Spotlight on RBI: Why & how it needs to build P2P lending business in India

Spotlight on RBI: Why & how it needs to build P2P lending business in India

Peer-to-peer lending or P2P lending has become an established model of funding consumers and businesses in the US, UK and China and growing adoption in India.

The benefits around reducing the cost of capital and increasing access to capital are well established. Such has been its impact that even governments have backed the system, with the UK government being active participants in sites like Funding Circle and Zopa. This week it has gone a step ahead as it announced a £2 million fund created to back social organizations via peer to peer lending and crowdfunding platforms. On the other hand, regulators […] Read more