India: Data Localisation Requirements in Regulatory Framework for Digital Lending
Progress
Current status
in force
10 Aug 2022 in force
Scope
Implementers
India
Policy Area
Data governance
Policy Instrument
Data localisation requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central bank
Implementation Level
national
Timeline of events
RBI released Regulatory Framework for Digital Lending including provisions on data localisation
On 10 August 2022, the Reserve Bank of India ("RBI") launched its regulatory framework for digital lending, which includes requirements on data localisation and storage. The framework is based on the report of the Working Group on digital lending, i…
SourceEvent type
order
Action type
implementation
Government branch
executive
Government body
central bank