Former Infosys CFO V Balakrishnan has joined the Association of NBFC P2P Platforms as a patron member. The new grouping brings together P2P lending industry players aiming to represent India’s NBFC-P2P sector at key forums and influence policy and industry discussions.
P2P fintech RupeeCircle has partnered with Tata AIG to provide insurance cover for its peer-to-peer loan portfolio. The tie-up aims to add a layer of protection to borrowers and help reduce uncertainty around repayment. Details on the exact coverage structure were not provided in the brief report, but the move signals growing insurance integration in digital lending.
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Peer-to-peer lending firms are watching closely as the RBI seeks comprehensive financial data from P2P players. Industry participants believe the move could set up major policy changes, including a possible revision of the current Rs 10 lakh lending cap. The regulator’s data request signals a deeper review that may reshape how P2P platforms operate going forward.
Faircent.com has lowered the minimum interest rate on unsecured personal loans to 9.99%. The move intensifies competition in India’s peer to peer lending space, raising the question of whether other platforms will respond with similar pricing. For borrowers, the rate drop could mean cheaper credit, while lenders may have to balance margins, risk, and demand.
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