India's Data Protection Rules And Their Impact On The Banking And Financial Services Industry
Mondaq Business Briefing › India Law Articles in English › Finance and Banking (2012)
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India's Data Protection Rules And Their Impact On The Banking And Financial Services Industry
Reproduced with permission from World Data Protection Report, null, 09/23/2011. Copyright _ 2011 by The Bureau of National Affairs, Inc. (800-372-1033) http://www.bna.com
According to a report by global management consultancy McKinsey & Co., as many as 7 percent of bank account holders in India conduct banking transactions online, which represents a sevenfold jump since 2007, whereas branch banking has fallen by 15 percent. Furthermore, it is envisaged that non-traditional forms of banking are going to rise, with an increasing number of banks introducing novel platforms such as telebanking, mobile banking, etc., to p...See the full content of this document
