Current Affairs

GK MCQs Section
Q. Which bank became the first Indian bank to implement compliance for the Digital Personal Data Protection Act 2023?
Answer: Axis Bank
Notes: Axis Bank became the first Indian bank to implement compliance for the Digital Personal Data Protection Act (DPDP Act) 2023 in partnership with Privy by IDfy. The DPDP Act 2023 sets new standards for data protection and accountability. It requires privacy notices in 22 languages, maintaining consent records, obtaining parental consent for minors, and reporting privacy breaches. The initiative reflects Axis Bank’s commitment to customer privacy, ethics, and transparency.

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