Sunday, December 1, 2013

RBI TO ALLOW 74 PERCENT FDI IN CREDIT INFORMATION COMPANIES

Reserve Bank may consider allowing higher FDI limits to entities which have an established track record of running a credit information bureau in a well-regulated environment.

The limit can be allowed to be increased up to 49 per cent if their ownership is not well-diversified and up to 74 per cent if the ownership is well-diversified.

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