RBI Tightens Norms for NBFC-P2P Lending Platforms to Enhance Transparency and Compliance.

Banking & Finance

The Reserve Bank of India (RBI) has tightened regulations for Non-Banking Financial Company-Peer-to-Peer (NBFC-P2P) lending platforms to improve transparency and compliance. Under the new norms, these platforms must ensure stricter disclosure practices, enhance data security, and adhere to more rigorous operational standards. The RBI's move aims to bolster investor confidence and safeguard borrowers by mandating clear reporting and oversight mechanisms. This regulatory shift is expected to foster a more secure and transparent lending environment, promoting trust and stability within the financial technology sector.


      Platforms must now conduct regular audits to ensure adherence to the new compliance standards set by the RBI.

      The RBI will increase scrutiny of P2P lending operations to prevent potential financial misconduct and ensure regulatory adherence.

     

 

     


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CEO : Shaktikanta Das
Headquarter : Mumbai
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