Rising costs from T+1 timeline may push weaker P2P players to the brink

While there are 26 licensees, only 10-11 players are active in this space, with the industry's assets under management totalling Rs 11,000 crore

The P2P (peer-to-peer) lending industry association has requested that the Reserve Bank of India (RBI) reconsider its mandate requiring funds in escrow accounts to be cleared within one day (T+1). In the absence of regulatory relief, industry players have indicated they will absorb the additional costs associated with the T+1 timeline for now. However, there are concerns that platforms with limited capital may struggle to survive under these conditions, potentially jeopardizing the already fragile industry.

“We have fairly high hopes that T+1 reversal should happen. We are simply asking for not having to do micro transactions. If