P2P lenders rework products, business to follow RBI diktat

Increased regulatory scrutiny has pushed peer-to-peer lending startups in India to redesign their products and rework their business strategies.

Consumer-facing fintechs, which worked with lending platforms like Liquiloans, LenDenClub, Lendbox and Faircent to source credit for their users, have also become cautious with their product strategies, said people in the know.