RBI sets up panel to suggest measures for promoting digital lendingThe working group, chaired by RBI Executive Director Jayant Kumar Dash, will consist of both internal and external members, and submit its ...
RBI forms working group to regulate digital lending through loan apps“Recent spurt and popularity of online lending platforms/ mobile lending apps (‘digital lending’) has raised certain serious concerns which...
NBFC-P2P Association appoints Faircent’s Rajat Gandhi as its new PresidentThe regulatory authority has decided that in order to give the next push to the P2P lending platforms, the aggregate exposure of a lender t...
With 2018 hiccups gone, P2P companies look at 2019 with high hopes2018 was a landmark year for the peer-to-peer (P2P) industry.
Planning to lend on a P2P platform? Avoid these 5 common mistakesLending money to someone, ensuring regular interest payments, and eventually the return of principal on time - it is a tough job.
Ex-Infosys CFO V Balakrishnan joins Association of NBFC P2P Platforms as patron memberP2P lending industry players have formed association to represent the Indian NBFC-P2P industry at various forums.
Monexo to raise $10 million to expand P2P lending business in IndiaThe recent consultation paper issued by RBI is set to change the landscape and the team at Monexo is engaged with the regulators as well as...
P2P platform Monexo Fintech to raise $5 million in equityMonexo had a year and half ago announced a plan to raise $10 million. The company has now scaled down that by half.
P2P market place Monexo to start 1 min loan approval processThe company will leverage its proprietary, self-learning analytics platform as well as its tie-up with CRIF to access credit scores and oth...
Are P2P platforms safe for lending and borrowing? Find outUnlike in a bank, where the interest rate is largely a function of the cost of funds, in a P2P platform, the borrower's profile decides the...
Mukesh Bubna's fitness and adventure mantra: Dragon boatingDragon boating, an activity no less strenuous than pumping iron, is Monexo Fintech CEO's favourite things to do.
Monexo introduces 'auto invest' feature in its platformThe customer can change the rules set by him as per the risk-return ratio he is comfortable with and Monexo’s platform would immediately br...
Regulatory delays affect P2P lenders' operational efficiencyTrusteeship services tend to be very expensive and push up lending costs for borrowers, killing the growth prospects for this sector, say i...
Monexo ties up with WantedNote for easy access to credit for chemistsThe tie up is mainly aimed at ensuring the working capital requirement of the players in the pharma industry and the P2P platform is expect...
P2P firms to form an association for a fair code ahead of RBI guidelinesP2P companies are in the process of forming an association with an aim to create a fair practice code within the industry players and grapp...