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RBI Intensifies Scrutiny on P2P Lending Platforms

Kumari Sonali

RBI Intensifies Scrutiny on P2P Lending Platforms:

The Reserve Bank of India (RBI) has intensified its regulatory scrutiny on Non-Banking Financial Company–Peer to Peer Lending Platform (P2P) lending platforms following the discovery of multiple regulatory violations, including high levels of non-performing assets (NPAs). RBI identified violations, including unauthorised deposit acceptance and unusually high balances in escrow accounts raised concerns during RBI’s review.

 

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