Last week, the central bank issued a revised master circular on regulations for P2P lenders. It included barring them from credit enhancement, assuring guaranteed returns and prohibiting them from selling insurance products. It also said that the T+1 transactions mandate must be adhered to.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.