RBI working towards simplifying registration process of new NBFCs: R. Gandhi, Deputy Governor
RBI concept note on P2P lending to be shortly put up on website for public comments Shrutee Kate/DNS In order to improve ease of doing business and make the process of registration of new non-banking finance companies smoother and hassle free, the Reserve Bank of India (RBI) is simplifying and rationalising the registration process, a top official said at an ASSOCHAM event held in Mumbai today. “The new application forms will be simpler and the number of documents required to be submitted will be reduced and the entire process could be made online for ease, speed and transparency,” said Mr R. Gandhi, deputy governor, RBI while inaugurating an ASSOCHAM summit on ‘NBFCs: The Changing Landscape.’ He also said that RBI will soon put up a concept note on peer to peer lending (P2P) on its website for public comments and the contours of regulating P2P lending will be decided in consultation with markets regulator Securities Exchange Board of India (SEBI). Mr Gandhi said ...