Lending and borrowing limits on peer-to-peer lending platforms3 min read . Updated: 16 Oct 2017, 05:46 PM IST
RBI has imposed limits on how much can be lent and borrowed by individuals from these platformsto limit the risk exposure of individuals
Peer-to-peer (P2P) lending service providers have been around since early 2014 but for investors looking to put some money in this space there was a fear of the sector not being clearly regulated under standard guidelines. After making it clear that P2P lending companies will be registered as non-banking financial companies (NBFCs), the Reserve Bank of India (RBI) recently came out with guidelines for the P2P lending space, which you can read here.
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