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The new requirement has drawn flak as red tape that may unduly impact individual registrants and startups.
The move has perplexed organisations like IFF which had sought judicial intervention citing grave constitutional concerns.
Predatory loan apps targetting gullible borrowers are thriving in India's unregulated waters, but that may not be for long.
Visa's mysterious absence from the central bank's list of SAR compliant entities prompts further questions.
Aside from data breaches, India's IT security agency was also alerted to cybersecurity incidents that were greater in number.
Since the pilot has now crossed 60,000 facial authentications, will the government stick to its guns and roll it out across India?