📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • ✖

      Question

      A Peer-to-Peer company in India is to be registered as

      a/an:
      A AIF Correct Answer Incorrect Answer
      B NBFC Correct Answer Incorrect Answer
      C Investment Company Correct Answer Incorrect Answer
      D Trust Correct Answer Incorrect Answer
      E Any of the above Correct Answer Incorrect Answer

      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

      Practice Next
      ask-question