The Reserve Bank of India (RBI) regulates over 20 registered P2P platforms, ensuring transparency and investor protection. Despite challenges like a non-performing asset (NPA) rate of around 2-3 per cent, the sector remains a crucial tool for financial inclusion
RBI. File pic
- P2P platforms connect borrowers directly with lenders, offering faster loan approvals
- The Reserve Bank of India regulates over 20 P2P platforms, ensuring transparency
- A P2P platform is now not allowed to promote P2P lending as an investment product
The Peer-to-Peer (P2P) lending sector in India has grown rapidly, with the market expected to reach Rs 7,000 crore by 2025, expanding at a CAGR of over 30%. This growth is driven by increased digital adoption and a demand for alternative financing solutions. P2P platforms connect borrowers directly with lenders, offering faster loan approvals and interest rates ranging from 10% to 30%, often more competitive than traditional banks. The Reserve Bank of India (RBI) regulates over 20 registered P2P platforms, ensuring transparency and investor protection. Despite challenges like a non-performing asset (NPA) rate of around 2-3%, the sector remains a crucial tool for financial inclusion.
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