In this insightful discussion, fintech expert Pratik Bhakta from Economic Times explores the rocky terrain of India's P2P lending industry. He outlines the recent RBI mandate and its potential to reshape the landscape, discussing the operational challenges and risks like liquidity and defaults. Pratik emphasizes the need for startups to adapt to the new regulatory environment while retaining consumer trust. The conversation uncovers critical hurdles that lenders face and the industry’s future amidst growing costs and compliance issues.