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<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head> </head> <body> <div style="font-family:Verdana, Geneva, sans-serif; font-size:12px; text-align:justify"> <table width="800" border="0" style="border:1px solid #ccc;padding:5px;" align="center" cellpadding="6" cellspacing="0"> <tr> <td align="left" valign="top"> <br /> Reserve Bank of India <br /><br /> RBI releases Consultation Paper on Peer to Peer Lending<br /><br /> MANU/RPRL/0124/2016 - (28 Apr 2016)<br /><br /> </td> </tr> <tr> <td align="left" valign="top"></td> </tr> <tr> <td align="left" valign="top" style="background-color:#FDEDCE"><strong>The Reserve Bank of India released a <a href="https://rbidocs.rbi.org.in/rdocs/content/pdfs/CPERR280416.pdf">Consultation Paper on Peer to Peer Lending</a>, better known as ‘crowd-funding’. <BR><BR> Crowd-funding typically relies on an online platform that matches lenders with borrowers to provide unsecured loans. Borrowers and lenders can be natural persons, companies or other entities. <BR><BR> India, at present, does not have in place a regulatory framework for Peer to Peer lending. The Paper talks of the pros and cons of regulating the sector and suggests a framework to effect the same. It also discusses capital limits, activities for which money can be lent, governance requirements, and a fair practice code.</strong></td> </tr> <tr> <td align="left" valign="top" ><strong></strong></td> </tr> <tr> <td align="left" valign="top" ><strong>Tags : peer to peer, lending, rbi, crowd-funding</strong></td> </tr> <tr> <td align="left" valign="top"> </td> </tr> <tr> <!--<td><strong>Source : <a target="_new" href="http://www.manupatrafast.com/">newsroom.manupatra.com</a></strong></td>--> <td align="left" valign="top"><strong>Source : newsroom.manupatra.com</strong></td> </tr> <tr> <td align="left" valign="top"> </td> </tr> <tr> <td align="left" valign="top">Regards</td> </tr> <tr> <td align="left" valign="top">Team Manupatra</td> </tr> <tr> <td align="left" valign="top"> </td> </tr> </table> </div> </body> </html>