RBI, vide notification dated 16th August 2024, has amended the provisions of The Master Direction - Non-Banking Financial Company – Peer to Peer Lending Platform (Reserve Bank) Directions, 2017 (“MD”), to address and rectify observed violations by NBFC-P2P Lending Platforms
P2P LENDING IN INDIA: OLD ROADS NEW RULES Introduction Peer to Peer (“P2P”) lending platforms (the “Platforms”) aims to provide individuals and entities with an alternative source for fulfilling their capital requirements. Whether it is for obtaining capital to run
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