Supreme Court: Registered Sale Deed Carries Strong Presumption of Genuineness || SC: Registry Cannot Intrude Into Judiciary’s Exclusive Domain By Questioning Why a Party is Impleaded || Calcutta HC: Third-Party Suits in a Deity’s Name are Allowed Only When The Sebait Loses Authority || Madras HC: Encroachment on a Public Street Cannot be Allowed Even If It Has a Religious Character || Karnataka HC: Bike Taxi Business Protected under Article 19(1)(G); State Can Regulate But Not Ban || Allahabad HC: Not Specifying Arrest Grounds in Memo is Dereliction; Erring Cops Must be Suspended || Del. HC Stresses Mandatory Legal Assistance to Preserve Fairness and Integrity of Criminal Trials || Supreme Court: Delhi High Court Ruling upheld on Taekwondo National Sports Federation Recognition || SC: Blockchain-Based Digitisation of Land Records Necessary to Reduce Property Document Litigation || Supreme Court to NCLT : Limit Power to Decide Intellectual Property Title Disputes under IBC

RBI releases Consultation Paper on Peer to Peer Lending- (Reserve Bank of India) (28 Apr 2016)

MANU/RPRL/0124/2016

Banking

The Reserve Bank of India released a Consultation Paper on Peer to Peer Lending, better known as ‘crowd-funding’.

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.

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.

Tags : PEER TO PEER LENDING RBI CROWD-FUNDING

Share :