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P2P Lenders Tried To Outsmart RBI, Then Paid The Price—NDTV Profit Exclusive
Why has the RBI become tough on P2P lenders?
27 Feb 2024, 10:47 AM IST ![NDTV Profit](/icons/feather-without-circle.svg)
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![<div class="paragraphs"><p>(Source: Unsplash)</p></div>](https://media.assettype.com/bloombergquint%2F2024-02%2Ff550231b-a6fb-41b9-85f7-57944c260b25%2Fshane_U_ekGjoIm_E_unsplash.jpg?rect=0%2C397%2C5616%2C3159&auto=format%2Ccompress&w=200)
(Source: Unsplash)
On Feb. 9, as audience at the CII event were paying attention to Reserve Bank of India Deputy Governor M. Rajeshwar Rao’s speech, a flag on the NBFC-P2P business practices surprised everyone. Of late, some business practices of these lenders do not appear to be in-line with regulatory guidelines, he said.Rao re-asserted that any breach of regulatory guidelines was non-acceptable. The players were underplaying risks in lending activit...
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