P&H HC: Eyewitness Account Not Credible if Eyewitness Directly Identifies Accused in Court  ||  Delhi HC: Conditions u/s 45 PMLA Have to Give Way to Article 21 When Accused Incarcerated for Long  ||  Delhi High Court: Delhi Police to Add Grounds of Arrest in Arrest Memo  ||  Kerala High Court: Giving Seniority on the Basis of Rules is a Policy Decision  ||  Del. HC: Where Arbitrator has Taken Plausible View, Court Cannot Interfere u/s 34 of A&C Act  ||  Ker. HC: No Question of Estoppel Against Party Where Error is Committed by Court Itself  ||  Supreme Court: Revenue Entries are Admissible as Evidence of Possession  ||  SC: Mere Breakup of Relationship Between Consenting Couple Can’t Result in Criminal Proceedings  ||  SC: Bar u/s 195 CrPC Not Attracted Where Proceedings Initiated Pursuant to Judicial Order  ||  NTF Gives Comprehensive Suggestions on Enhancing Better Working Conditions of Medical Professions    

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 :        

Disclaimer | Copyright 2024 - All Rights Reserved