Wednesday, 25 October, 2023

Doubts Loom Over Liability as DPDPA Impacts Client Data Banks

The implementation of India's Personal Data Protection Act (DPDPA) has created uncertainty and concerns among client data banks. The Act, designed to protect individual privacy, places responsibility on banks for data security and compliance. These banks face challenges in adapting to the new regulations while ensuring data protection. The DPDPA brings both opportunities and risks, emphasizing the need for comprehensive data management strategies in India's financial landscape.