The Reserve Bank of India (RBI) on February 27, 2025, updated the Master Direction - Non-Banking Financial Company - Peer to Peer Lending Platform (Reserve Bank) Directions, 2017.
The following modifications have been stated:
• Point No. 10 which states Submission of data to Credit Information Companies (CICs) has been substituted:
NBFC-P2P shall comply with the relevant instructions, as applicable, in the Master Direction – Reserve Bank of India (Credit Information Reporting) Directions, 2025 dated January 06, 2025, (as amended from time to time) for reporting and updating the credit information relating to borrower transactions on the platform. For the purpose, the NBFC-P2P shall include necessary consents in the agreement with the participants for providing the credit information.
[Notification No. RBI/DNBR/2017-18/57 Master Direction DNBR (PD) 090/03.10.124/2017-18]
