The Rise and Fall of P2P Lending in India
Why in the News? In August 2024, the Reserve Bank of India (RBI) imposed stringent regulations on peer-to-peer (P2P) lending platforms, leading to a sharp decline in the sector’s assets under management (AUM) by 35%, from approximately ₹10,000 crore to ₹6,500 crore. While P2P platforms aim to connect lenders and borrowers without directly involving themselves […]
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