'Fintechs must treat data as fiduciary duty, not business asset,' says RBI Governor Sanjay Malhotra
September 10, 2026
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Reserve Bank of India governor Sanjay Malhotra stressed data fiduciary responsibility for fintechs. He stated that user data must be treated as a trustee asset, not a business asset. Firms must use data strictly within user consent, protecting it diligently
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