Intelligence DispatchSectors
BFSI: Readying for ₹250cr Penalties
C
CompliYUG Research
Compliance Specialist
...
10 min read
"The banking and financial services sector is under the highest scrutiny for DPDP Act 2023 compliance. With potential penalties reaching ₹250 crore, the cost of non-compliance is existential."
Cross-Border Data Flows
BFSI institutions frequently engage in international data transfers. Navigating the DPDP rules on cross-border flows is critical for maintaining global operations while staying localized where required.
Fiduciary Responsibilities
Banks are the ultimate Data Fiduciaries in India. The Act defines their responsibilities for ensuring accuracy, completeness, and protection of financial data throughout its entire lifecycle.
Final Assessment
BFSI compliance is a trust-building exercise. In the Digital YUG, security is the benchmark of financial integrity.