P2P lending regulation guidelines

https://m.economictimes.com/tech/startups/p2p-lenders-to-stop-liquid-funds-as-rbi-peers-into-business/articleshow/108686922.cms https://twitter.com/ravihanda/status/1771021456287088858

- The Reserve Bank of India (RBI) has issued amended guidelines for Peer-to-Peer (P2P) lending platforms, aiming to enhance transparency and curb irregular practices. - The new rules prohibit NBFC-P2P entities from assuming credit risk, ensuring lenders are fully aware of the risks involved and responsible for any losses due to borrower defaults. - Stricter guidelines for escrow accounts mandate that funds be transferred within one day of receipt, ensuring timely processing of transactions. - Restrictions on cross-selling products, except for loan-specific insurance, aim to reduce conflicts of interest and focus platforms on their core function of matching lenders with borrowers. - Monthly disclosures of portfolio performance and non-performing assets (NPA) will help lenders make more informed decisions, with a call for standardized formats to facilitate easier comparisons across platforms. Source: [Moneycontrol](https://www.moneycontrol.com/news/business/personal-finance/rbis-new-rules-for-p2p-platforms-a-net-positive-for-lenders-borrowers-say-experts-12801755.html)

RBI cracking down on P2P credit card payments. Do you think the move was justified?

I have put lots of my liquid money into P2P lending and get 1k daily from cred mint, mobikwik xtra and 12%. Reason- My bank pays interest which hardly can beat inflation. Question - Where should I park my liquid money ? PS - Markets at high and real estate is bound to crash.

thought on p2p lending as a investment like Cred mint, 12 percent club, OkNivesh (okcredit) Grip Invest, India P2P etc. i do not faced any problems with withdrawal and i used Cred mint and 12 percent club but scared as might be chances there NPA will increased and i might not able to withdraw my whole month i kept around 8L in cred mint and 3L in 12 percent club your thoughts?

https://m.economictimes.com/tech/technology/non-chinese-lending-apps-including-payus-lazypay-kissht-blocked-on-meitys-order/articleshow/97656552.cms