Page 2 - P2p Lending
Keep P2P lending out of leverage ratio limits: Experts
Welcoming the RBI's move to bring the nascent peer-to-peer (P2P) lending under regulation, experts want the banking regulator to keep the sector out of leverage ratio limits as they are not deposit-taking entities. RBI last month released a consultation paper on P2P lending with a view to bringing the emerging activity under regulations. P2P lending -- providing loans to individuals or businesses through online services which bring together lenders and borrowers-- is a new concept in India, but it is growing globally in the countries like the UK and the US. In 2015, the UK granted USD 32 billion P2P loans, while the US saw USD 22 billion financing. "Any regulatory change makes the system more streamlined and if it is done in a constructive manner keeping in view the benefits of all stakeholders, can definitely boost the sector," Rajat Gandhi, Founder and Chief Executive Officer of Faircent, told PTI. Welcoming the move, another player 'i2ifunding' said it will weed out ...
P2P lenders chalk out aggressive expansion plan post RBI recognition
Several urban-centric P2P lenders such as Faircent and i-lend have seen a brisk growth in a very short span of time
 "P2P lenders chalk out aggressive expansion plan post RBI recognition")
RBI floats discussion paper on P2P lending: 5 questions answered
Business Standard explains the concept of P2P lending and its implications on the financial sector
 "RBI floats discussion paper on P2P lending: 5 questions answered")
NBFCs tie up with P2P lending firms to source customers
RBI looking to monitor sector as it's gaining momentum with several online players setting shops
 "NBFCs tie up with P2P lending firms to source customers")
