After over a year of deliberations and discussions, the RBI has finally released the official guidelines for non-banking financial companies (NBFCs) engaged in P2P lending in the country. In a draft, titled “Non-Banking Financial Company – Peer to Peer Lending Platform (Reserve Bank) Directions, 2017”, the central banking institution has specified a list of directions pertaining to the registration and operation of NBFC-P2Ps. Currently, at a nascent stage, the P2P lending landscape in India is poised to grow into a $4 billion-$5 billion industry by 2023.While the newly-released directions by the RBI come with a lot of positives, how far the drawbacks will affect the fledgling industry’s growth is something that only time will tell. (Details about the guidelines are mentioned in the link below.)

(Inc42)