RBI's draft data governance framework is timely, addressing financial sector data discipline via accountability, technical integrity, and risk management. It proposes a 'Single Source of Truth' and tailored prescriptions, crucial for entities. While largely well-designed, the author suggests vital improvements. These include clear metrics, implementation timelines, and reconciliation with regulations like DPDP law. Public consultations are essential to refine details, manage trade-offs, and ensure effective real-world impact. This will aid diverse entities, from large banks to smaller NBFCs, necessitating infrastructure upgrades.