What is the RBI reference number for this direction?

The RBI reference number is RBI/DOR/2025-26/370, issued on November 28, 2025. This direction contains 6 chapters covering: Preliminary, Role of Board, Registration and Permissible Activities, Prudential Norms, Corporate Governance, Miscellaneous Instructions, Repeal and Other Provisions.

Specialised NBFCs#32 of 35

Reserve Bank of India (Non-Banking Financial Companies – Peer to Peer Lending Platform) Directions, 2025

RBI Reference

RBI/DOR/2025-26/370

Date of Issue

November 28, 2025

Chapters

Download PDF View in Browser

Overview

About This Direction

Regulates NBFC-P2P (Peer to Peer Lending Platforms). Covers registration, permissible activities (acting as intermediary between lenders and borrowers), aggregate exposure limits (Rs 50 lakh per lender), fund transfer mechanism (escrow accounts), prudential norms, corporate governance, and disclosure obligations.

Table of Contents

Chapter-wise Structure

01Preliminary

02Role of Board, Registration and Permissible Activities

03Prudential Norms

04Corporate Governance

05Miscellaneous Instructions

06Repeal and Other Provisions

Source & Attribution: This document is issued by the Reserve Bank of India under reference RBI/DOR/2025-26/370 dated November 28, 2025. It is a public regulatory document reproduced here for informational and compliance purposes. For the authoritative version, please refer to rbi.org.in.

Related Directions

More on Specialised NBFCs

27Housing Finance CompaniesRBI/DoR/2025-26/365 28Standalone Primary DealersRBI/DOR/2025-26/366 29Core Investment CompaniesRBI/DOR/2025-26/367 30Account AggregatorRBI/DoR/2025-26/368

Previous Direction

31. Mortgage Guarantee Companies

Next Direction

33. Microfinance Institution

Need Legal Advice on NBFC Matters?

Unified Chambers handles debt recovery from NBFCs, SARFAESI proceedings, DRT matters, and regulatory compliance advisory. Senior-led. 25+ years experience.

Consult on WhatsApp