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India P2P pauses withdrawals and new investments following RBI guidelines

RajS

TF Select
India P2P has temporarily halted withdrawals and new investments on its platform following new RBI guidelines on NBFC-P2P lending, issued on August 16.


The company informed customers that bulk withdrawals will be limited in compliance with these rules.

It reassured that no non-compliance has occurred in the past or present and aims to resume withdrawals next week, based on repayments received.

Affected Mobikiwik Xtra, Lendbox etc

 
Most probably if RBI allows. But, everone will withdraw amount which will make things more messier
 
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