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P2P players blame lending limit for rising costs

Industry players want the RBI to raise the lending limit for individual borrowers and remove it for institutional lenders

P2p Lending

Nikhat Hetavkar  |  Mumbai 

RBI, Reserve Bank of India

Peer-to-peer lending (P2P) platforms have seen a rise in traffic as well as investor interest after registering themselves with the RBI. But they argue the Rs 1-million limit placed on lenders across all platforms is restrictive.



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First Published: Wed, January 03 2018. 01:46 IST