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.

Click here to read more Link: http://www.livemint.com/Industry/vLCecqoGwD7Su1TWSfKwiM/P2P-lenders-eye-larger-loans-as-RBI-proposes-regulatory-norm.html