BANKING ON DATA, BETTING ON TRUST: THE PRIVACY RECKONING OF INDIA’S FINANCIAL SECTOR
The Digital Personal Data Protection Act, 2023 (DPDPA) and the Digital Personal Data Protection Rules,2025 (DPDP Rules, 2025) mark a significant shift in India’s approach to data governance, with major implications for the banking sector. From fragmented cybersecurity measures to a comprehensive rights-based regime, as banks increasingly rely on digital platforms and data analytics for credit assessment, risk management, and customer engagement, the processing of personal financial...
