RBI plans to regulate nascent P2P market
Central bank proposes bringing peer-to-peer lending within its regulatory remit
The Reserve Bank of India (RBI) is planning to bring the country's youthful but fast-growing peer-to-peer (P2P) lending market within the scope of its regulation.
P2P lending is a relatively new phenomenon on the global stage and the RBI says its total value worldwide was around £4.4 billion ($6.4 billion) in 2015.
Statistics on the size of the local market are harder to come by, the central bank says, but it estimates around 30 P2P lenders are active, with around 20 setting up shop in the last
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