Photo of Molshree Shrivastava

Senior Consultant in the Technology, Media and Telecommunications (TMT) Practice at the Bengaluru office of Cyril Amarchand Mangaldas. Molshree advises on data protection, outsourcing and other information technology matters. She can be reached at

The RBI’s Digital Lending Recommendations A Sign of the Road Ahead

The journey to a new general data protection law in India is more than a decade long and has seen several milestones ranging from the reports of Committees headed by Justice A.P. Shah[1], Justice B.N. Srikrishna[2], and a Joint Parliamentary Committee (“JPC”) to draft legislation in 2018[3], 2019 (“PDP Bill”)[4] and 2021 (“DPB”)[5].

While the recent withdrawal of the PDP Bill[6] is seen as a sign of a long and twisted road ahead, regulators in sectors such as banking, financial services and insurance have not had the luxury of taking the scenic route.Continue Reading The RBI’s Digital Lending Recommendations: A Sign of the Road Ahead?