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P2P Lending regulated by PTI
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Problem: Unrecognised, acknowledged P2P industry lacks trust from masses to the large extent - Dent to brand reputation, stakeholders trust, business Design: Multi-pronged advocacy using innovative tools; Creating voices - media; prospective lenders, borrowers, government negotiations - awareness Execution: Campaign across 13 states, 8 languages, 20 cities, 4 events, outreach to over 237 journalists; Petitions to the government; Research/ Discussion papers 869 news clips across regions, multiple languages; All top national and vernacular newspapers Estimated readership of 10 cr Impact: On 24th August, 2017, The Reserve bank of India (RBI) on being satisfied that it is necessary to do so, notified that a non-banking institution that carries on ‘the business of a peer to peer lending platform’ to be a Non-Banking Financial Company. And also announced that the regulations will be announced soon. On 4th October, 2017, The RBI released the regulations: From 8,000 users in May 2017 to 18,000 Lender in September 2017 70,000 Borrowers to 1,80,000 Borrowers 600% Growth within a span if 1 year 2 Only Negative Coverage on P2P Lending Page views in 6 months 364088 Users during 6 month
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Built relationship with more than 79 senior journalist
Media Outreach Maximized Reach of Faircent Across Cities Built relationship with more than 79 senior journalist Delhi Mumbai Bangalore Chennai Pune Hyderabad 237 Journalist Around 93 Publications Rajasthan Gujarat
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Key Media Coverage
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Key Media Coverage
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Thank You
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