India’s P2P lenders face existential crisis amidst regulatory crackdown, ET BFSI
India’s P2P lenders face existential crisis amidst regulatory crackdown The Reserve Bank of India’s (RBI) recent penalties on four major P2P platforms—Rang De, Faircent, Financepeer, and Finzy—highlight systemic non-compliance, weak corporate governance, and regulatory violations. A model designed to democratize credit is now at risk of becoming a breeding ground for financial mismanagement and ethical … Read more
