Infographics by ALT

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How Does India’s First Index Crypto Mutual Fund Work?

MobiKwik Xtra Restarts P2P Product In Partnership With Lendbox

Mobikwik is soon going for an IPO but has hit a rough patch when it comes to P2P Lending as they extended the tenure of their flexi product from 3 months to 33 months for most users. This has done a lot of reputational damage to Mobikwik.

But because the P2P Product also brings in so much revenue to the company, they have already restarted it in partnership with Lendbox so it does not impact profitability just before the IPO.

Is T+1 Fund Settlement Period Fair For P2P Industry?

On 16th August 2024, RBI notified that all P2P platforms are supposed to comply with T+1 settlement time period for any inflows and outlfows, the industry has notified that it’s unfair and too restrictive. Read more in this infographic.

RBI Fines LiquiLoans And LendenClub For Breaching NBFC-P2P Guidelines

RBI fined Liquiloans and Lendenclub close to INR 2 Crore for breaching various regulations in the old NBFC-P2P guidelines. More fines are expected soon.