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RBI likely to add tough riders to regulate P2P growth

RBI likely to add tough riders to regulate P2P growth

Saturday, March 18, 2017, 10:59 AM

The RBI is expected to introduce strong riders to prevent the nimble peer-to-peer lending industry from growing rapidly and suffering the same fate it did in many countries where P2P almost ended up looking like a Ponzi scheme. The RBI, which is expected to release the guidelines in the industry soon, believes that while the sector is yet to show much scale and traction.
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