In this edition of Shastrath, we address key concerns and considerations for lenders in light of the Draft DPDP Rules published on January 03, 2025, and discuss steps to take in order to ensure readiness and compliance.
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– Subhojit Shome, Assistant Manager | subhojit@vinodkothari.com
Click here to view our: Consultancy and advisory services on Digital Personal Data Protection Act, 2023
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– Financial Services Division (finserv@vinodkothari.com)
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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