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 RBI to head the P2P lending firms in India- RBI to head the P2P lending firms in India
- November 20, 2017
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Presently all the Peer-to-peer loaning platforms in India will be under the control and directions of Reserve Bank of India, a newspaper notice from the Indian government expressed this on Wednesday. The warning adequately affirmed that all the enlisted Peer-to-peer platforms will be presently perceived under the working of RBI.
Now all the Peer-to-peer lending platforms in India will be under the control and regulations of Reserve Bank of India, a gazette notification from the Indian government stated this on Wednesday.
The notification effectively confirmed that all the registered Peer-to-peer platforms will be now recognized under the functioning of RBI.
The gazette notification also cleared that the P2P platforms will be now termed as non-banking financial companies (NBFCs) as they are directly involved in th...
- View more at: https://www.1888pressrelease.com/rbi-to-head-the-p2p-lending-firms-in-india-pr-625005.html
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