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!
Don't mess with the RBI!
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.