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ARTICLE · 09 JULY 2025

TRAI Issues Directions Regarding Pilot Project For Digital Consent Management With RBI-regulated Banks

Lex Orbis
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In today's digitally connected world, data has become a new currency.

IndiaFinance and Banking
Manisha Singh
Manisha Singh
Kratika Patel
Kratika Patel
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In today's digitally connected world, data has become a new currency. However, with huge data comes greater responsibility, and managing the consent of the data holders becomes indispensable for businesses. Consent management ensures that businesses properly obtain, store and track user consent for collecting and processing personal data. With comprehensive privacy laws such as India's Digital Personal Data Protection Act (DPDPA) and the IT Act, 2000, organisations are now under increasing obligation to obtain clear, informed and verifiable consent before handling personal data.

India's open banking ecosystem is evolving rapidly, backed by digital infrastructure, the Account Aggregator framework, and strong data privacy regulations. Consent management lies at its core, giving consumers control over who accesses their financial data, what is shared, and for how long. However, data leaks and misuse persist, especially when information is shared outside regulated

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