P2P platforms look for biz model restructuring to comply with RBI norms

Rs 10 lakh cap on lending is restrictive, say players

With the Reserve Bank of India spelling out guidelines for regulating peer-to-peer (P2P) lending, many of these lenders are looking at ways to comply with the norms by restructuring their business models. Further, companies find Rs 10 lakh cap on lending restrictive, given the phenomenal growth of the sector in the past couple of years.  

“The aggregate exposure of a lender to all borrowers at any point of time, across all P2Ps, shall be subject to a cap of Rs 10 lakh and the aggregate loans taken by a borrower at any point of time, across all the platform,