Foreign investment limits in Credit Information Companies revised- (Reserve Bank of India) (19 May 2016)
Foreign Direct Investment caps in Credit Information Companies have been raised significantly, including up to 100 per cent foreign ownership.
The revised limits are set at 49 per cent, if the foreign investing company is not well diversified, and up to 100 per cent if the foreign company is diversely owned.
Foreign investments in CICs have so far been limited to its 10 per cent of the equity capital or up to 74 per cent subject to certain RBI conditions.
Relevant : Investment in Credit Information Companies MANU/RMIC/0082/2016
Previous limits to foreign investment in CIC MANU/RPRL/0288/2013
Tags : CREDIT INFORMATION COMPANY FOREIGN INVESTMENT