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Corporate Laws Central Ministry of Finance Foreign Exchange Management Act, 1999

Review of Master Directions (Non-Banking Financial Company)- Peer to Peer Lending Platform (Reserve Bank) Directions, 2017

23-Dec-2019 | RBI/2019-2020/121 DOR.NBFC(PD) CC.No.106/03.10.124/2019-20

On a review of the Master Directions, it has been decided that the aggregate exposure of a lender to all borrowers at any point of time, across all P2P platforms, shall be subject to a cap of INR 50,00,000 provided that such investments of the lenders on P2P platforms are consistent with their net-worth.The lender investing more than INR 10,00,000 across P2P platforms shall produce a certificate to P2P platforms from a practicing Chartered Accountant certifying minimum net-worth of INR 50,00,000.

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