💨 Abstract

The Indian financial sector is highly digitized and has established consent-based data sharing and governance structures. The Digital Personal Data Protection Act, while providing a framework for a more accountable digital ecosystem, presents challenges, such as data storage and deletion issues for global companies. The financial sector in India is deeply regulated, with banks undergoing regular audits and protocols for data handling.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖