LenDenClub gets RBI nod to establish as ‘NBFC-P2P’

By: Siddharth Unhavne

Mumbai, July 20 LenDenClub, online peer-to-peer lending marketplace for salaried borrowers, today said it has received RBI clearance to establish itself as an NBFC-P2P.

RBI today gave Certificate of Registration (CoR) to LenDenClub as an NBFC-P2P making it the one of the first 3 players to start operations in India, said in a release here.

“Registration as NBFC-P2P was one of the most important stepping stone for us. This is the altogether different era for us compared to the time when we started with the hope to be regulated one day. This will help us establishing LenDenClub brand more strongly as this will boost lenders’ confidence,” LenDenClub CEO Bhavin Patel. **************

Credit : Outlookindia

Read more at: https://www.outlookindia.com/newsscroll/lendenclub-gets-rbi-nod-to-establish-as-nbfcp2p/1353573

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