Yes, **[P2P lending platforms][1]** or NBFs are regulated by RBI in India. According to the Business Standard, in 2017 a consultation paper was released by the RBI on regulating **P2P lending**, and the final guidelines were released. There were 19 licensed companies in India in 2019.
For More Information :- **[https://www.swarajfinpro.com/P2P][2]**