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Investment in Credit Information Companies

RBI - DBR.CID.BC.No.98/20.16.042/2015-16 - Dated:- 19-5-2016 - RBI/2015-16/400 DBR.CID.BC.No.98/20.16.042/2015-16 May 19, 2016 All Credit Information Companies In exercise of the powers conferred by sub-section (1) of Section 11 of Credit Information .....

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ctly or indirectly by any person, whether resident or otherwise, in a CIC, shall not exceed ten percent of the equity capital of the investee company. 2. Notwithstanding the above, the Reserve Bank may consider allowing higher FDI limits as under to .....

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in the company) (b) up to 100% if their ownership is well diversified or If their ownership is not well diversified, at least 50% of the directors of the investee CIC in India are Indian nationals/ Non-Resident Indians/ Persons of Indian Origin subje .....

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