21 D CCP DIGITAL FINANCE-P2P LENDING VIA FINTECH
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Certified Credit Professional — Certified Credit Professional.
One-liners from this chapter
Free sample — 8 of 66 rapid-fire Q&A cards.
What is Peer-to-Peer (P2P) lending in the context of digital finance?
P2P lending is a form of crowdfunded lending where individuals or businesses borrow directly from other individuals through an online platform, bypassing traditional financial intermediaries like banks.
What is the minimum capital requirement for an entity to register as an NBFC-P2P with RBI?
Minimum Net Owned Funds of Rs. 2 crore required.
Which regulatory body in India oversees P2P lending platforms?
The Reserve Bank of India (RBI) regulates P2P lending platforms in India under the Non-Banking Financial Company – Peer to Peer Lending Platform (Reserve Bank) Directions, 2017.
What is the maximum loan tenure permitted on an NBFC-P2P platform as per RBI guidelines?
Maximum loan tenure is 36 months (3 years).
Under what category are P2P lending platforms classified by the RBI?
P2P lending platforms are classified as Non-Banking Financial Companies (NBFCs) under the category NBFC-P2P, requiring mandatory registration with the RBI.
Under which RBI Master Direction are P2P lending platforms primarily governed in India?
RBI Master Direction on NBFC-P2P Lending Platform, 2017.
What is the maximum aggregate exposure a lender can have across all P2P platforms in India?
As per RBI guidelines, a lender's aggregate exposure across all P2P lending platforms cannot exceed Rs. 50 lakh at any point in time.
What is the aggregate lending limit for a lender across all P2P platforms in India?
Maximum aggregate exposure is Rs. 50 lakh across all platforms.
Video classes for this chapter
More chapters in Module D
Master the full CCP syllabus
Every chapter of Certified Credit Professional — videos, tests, notes and one-liner decks in one place.