NBFC-P2P lending platforms can’t promote P2P lending as an funding product, says RBI
The Reserve Financial institution of India has cautioned non-banking monetary firm – peer-to-peer (NBFC-P2P) lending platforms that they can’t promote P2P lending as an funding product with options equivalent to tenure-linked assured minimal returns, and liquidity choices. The central financial institution additionally stated an NBFC-P2P can’t utilise funds of a lender for substitute of every … Read more