RBI caps lending on P2P platforms at Rs 50 lakh
"On a review, it has been decided that the aggregate exposure of a lender to all borrowers at any point of time, across all P2P platforms, shall be subject to a cap of Rs 50,00,000 provided that such investments of the lenders on P2P platforms are consistent with their net-worth," the RBI said in a notification.
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RBI raises aggregate exposure limit to Rs 50 lakh on P2P lending platforms
Industry insiders said these were precursors to Thursday's move. “We requested for a limit of ₹1 crore for investment but… at least RBI considered for an elevation to ₹50 lakh,” Ranjan told ET after the announcement.
P2P lenders mail an SoS to RBI
The body has suggested immediate extension of the limit to Rs 1 crore for retail investors, which would allow HNIs to lend money through these platforms.
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Budget 2019: Make P2P investments tax-free to ease liquidity crunch
P2P extends loans to many types of borrowers, but the most important segment of borrower is the SMEs. Across the world and in India, cash-strapped SMEs have benefitted from P2P lending.
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P2P lenders knock on Finance Minister’s door for easier credit rules
Industry body wants to apprise Nirmala Sitharaman about challenges faced by the budding sector.
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RBI may change Rs 10 lakh lending cap on P2P platforms, say P2P players
Peer to Peer or P2P players are hopeful that the comprehensive financial data sought by the RBI might help the regulator to take some major policy decisions
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What could inspire a-year-old fintech to open a branch in a rural hinterland like Madhubani in Bihar.
Every transaction is validated multiple times on P2P platforms: Cashkumar
With the ease of digital transactions comes the threat of data theft.
Will ban on unregulated deposit schemes benefit P2P lending?
The next time you are looking for an unsecured loan, make sure you reach out to the right lender.
6 smart tips for investing in P2P lending
Lenders get a higher interest rate than other conventional modes of investment and borrowers can get loans without the myriad of paperwork and collaterals usually required.
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