Banking & Finance News

P2P lending: RBI proposes Rs 2 cr capital, checks on money laundering

P2P lending: RBI proposes Rs 2 cr capital, checks on money laundering

Peer-to-peer lending rules: RBI has proposed prohibiting P2P platforms from promising or suggesting a promise of extraordinary returns, which implies some form of guarantee of returns to lenders.

Indian Rupee weakens 6 paise to 66.58 against US dollar
Indian Rupee weakens 6 paise to 66.58 against US dollar

The month-end demand from banks and importers and a lower opening of the domestic equity market mainly weighed on the rupee, forex dealers said.

Horoscope: By Peter Vidal

Today ( 01 May )This Week ( 24 Apr - 07 May )

SAGITTARIUS Everyone is liable to suffer misunderstandings, but you in particular will discover that confusion centres around money. It goes without saying that you should watch out that you're not short-changed. The last thing you want now is… read more