P2P Lenders Tried To Outsmart RBI, Then Paid The Price—NDTV Profit Exclusive

Why has the RBI become tough on P2P lenders?

<div class="paragraphs"><p>(Source: Unsplash)</p></div>
(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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