The Reserve Bank of India (RBI) is looking into Bajaj Finserv’s proposal to allow customers the right to be “forgotten,” which would allow them to ask organizations to erase their personal data under certain conditions. The RBI has also hinted that the Telecom Regulatory Authority of India (TRAI) could play a role in ensuring that customer data privacy norms are met. This comes after Bajaj Finserv’s managing director Sanjiv Bajaj suggested the idea. The RBI’s examination indicates its growing interest in data privacy issues in the country, as it works to implement its own data protection guidelines.
RBI Examining Bajaj Finserv’s Proposal For Customers’ Right To Be ‘Forgotten’
The Reserve Bank of India (RBI) is examining Bajaj Finserv's proposal for allowing customers the right to be "forgotten" and has hinted that the Telecom Regulatory Authority of India (TRAI) could play a role in ensuring that customer data privacy norms are met. This comes after Bajaj Finserv's managing director Sanjiv Bajaj suggested that customers should have the right to ask organizations to erase their personal data under certain conditions.
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