 "P2P")
According to news reports, the Reserve Bank of India (RBI) recently sent a list of questions to registered peer-to-peer (P2P) lending platforms enquiring about several aspects of their business. While some industry insiders dismissed these queries as routine, others believe they are a precursor to the regulator undertaking further tightening of norms within the industry. In the meanwhile, investors using these platforms to earn higher returns should exercise a lot of caution.
Modus operandi
P2P platforms essentially match lenders with borrowers. Different platforms focus on different segments of borrowers. India P2P, for instance, focuses on women who own small businesses.
