The Srikrishna Committee Report and the Draft Privacy Bill have attracted a great deal of attention, given the intense debate around privacy in India. The heightened concerns over privacy and the legal provisions in the draft bill have significant implications for how the fintech sector collects, handles and uses data. Once the Draft Privacy Bill is passed by the Indian Parliament, the governance of this data will be accompanied by stringent penalties between Rs 5-15 crores or up to 4% of worldwide turnover. Digital Lending businesses therefore need to be prepared for a new era of compliance.
In this workshop organized by the Digital Lending Association of India (DLAI), IDFC Institute's Data Governance team, and Shardul Amarchand Mangaldas, we will walk participants through the Draft Privacy Bill and what they need to do to ensure compliance to the new privacy norms. Given the business implications of the Privacy Bill, this two-hour workshop is aimed at Chairmen, CEOs and the senior leadership of Digital Lending companies.