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Funds locked post RBI’s new P2P lending rules, Lendbox investors seek recourse

Peer to Peer Lending: Lendbox's flexible withdrawal option was discontinued after RBI’s revised guidelines came into effect from August 16. Co-founder Bhuvan Rustagi sought to reassure investors, saying their funds were safe and merely subject to a changed withdrawal dynamic.
Peer-to-peer lending: Easier and faster but is it safer?

The Reserve Bank of India has kicked off efforts to regulate peer-to-peer (P2P) lending in India. The move is believed to help the funding gap in the market which banks haven‘t been able to service sufficiently well. But what does the model offer?

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347

Lendbox

Funds locked post RBI’s new P2P lending rules, Lendbox investors seek recourse

Peer-to-peer lending: Easier and faster but is it safer?