How India’s Data Protection Bill Will Impact Lending And Fintech?
This awareness has been catalyzed by a global movement to debate, reject or adopt new laws to protect personal data. Data Erasure Personal data must be erased after the purpose for which it was shared has been met. The data principal has the right to ask for the erasure of their personal data. Data Portability When the processing of the personal data has been carried out through automated means, the data principal has the right to receive a copy of their personal data in a structured, commonly used and machine-readable format. Dissent From LendersThe bill in its current form recognises all forms of personal financial data as ‘sensitive personal data’.