Impact of RBI's Revised Guidelines on P2P Lending:Industry Insights with LenDenClub CEO Bhavin Patel

The RBI's new guidelines on peer-to-peer lending have caused some lenders to halt withdrawals and investments. The regulations mandate escrow accounts for transactions and restrict the resale of loans, creating liquidity challenges. As P2P lenders seek clarity from the RBI, the impact on urban consumption and financial liquidity remains uncertain. Bhavin Patel, Co-Founder & CEO, LenDenClub shares his views.

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[gauravrpatel]

After RBI guideline All P2P platform not give maturity withdrawal now. Dose RBI can rescue us in this situation? My daughter collage ll fees on September.

[serry-]

These p2p lending companies frozen withdrawal of funds, without lenders consent converted all money to long term loans. Pathetic situation for many lenders like us

[PrashantGarg-dj]

I am facing so much issues due to stop withdrawal I only invest because when I need of money I withdraw but due to this guidelines thinking to suicide because my large amount of money is blocked these is due to this stupid RBI and government