P2P firms dial RBI for secondary market access, instant liquidity tools
wealth management tool for investors with the right risk appetite, has sought clarity from the Reserve Bank of India on certain features around instant liquidity, flow of funds between borrowers and lenders and automatic reinvestment of gains.
ET Guide to ITR
Made a mistake in your filed ITR? Check the revised ITR filing last date
How to file ITR after July 31 deadline?
What is the penalty for filing ITR after the July 31 deadline
Industry insiders believe by offering the right product with options of liquidity on demand and access to secondary market transactions, P2P lending can be an attractive tool for investors looking to diversify into new asset classes.
Elevate Your Tech Prowess with High-Value Skill Courses
Offering CollegeCourseWebsiteIndian School of BusinessProfessional Certificate in Product ManagementVisitIIT DelhiCertificate Programme in Data Science & Machine LearningVisitMIT xPROMIT Technology Leadership and InnovationVisitThe RBI did not respond to emailed queries from ET.
A spokesperson for the Association of P2P Lending Platforms confirmed that they have written to the banking regulator about secondary market operations. If the RBI gives clearance, it will offer lenders on P2P platforms an option to sell their outstanding loans midway through the tenor and exit the investment or reinvest the money.
“Secondary is one of the essential features required by the retail lenders and as per the industry, the regulations provide for it; however, the industry is awaiting regulatory clarity and the
