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RBI aligns Rules for Investment in Credit Information Companies (CICs)

News and Press Release - Dated:- 19-5-2016 - The Reserve Bank of India has, in supersession of its directive dated November 29, 2013, revised its directions (DBR. CID. BC. No.98/20.16.042/2015-16 dated May 19, 2016), allowing higher Foreign Direct Investment (FDI) limits in Credit Information Companies (CICs) to entities which have an established track record of running a Credit Information Bureau in a well regulated environment, as under: (a) up to 49 per cent if ownership of the investor compa .....

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