At a time Naavi/FDPPI are working on the DGPSI-Banks as a framework for DPDPA compliance for Banks, it is interesting to see that the RBI has also issued a “Draft Guidance on Regulatory Expectations for Data Governance” for public comments.
Copy of the draft Governance is available here:
The draft Guidance is applicable to following regulated entities:
i. Commercial Banks
ii. Small Finance Banks
iii. Payments Banks
iv. Local Area Banks
v. Regional Rural Banks
vi. Urban Co-operative Banks
vii. Rural Co-operative Banks
viii. All India Financial Institutions
ix. Non-Banking Financial Companies
x. Asset Reconstruction Companies
xi. Credit Information Companies
2. Comments on the draft Guidance are invited from regulated entities, members of public and other stakeholders by August 17, 2026.
The comments / feedback may be submitted through the link under the ‘Connect 2 regulate’ Section available on RBI’s website or alternatively be forwarded to:
The Chief General Manager, Operational Risk Group Department of Regulation, Central Office Reserve Bank of India, Shahid Bhagat Singh Marg, Fort,Mumbai – 400 001
Or
By e-mail with the subject line ‘Feedback on Guidance on Regulatory Expectations for Data Governance’
Since most of the suggestions are already part of the framework DGPSI Banks, we will integrate the RBI draft suggestions in the framework.
Watch this space…
Naavi
