The banking regulator said the platforms shall not assume any credit risk, provide credit enhancement or guarantee, shall not cross sell any product except for loan specific insurance products
For the inherent risks entailed in P2P lending, the return rate looks modest
An analysis done by LenDenClub from the annual data of four lakh users of its platform
The government is also committed to taking special policy measures to enable startups to attract foreign capital through hybrid instruments
The much-delayed peer-to-peer (P2P) lending guidelines have been finalised and will soon be released by the Reserve Bank of India (RBI) once it is notified by the government.
In an interview with Moneycontrol, Rajat Gandhi, CEO and Founder of peer-to-peer lender Faircent, expects a light touch set of guidelines for the P2P lending industry.
Uber India representatives are seeking an amendment to the Motor Vehicles Act, 1988, that would make it possible to introduce ride sharing using private cars, reports the Mint today.
The technology underpinning digital currencies, blockchain, has the potential to transform several aspects of the financial industry -- one of the being how brokerages carry out the clearing and settlement process for trades.
Raghuram Rajan will be busy give finishing touches to a host of policy decisions he has already announced before.
"We are looking at closing this financial year with business transactions at Rs 50 crore. Next year, we are looking at around Rs 200 crore (2017-18). And then we are looking at around Rs 2,000 crore of business transaction. In next three to four years we want to reach there," Rajat Gandhi Founder and CEO Faircent.com said.
The Reserve Bank of India has kicked off efforts to regulate peer-to-peer (P2P) lending in India. The move is believed to help the funding gap in the market which banks haven‘t been able to service sufficiently well. But what does the model offer?
Despite repeated cuts in China's official interest rates to boost the slowing economy, local banks appear reluctant to lend to potentially high-risk small companies, a trend similar to the credit crunch that plagued Europe during its own slowdown.
A decade ago Internet connectivity may have been considered a luxury, but the world's outlook on what I like to describe as the repository of collective
A privacy-centric file sharing and network storage device in the offing has raised $2.6 million from about a 1000 funders on a crowdfunding platform. It also won an award at CES 2013. Here is a look at it.