Friday, January 15, 2016

Central bank plans to monitor peer-to-peer lending

The Reserve Bank of India (RBI) will soon release a discussion paper on unregulated peer-to-peer lending (P2PL) arrangements, which is lending money to unrelated individuals without assistance from any financial intermediary. Several online portals have sprung up in India to facilitate such lending, some even getting private funding from investors, but it is still at a nascent stage.

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