The Reserve Bank of India (RBI) regulates over 20 registered P2P platforms, ensuring transparency and investor protection. Despite challenges like a non-performing asset (NPA) rate of around 2-3 per cent, the sector remains a crucial tool for financial inclusion
RBI. File pic
- P2P platforms connect borrowers directly with lenders, offering faster loan approvals
- The Reserve Bank of India regulates over 20 P2P platforms, ensuring transparency
- A P2P platform is now not allowed to promote P2P lending as an investment product
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