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RBI Consultation Paper on P2P Lending: Summary
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by
Pavishka Mittal
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published
May 18, 2016
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last modified
May 18, 2016 12:12 PM
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filed under:
Sharing Economy,
Reserve Bank of India,
Research,
Network Economies,
P2P Lending,
Researchers at Work
The Reserve Bank of India published a Consultation Paper on Peer-to-Peer Lending on April 28, 2016. The Paper proposes to bring the P2P lending platforms under the purview of RBI’s regulation by defining P2P platforms as NBFCs under section 45I(f)(iii) of the RBI Act. Once notified as NBFCs, RBI can issue regulations under sections 45JA and 45L. The last date for submission of comments to the Consultation Paper is May 31, 2016. In this post, Pavishka Mittal presents a summary of the Paper.
Located in
RAW
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RBI Consultation Paper on P2P Lending: Legality and Implications
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by
Pavishka Mittal
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published
May 23, 2016
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last modified
May 31, 2016 01:25 PM
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filed under:
Sharing Economy,
Reserve Bank of India,
Research,
Network Economies,
P2P Lending,
Researchers at Work
The Reserve Bank of India published a Consultation Paper on Peer-to-Peer Lending on April 28, 2016. The Paper proposes to bring the P2P lending platforms under the purview of RBI’s regulation by defining P2P platforms as NBFCs under section 45I(f)(iii) of the RBI Act. Once notified as NBFCs, RBI can issue regulations under sections 45JA and 45L. The last date for submission of comments to the Consultation Paper is May 31, 2016. In this post, Pavishka Mittal discusses the legality and implications of the proposed classification of Peer-to-Peer lending companies as NBFCs.
Located in
RAW
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RBI Consultation Paper on P2P Lending: Data Security and Privacy Concerns
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by
Vipul Kharbanda
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published
May 31, 2016
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last modified
Jun 01, 2016 11:41 AM
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filed under:
Privacy,
Reserve Bank of India,
Data Protection,
Research,
Network Economies,
P2P Lending,
Researchers at Work
On April 28, 2016 the Reserve Bank of India published a consultation paper on P2P Lending and invited comments from the public on the same. The Paper discusses what P2P lending is, the various regulatory practices that govern P2P lending in different jurisdictions and lists our arguments for and against regulating P2P lending platforms.
Located in
RAW
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Comments on the RBI's Consultation Paper on Peer to Peer Lending
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by
Sumandro Chattapadhyay
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published
Jun 01, 2016
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last modified
Jun 01, 2016 08:21 PM
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filed under:
Privacy,
Reserve Bank of India,
Data Protection,
Research,
Network Economies,
P2P Lending,
Researchers at Work
The Reserve Bank of India published a Consultation Paper on Peer to Peer Lending on April 28, 2016, and invited comments from the public. CIS submitted the following response, authored by Elonnai Hickok, Pavishka Mittal, Sumandro Chattapadhyay, Vidushi Marda, and Vipul Kharbanda.
Located in
RAW
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RBI and Regulation of Digital Financial Services in India, 2012-2016
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by
Shivalik Chandan
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published
Jul 11, 2016
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last modified
Jul 11, 2016 06:27 AM
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filed under:
Unified Payments Interface,
Online Payments,
Reserve Bank of India,
Mobile Banking,
Research,
Network Economies,
P2P Lending,
Researchers at Work
The Reserve Bank of India (RBI) published its first guideline on mobile banking in 2008, and the conversation on integrating Aadhaar numbers with bank account numbers on one hand and mobile numbers on the other started as soon as UIDAI was established. However, it is the post-2010 period, with rapid growth of the e-commerce sector in India, that saw rise of digital financial services and intermediaries, and hence the demand for regulatory intervention in the sector. This essay by Shivalik Chandan tracks RBI policies and guidelines responding to and shaping the regulatory framework of the digital financial sector in India, including both mobile banking and online transactions.
Located in
RAW
