P2P lenders eye larger loans as RBI proposes regulatory norms
The Reserve Bank of India (RBI) on Thursday initiated steps to regulate the nascent and hitherto unregulated peer-to-peer (P2P) lending business. RBI has proposed registering P2P lending platforms as non-banking financial companies (NBFCs).
The banking regulator put out a discussion paper on P2P on its website on Thursday.
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