According to the RBI rsquo s guidelines for peer to peer P2P lending platforms what is the minimum n...........

Finance Alternate sources of finance

According to the RBI’s guidelines for peer to peer (P2P) lending platforms, what is the minimum net worth requirement for these platforms

Rs. 10 Crores

Rs. 5 Crores

Rs. 2 Crores

Rs. 1 Crores

Explanation:

According to the RBI’s guidelines for peer to peer (P2P) lending platforms, the minimum net worth requirement for these platform is Rs. 2 crore. These peer to peer platforms are registered with RBI as NBFC’s. Marketplace lenders generate revenue by charging fees to borrowers and taking a percentage of the interest earned on the loan.