Navigating Cross-Border Data Transfers in Correspondent Banking under India’s DPDP Act
- November 26, 2025
INTRODUCTION The Digital Personal Data Protection (hereinafter referred to as “DPDP”) Act, 2023, marks a transformative shift in how Indian banks manage personal data, particularly within the context of correspondent banking, where cross-border data flows are an operational necessity. Correspondent banking where banks facilitate financial services for other banks, often in different jurisdictions relies heavily…
