India: RBI says there is need to regulate peer-to-peer lending platforms

India: RBI says there is need to regulate peer-to-peer lending platforms

RBI logo from the Bank's social media page. September 2015

Given past experience with emerging financial services businesses such as microfinance, the Reserve Bank of India (RBI) feels the need to have regulations in place for peer-to-peer (P2P) lending platforms, said R. Gandhi, deputy governor of the Reserve Bank of India (RBI).

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