RBI has notified that P2P lending platforms need to be regulated and treated on par with Non-Banking Financial Companies (NBFCs). P2P stands for

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Product-to-Product
B	Peer-to-Peer
C	Person-to-Person
D	Primary-to-Primary

Explanation:

Detailed explanation-1: -The P2P lending is regulated by the Master Directions for NBFC Peer to Peer Lending Platform issued by the RBI in 2017. Only an NBFC can register as a P2P lender with the permission of RBI. Every P2P lender should obtain a certificate of registration from the RBI.

Detailed explanation-2: -The lender investing more than ₹ 10, 00, 000 across P2P platforms shall produce a certificate to P2P platforms from a practicing Chartered Accountant certifying minimum net-worth of ₹ 50, 00, 000.

Detailed explanation-3: -The Investment Firm Brokerage License will regulate companies that operate as P2P lending marketplaces. You will no longer invest in claims against borrowers from various loan originators but into financial instruments.

There is 1 question to complete.