RBI-Regulated P2P Lending: Why Banks and Regulators Are Keeping a Close Eye on This Growing Credit Trend
मुख्य बातें
- •The RBI regulates P2P lending platforms as NBFC-P2P entities since 2017, requiring mandatory registration and compliance with exposure limits.
- •RBI caps individual lender exposure at ₹50 lakh and borrower exposure per platform at ₹50,000 to mitigate credit risk.
- •P2P lending targets underserved segments but lacks full credit bureau integration until RBI mandated reporting to CIBIL and Equifax.
- •Banks are monitoring P2P growth due to competitive pressure and rising loan defaults, despite regulatory safeguards.
- •The sector is projected to reach ₹1 lakh crore by 2025, raising concerns over systemic risk and borrower over-indebtedness.
Peer-to-peer (P2P) lending has emerged as a disruptive force in India’s financial landscape, offering individuals and small businesses an alternative to traditional bank loans. Unlike conventional banking, P2P platforms connect borrowers directly with individual lenders through digital marketplaces, enabling faster disbursements and potentially higher returns for investors. However, this model has drawn increased attention from the Reserve Bank of India (RBI) and commercial banks, both of whom are monitoring its rapid expansion due to concerns over credit risk, fraud, and systemic stability.
