scorecardresearchRBI to consider permitting P2P firms to enter secured lending

RBI to consider permitting P2P firms to enter secured lending

Updated: 19 Sep 2022, 10:59 AM IST
TL;DR.
According to the broad contours of the mechanism that has figured in talks between the banking regulator and P2P players, transactions and fund movement will be through an escrow account.
According to the RBI’s Financial Stability Report of December 2021, lending through P2P platforms made up for a small portion of overall NBFC lending at  <span class='webrupee'>₹</span>2,093 crore

According to the RBI’s Financial Stability Report of December 2021, lending through P2P platforms made up for a small portion of overall NBFC lending at 2,093 crore