Indian banks must urgently embrace AI, privacy technologies to comply with DPDP Act: Report, ET LegalWorld

Indian banks must urgently adopt artificial intelligence (AI), privacy-enhancing technologies (PETs), and privacy-by-design strategies to effectively comply with the Digital Personal Data Protection Act (DPDPA), according to a report released by Protiviti. The report, titled “Navigating DPDPA in Banking: Compliance, Impact, and AI-Powered Strategies for Futureproofing”, was unveiled at the 4th IBA CISO Summit 2025, […]

Economy

Large banks to invest over ₹5 cr in preparation for DPDP compliance: Protiviti report

The report also showed how 37 per cent high-revenue organisations and 4 per cent of low revenue organisations across sectors allocated over ₹5 crore investments | Photo Credit: PRIYANSHU SINGH Banks with a revenue over ₹1,000 crore plan to budget an investment over ₹5 crore for their privacy program in preparation for the Digital Personal […]

Data localisation norms under DPDP rules not befitting India’s start-up vision: IndusLaw, ET LegalWorld

The proposed Digital Personal Data Protection (DPDP) Rules will have significant implementation challenges around verifiable parental consent mechanisms and data localisation, with the potential to stifle innovation, overburden MSMEs, and create operational uncertainty for digital-first businesses. The policy frameworks need to be balanced, mitigating risks, and promoting innovation to foster growth and lead the emerging […]