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Mumbai, Nov. 21

Foreign companies can invest up to 49 per cent in Credit Information Bureau under the Foreign Direct Investment (FDI) route, provided they fulfil certain conditions, said the Reserve Bank of India.

In a notice, the RBI said the investor company should have an established track record of running a credit bureau in a well-regulated environment, no shareholder in the company should have more than 10 per cent voting rights in that company and it sho uld preferably be a listed company on a recognised stock exchange.

In a notice issued earlier in July, RBI had said that it no single investor, whether Indian or foreign, should hold more than 10 per cent of the equity capital in a credit bureau, even if the investments was under the FDI scheme. –

Our Bureau

More Stories on : Credit Market | Foreign Direct Investment | RBI & Other Central Banks

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