RBI Clarifies NBFC-P2P Lending Rules: ₹2 Crore Capital, Escrow
Why in the news
RBI explained points of its NBFC-P2P framework to improve transparency, protect customer money and keep operations stable.
Key facts
- P2P platform: online marketplace linking borrowers and lenders without banks.
- Capital: ₹2 crore before the Certificate of Registration.
- Funds move via bank accounts of registered lenders and borrowers using escrow.
- T+1 means one bank working day.
| Term | Meaning |
|---|---|
| Leverage ratio | Outside liabilities over owned funds, excluding customer funds |
| Investible funds | Promoter capital and surplus; lender and borrower money excluded |
Significance
- Protects participants and supports regulated growth of alternative lending.
Exam angle
- Minimum capital ₹2 crore; settlement T+1.