🇮🇳India

RBI डेटा लोकलाइजेशन SAR गैर-अनुपालन

1 verified sources

Definition

SAR audits verify data storage within India for payment providers; outsourcing firms processing financial data for clients face RBI penalties for non-compliance.

Key Findings

  • Financial Impact: Penalties + potential license revocation (₹10-50 lakh typical fines)[3]
  • Frequency: Annual SAR submission within 6 months of fiscal year
  • Root Cause: Inadequate verification of data storage locations and access logs during manual audits

Why This Matters

The Pitch: Outsourcing firms handling payment data face RBI penalties and license loss from SAR failures. Automated localization monitoring prevents these enforcement actions.

Affected Stakeholders

CISO, Compliance Officer, Vendor Managers

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Financial Impact

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Current Workarounds

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

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