The Reserve Bank of India (RBI) on Thursday released a discussion paper on peer-to-peer (P2P) lending in which it proposed to regulate the business by classifying the players as non-banking finance companies.

The central bank has proposed a minimum capital requirement of Rs 2 crore, and wants players not to offer any extraordinary returns.

Click here to read more http://epaperbeta.timesofindia.com/Article.aspx?eid=31818&articlexml=RBI-Suggests-NBFC-Status-for-P2P-Lenders-29042016017021