India P2P has temporarily paused withdrawals and new investments following new RBI guidelines on NBFC-P2P lending.
The regulations, issued on August 16, prohibit P2P platforms from providing credit guarantees or liquidity options. India P2P assured customers that it has no compliance issues and plans to resume withdrawals next week based on repayments. However, industry players are concerned that the stricter rules could severely impact operations, especially the new T+1 settlement rule, which complicates fund transfers.