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Global Trade Alert

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India: Data localisation requirement imposed on financial institutions

Description

On 10 May 2021, the Reserve Bank of India through Circular RBI/2021-22/35 DOR.AML.REC.No.15/14.01.001/2021-22 notified an amendment to the Know Your Customer (KYC) Master Direction, 2016. The amendmen...

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Intervention Details

Intervention Type

Local operations requirement

MAST Chapter

I: Trade-related investment measures

Implementation date

10 May 2021

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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