More transparency in peer-to-peer lending

The validation of the P2P model by the government and the RBI will play a significant role in boosting confidence among lenders and borrowers

With the inclusion of peer-to-peer (P2P) lending into a macro regulatory framework, India has now joined the ranks of countries such as the UK, the US, and China among others, which have a regulatory framework for this model. P2P lending has been facilitating easier access to loans for consumers, who are either denied credit by traditional banks or are not served at all. By bridging the gap between consumers and credit, P2P lending platforms are helping achieve the goal of financial inclusion. The validation of the P2P model by the government and the Reserve Bank of India (RBI) will play