The Reserve Bank of India (RBI) has finalised norms for peer-to-peer (P2P) lending platforms and is expected to release final guidelines in 2-3 weeks, a top finance ministry official said.
According to the official, the finance ministry has given its comments to the central bank and the latter is giving final touches to the rules.
“We have given our comments to the RBI. The guidelines should be out soon. The norms will be out before July-end,” the official told the news agency.
He also said the finance ministry has recommended that these platforms be registered as non-banking financial institutions.
