Question
A Peer-to-Peer company in India is to be registered as
a/an:Solution
A Peer-to-peer lending company is to be registered as an NBFC-P2P with the RBI. The RBI has come out with guidelines to regulate the P2P companies in India. Some of the major guidelines include:
- Minimum Net owned funds of Rs.2 crore
- Maximum leverage ratio of 2
- Maximum exposure of a lender to all borrowers across P2P to be Rs.50 lakh
- Maximum loans taken by a borrower from all lenders across P2P to be Rs.10 lakh
- Maximum maturity of loans to be 36 months Maximum exposure of a lender to a single borrower at Rs.50,000
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