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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 In .....

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ny is not well diversified; (b) up to 100 per cent if ownership of investor company is well diversified, or if not well diversified, subject to conditions relating to composition of the Board of Directors of the investee CIC. Investment of Foreign In .....

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