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Back to 2026-07-15🏦 Banking

Why is a state-run bank digitizing your private data consent?

15 Jul6 min read· 📷 Monstera Production

Union Bank of India has selected fintech provider Leegality’s Consentin platform to handle its digital data compliance. This integration ensures the bank fully complies with India's strict new data privacy law.

₹250 crore

Fines Under DPDP Act

⏳ Time Machine

How today’s news fits into the bigger picture

  1. 10 years ago

    Back in 2016, data privacy laws did not exist in India, and banks freely shared customer data with third-party telemarketers.

  2. Last year

    In 2025, the Ministry of Finance urged public banks to accelerate their tech partnerships to prepare for DPDP audits.

  3. Last month

    The bank issued an internal directive highlighting the high regulatory risks of paper-based customer consent forms.

  4. Yesterday

    Union Bank’s IT division completed final sandbox testing of the Consentin platform integration on its central database.

  5. Today

    Union Bank of India officially announced its partnership with Leegality to deploy digital consent tools.

  6. What happens next?

    By early 2027, the bank plans to use blockchain technology to store encrypted, customer-controlled consent keys.

Union Bank of India is modernizing how it handles your personal financial data. The public sector bank has partnered with Leegality to deploy its Consentin platform. This technology allows the bank to collect, store, and manage customer consent digitally. Under India's Digital Personal Data Protection (DPDP) Act, businesses face heavy penalties if they process personal data without explicit, clear permission. By digitizing this process, Union Bank eliminates physical paperwork and ensures that customers can easily grant or withdraw their data consent through their mobile phones.

💭 If you're wondering…

The Digital Personal Data Protection Act is India's landmark data privacy law that regulates how companies collect, store, and process personal customer data.

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