19 Dec 2022
India’s journey towards a dedicated privacy law started with the Puttaswamy judgment in 2017, which recognised privacy as a fundamental right under the Constitution of India, and expressed the need for a comprehensive data protection regime in the country. After extensive public debate and discussion, the draft Personal Data Protection Bill, 2019...
10 Nov 2022
Fintech innovation is challenging traditional regulatory constraints and models for supervision. The mushrooming of cross-sectoral, hybrid financial products from fintech entities requires governance by multiple financial regulators. As such innovation is better served by a harmonious regulatory sandbox (RS), the Reserve Bank of India (RBI) launch...
13 Oct 2022
Last month, the Reserve Bank of India (RBI) Governor launched three payments related initiatives at the Global Fintech Fest. The first was Bharat BillPay Cross-Border Bill Payments, allowing non-resident Indians (NRIs) to make utility, water, telephone, and other bill payments for their families in India. The next two new features were on the alre...
14 Sep 2022
Digitising lending brings many benefits from more inclusive and efficient processes, to improved credit decisions, and a better customer experience. However, the emergence of digital lenders in India in the last few years through online platforms and mobile apps, has led to concerns around potential systemic implications. Last November, the Reserv...