Last Friday, the Reserve Bank of India released revised guidelines for NBFC-P2P Lending Platforms. This action was in a way overdue. The issue of systemic risks rising in this sector had been flagged earlier - read Tamal Bandopadhyay’s detailed illustrations last month of violations of guidelines by firms.
Don't mess with the RBI!
Last Friday, the Reserve Bank of India released revised guidelines for NBFC-P2P Lending Platforms. This action was in a way overdue. The issue of systemic risks rising in this sector had been flagged earlier - read Tamal Bandopadhyay’s detailed illustrations last month of violations of guidelines by firms.