Global Trade Alert
Global Trade Alert

India: Data localisation requirement imposed on financial institutions

Announcement

10 May 2021

The Indian Central Bank has introduced a data localisation requirement for video-based customer identification process.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

10 May 2021

Revocation date:

No revocation date

Updated: 10 May 2021
Local operations requirement In force

On 10 May 2021, the Reserve Bank of India through Circular RBI/2021-22/35 DOR.AML.REC.No.15/14.01.001/2021-22 notified an amendment to the Know Your Customer (KYC) Master Direction, 2016. The amend...

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