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RBI likely to agree on nodal agency

Final guidelines expected soon; P2P players may also get access to credit bureau data

Nupur Anand  |  Mumbai 

The Reserve Bank of India (RBI) is expected to issue the final guidelines for peer to peer (P2P) lending in the next few days. It is expected to concede to lending firms’ suggestion for a nodal agency. This was one of the focus areas of outgoing RBI governor Raghuram Rajan.

People familiar with the development say the final guidelines are expected to come out before he demits office on Sunday. A P2P lending firm allows an individual to lend or borrow money to or from others, without assistance from financial intermediary. This is mainly done through an online platform that ...

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First Published: Wed, August 31 2016. 23:58 IST
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