New Delhi, June 11 -- Banks in India must urgently initiate a strategic privacy transformation to comply with the Digital Personal Data Protection Act (DPDPA) 2023 and the draft DPDP Rules, 2025, warns a new Protiviti report released on June 6th. The regulatory and operational impact of the Digital Personal Data Protection Act (DPDPA) will be far-reaching, the report notes, adding that the banks must re-engineer their critical functions according to privacy-by-design principles to comply with India's most comprehensive data protection law to date.

Titled "Navigating DPDPA in Banking: Compliance, Impact, and AI-Powered Strategies for Futureproofing", the Protiviti report was unveiled at the 4th IBA CISO Summit 2025 hosted by Indian Banks'...