg Markets and Finance
Bloomberg Markets and Finance features news about financial markets from around the world. Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
India, officially the Republic of India, is a country in South Asia. It is the second-most populous country, the seventh-largest country by land area, and the most populous democracy in the world. New Delhi is the capital.
It has an exceptionally diverse population, with Hindus, Muslims, Christians, Sikhs, Buddhists, Jains and other religions speaking over 21 recognised languages.