Question : RBI Peer to Peer Lending Regulation

(a) whether the Reserve Bank of India (RBI) has recently released consultation paper on peer to peer lending an online platform, if so, the details thereof;

(b) whether the firms and Non-Banking Financial Companies (NBFCs) are in the field have disapproved the minimum ceiling on the capital, if so, the details thereof; and

(c) the steps taken/being taken by the RBI to address their problems?

The Minister of State in the Ministry of Finance


(a): Yes, Madam.

(b): RBI has informed that they have received certain suggestions on lowering the minimum ceiling for NBFCs registered as Peer to Peer lending platform.

(c): RBI takes final view based on suggestion from all stakeholders including views of firms and NBFCs in this regard.

*******