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P2P platforms see rising customer interest ahead of T+1 deadline
Business Standard
|November 04, 2024
Firms conducting pilots ahead of Nov 14 target
User interest in peer-to-peer (P2P) lending platforms may be picking up pace, even as players initially feared major business disruption following the Reserve Bank of India's (RBI's) revised guidelines for such companies in August.
P2P non-banking financial company (NBFC) lending platforms provide an online marketplace for participants in P2P lending, which includes individual lenders and borrowers. Individuals can view details about borrowers before lending them capital.
Companies noted that they are conducting pilots or have completed the implementation of the T+1 guideline ahead of the November 14 deadline, which mandates firms to clear funds in escrow accounts within one day.
Cette histoire est tirée de l'édition November 04, 2024 de Business Standard.
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