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Shastrartha 13 – DPDP Rules for Lenders

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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Draft DPDP Rules: Heightened data concerns for financial sector entities

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

– 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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Watch our Shastrartha on Digital Personal Data Protection Bill, 2023 – Analysing the impact on financial sector lender

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

– Financial Services Division (finserv@vinodkothari.com)

Background

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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