The Venture Intelligence Blog

Venture Intelligence spoke to Mukesh Bubna , Founder & CEO of Peer to Peer (P2P) lending firm Monexo's on his take on the impact of the new RBI regulations on the sector and the expectations going forward. Venture Intelligence: What was your initial reaction to the recently introduced RBI regulations on P2P? Mukesh Bubna : RBI ushering P2P platforms as a new class of NBFCs is a welcome move that provides the entire sector increased credibility and reinforces the potential of a marketplace approach to credit delivery. RBI’s insistence on a business continuity plan in case of platform shut down, ‘Fit and proper criteria’ for promoter team are all steps that will boost confidence of platform lenders. Despite the existence of a few grey areas around definitional constructs and prudential caps on participants’ exposure, the framework does enough to lend clarity on key issues surrounding operational requirements, role of the P2P platform as an intermediary and man...

  Special Guest at the APEX'13 Awards, Dr.Subir Gokarn, Noted Economist & Former Deputy Governor, RBI, pointed out that the surge in productivity, thanks to dramatic rise in the telecom penetration in the country, has now petered out and that we are awaiting the next "technology shock" (to boost productivity again). Dr.Gokarn highlighted Food as another area where technology advances and entrepreneurial efforts could contribute significantly. "There is a complete stagnation of productivity in proteins and vegetables and the supply response has been negligible. This has been a key hindrance to containing inflation," he said. For the more detailed APEX'13 Awards Highlights, Click Here For the more detailed APEX'13 Summit Highlights, Click Here Venture Intelligence is the leading provider of data and analysis on private equity, venture capital and M&A transactions in India as well as Fina...