BANKING AFFAIRS

Detailed explanation-1: -(i) The aggregate exposure of a lender to all borrowers at any point of time, across all P2P platforms, shall be subject to a cap of ₹ 50, 00, 000 provided that such investments of the lenders on P2P platforms are consistent with their net-worth.

Detailed explanation-2: -The amount lent can be a minimum amount of Rs 500-750. The maximum amount per lender is capped (in the aggregate) across all P2P platforms at Rs 50, 00, 000. However, if a lender lends above Rs 10, 00, 000, a certificate from a practising Chartered Accountant certifying minimum net-worth of Rs 50, 00, 000.

Detailed explanation-3: -a) The sum of all the exposure values of an NBFC-UL to a single counterparty must not be higher than 20 percent of the NBFC-UL’s available eligible capital base at all times.

Detailed explanation-4: -The Bank will take exposure to the extent of maximum 80% of credit risk by way of direct exposure and NBFC shall have minimum 20% of credit risk in its books of the proposed co-lending exposure till maturity. ii.

Detailed explanation-5: -The RBI directions, under sub-parts 2 and 4 of its Prudential Norms, state that a lender cannot lend more than Rs. 10 lacs to all borrowers across all platforms. Further, he cannot lend more than Rs. 50, 000 to a single borrower across all platforms.