{"id":11591,"date":"2023-06-06T11:32:44","date_gmt":"2023-06-06T06:02:44","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=11591"},"modified":"2025-03-30T03:31:58","modified_gmt":"2025-03-29T22:01:58","slug":"peer-to-peer-p2p-lending","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/peer-to-peer-p2p-lending\/","title":{"rendered":"Peer-to-Peer (P2P) lending"},"content":{"rendered":"<h2><strong>About Peer-to-Peer (P2P) lending:<\/strong><\/h2>\n<ul>\n<li>It is done <strong>through a website<\/strong> that connects borrowers and lenders directly.<\/li>\n<li>Those who want to lend money, open an account with a P2P platform as a lender. And those who require a loan register themselves as a borrower.<\/li>\n<li>It enables individuals to <strong>obtain loans directly from other individuals<\/strong>, cutting out the financial institution as the middleman.<\/li>\n<li>In 2017, the Reserve Bank of India brought this service under its regulatory purview.<\/li>\n<li>Only an <strong>NBFC can register as a P2P lender<\/strong> with the permission of RBI. Every P2P lender should obtain a certificate of registration from the RBI.<\/li>\n<li>The minimum capital requirement to set up a P2P platform is fixed at Rs. <strong>2 Crores.<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr \/>\n<h3>Q1)\u00a0What is a Non-Banking Financial Company?<\/h3>\n<p>Non-Banking Financial Company is a financial institution that offers financial services and products similar to traditional banks, but it does not hold a banking license and cannot accept deposits from the public like a commercial bank.<\/p>\n<p><strong>Source:<\/strong>\u00a0<a href=\"https:\/\/economictimes.indiatimes.com\/tech\/technology\/after-online-payments-digital-loans-now-p2p-lending-under-rbi-lens\/articleshow\/100775366.cms\" target=\"_blank\" rel=\"nofollow noopener\"><u>After online payments, digital loans, now P2P lending under the RBI lens<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Peer-to-Peer (P2P) lending  is done through a website that connects borrowers and lenders directly.<\/p>\n","protected":false},"author":5,"featured_media":11592,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-11591","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/11591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=11591"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/11591\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/11592"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=11591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=11591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=11591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}