Does absence of Aadhaar details of a borrower affect P2P lending?

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In a recent ruling by the Supreme Court on Aadhaar data usage, private companies have been asked to refrain from seeking the biometric data from its consumers. In such a scenario, some peer-to-peer lending companies think it could affect the time duration required for a borrower to get the loan that they desire since e-KYC would be a time consuming affair henceforth. However, there are companies that do continue with the same efficiency they maintained earlier. Here's why.

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    In a recent ruling by the Supreme Court on Aadhaar data usage, private companies have been asked to refrain from seeking the biometric data from its consumers. In such a scenario, some peer-to-peer lending companies think it could affect the time duration required for a borrower to get the loan that they desire since e-KYC would be a time consuming affair henceforth. However, there are companies that do continue with the same efficiency they maintained earlier. Here's why.

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