MD Master Directions - Non-Banking Financial Company – Peer to Peer Lending Platform (Reserve Bank) Directions, 2017 Flashcards
1
Q
The aggregate exposure of a lender to all borrowers at any point of time, across all P2P platforms, shall be subject to a cap of ……………… provided that such investments of the lenders on P2P platforms are consistent with their net-worth.
A
₹50,00,000/-
2
Q
The lender investing more than ₹……………. across P2P platforms shall produce a certificate to P2P platforms from a practicing Chartered Accountant certifying minimum net-worth of ₹…………..
A
₹10,00,000/-, ₹50,00,000/-
3
Q
The aggregate loans taken by a borrower at any point of time, across all P2Ps, shall be subject to a cap of ………………….
A
₹10,00,000/-
4
Q
The exposure of a single lender to the same borrower, across all P2Ps, shall not exceed ………………
A
₹50,000/-
5
Q
The maturity of the loans shall not exceed ……. months
A
36
