Non-performing assets in P2P lending grows over two times in FY24

Quick Summary:

NPAs were recorded at a modest Rs 14.

In its revised guidelines, the RBI mandated that funds transferred into the lenders’ and borrowers’ escrow accounts should not remain in these accounts for more than T+1 days, where T refers to the date on which the funds are received.

Non-performing assets in P2P lending grows over two times in FY24NPAs were recorded at a modest Rs 14.

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Category: BusinessFinance

Markets: India

Topics: Reserve Bank of India Capitalmind Financial Services NBFC Non-performing assets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-16 @ 17:20:08 (11 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 427 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 24431157

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