Prudential Norms and Operational Guidelines of NBFC-P2P

Prudential Norms and Operational Guidelines of NBFC-P2P

Prudential Norms :- 

NBFC-P2P might keep up a Leverage Ratio not surpassing 2. 

The total presentation of a bank to all borrowers anytime of time, over all P2Ps, should be liable to a top of 10,00,000/ - . 

The total credits taken by a borrower anytime of time, over all P2Ps, should be liable to a top of 10,00,000/ - . 

The presentation of a solitary loan specialist to a similar borrower, over all P2Ps, might not surpass 50,000/ - . 

The development of the advances should not surpass three years. 

P2Ps should get a declaration from the borrower or loan specialist, as relevant, that the cutoff points recommended above are being clung to. 

Operational Guidelines 

(1) NBFC-P2P should have a Board endorsed approach set up – 

Setting out the qualification criteria for members on it. 

Deciding the estimating of administrations gave by it. 

Setting out the standards for coordinating banks with borrowers in a fair and non-biased way. 

(2) The outsourcing of any movement by NBFC-P2P does not reduce its commitments and it might be in charge of the activities of its specialist co-ops including recuperation operators and the secrecy of data relating to the member that is accessible with the specialist organizations. 

(3) No credit should be dispensed unless the individual bank/s have endorsed the individual beneficiary/s of the advance and every concerned member have marked the advance contract.


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