Is the P2P lending industry dying?

Peer-to-peer lending in India was supposed to be a game-changer—connecting borrowers and lenders directly and bypassing banks. But the business is now facing major turbulence. On August 16th, the RBI issued a new mandate that could reshape the future of P2P lending in India, leaving many to wonder if this is a turning point or the beginning of the end. Join The Morning Brief as host Anirban Chowdhury discusses what lies ahead for this emerging sector with ET’s fintech expert Pratik Bhakta and Mukesh Bubna of P2P lending firm Monexo.  ET Podcasts now has a new show. 7@7 is your quick, sharp sub 5 minute daily roundup of financial news from India and the world. Tune in to Apple Podcasts, Spotify, Amazon Prime Music, Jio Saavn, Youtube or wherever you get your podcasts from! Check out other interesting episodes from the host like: The Telegram Problem, Why The GST Official is India Inc’s New Boogeyman, Bangladesh Battered, Taxing Times for Infosys, Will OLA Electrify the Markets?, and more! You can follow Anirban Chowdhury on his social media: Twitter and LinkedinCatch the latest episode of ‘The Morning Brief’ on ET Play, The Economic Times Online, Spotify, Apple Podcasts, JioSaavn,  Amazon Music and Youtube.See omnystudio.com/listener for privacy information.