Lowdown: RBI releases draft guidance on regulatory expectations for data governance

The Reserve Bank of India (RBI) has released a draft Guidance on Regulatory Expectations for Data Governance , proposing a comprehensive framework for how banks, NBFCs and other regulated entities (REs) should manage data across their entire lifecycle. The draft builds on supervisory findings and international standards, including the Basel Committee’s BCBS 239 principles, after the RBI found persistent weaknesses in how financial institutions govern data. How data should be governed through its