Zerodha CEO Nithin Kamath calls regulations ‘double-edged sword’: ‘…They can be a …’

Zerodha CEO Nithin Kamath recently said that regulations are a double-edged sword, using peer-to-peer (P2P) lending as a case in point. In a post on X (formerly known as Twitter), he explained that recent regulatory changes in the P2P sector have forced platforms to overhaul their business models. In case you are not aware, the Reserve Bank of India (RBI) tightened its guidelines for P2P lending in August this year. The revised rules specified that funds transferred into the escrow accounts of lenders and borrowers must be settled within T+1 days, where T refers to the day the funds are received.