When P2P platforms act like deposit-taking NBFCs

Before it is too late, the RBI should come down on practice of renting out the P2P licence and some of them playing fund managers instead of offering a meeting platform to borrowers and the lenders

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For six months, the interest rate is up to 9 per cent; for 12 months, it rises up to 10 per cent; for 24 months, up to 11 per cent; and for 36 months, up to 12 per cent. You beat inflation and witness your money growing every day.

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