On January 29, 2024, the International Financial Services Centre Authority (“IFSCA”) notified the IFSCA (Payment Services) Regulations, 2024, for the regulation and supervision of any person propo...
In September 2022, the Reserve Bank of India released the Digital Lending Guidelines, a sectoral regulation that governs regulated entities such as Non-banking Financial Companies or banks offering digital lending services to borrowers through Lending Service Providers and Digital Lending Applications. With the enactment of the Digital Personal Data Protection Act, 2023, an overarching law for data protection in India, it is important to understand the interplay between the guidelines and the data act. In this article INDUSLAW’s Namita Viswanath, Sruthi Srinivasan and Pravi Jain unravel the relationship and overlap between the two legislations and provide ways to build compliance.
