Digital Personal Data Protection Bill 2023:  Analysing the Impact on Digital Lenders

– Subhojit Shome, Assistant Manager |

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Reintroduction of the Data Protection Bill: Analysing the Implications for FinTech

– Financial Services Division (


The Ministry of Electronics and Information Technology (MeitY) introduced the revised draft of the Digital Personal Data Protection Bill, 2022[1] (‘Bill’) on November 18, 2022 for public comments. The Bill is intended to be technology and sector-agnostic and hence, shall serve as a broad guide for digital data protection across all sectors. It is expected that sector-specific regulators shall develop regulations based on the legislation passed based on the said Bill.

In this write-up, we intend to cover the broad prescriptions of the said draft Bill and their impact on the fintech industry.

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