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OverviewAPI
Rajeshwar Rao, Deputy Governor of the Reserve Bank of India, emphasized the need for non-bank lenders to address underwriting standards, risk management, technology-related risks, and regulatory compliance. He also warned about the dangers of businesses concentrated in a single segment and advised caution on practices within peer-to-peer (P2P) lenders. Furthermore, he cautioned micro lenders about responsible practices and potential misuse of the freedom provided to the microfinance sector.

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