Do More With Reuters
Partner Services

RPT-India cbank allows 49 pct FDI in credit info bureaus

Fri Nov 21, 2008 8:06am IST
 
Email | Print | | Single Page
[-] Text [+]

(Repeats story issued on Thursday)

MUMBAI, Nov 20 (Reuters) - India central bank said on Thursday it will now consider allowing foreign direct investment of upto 49 percent in credit information bureaus.

The central bank said the investor should be a company with an established track record and that no shareholder in the company should have voting rights exceeding 10 percent.

Credit information bureaus collect a database of frauds and defaults to help banks analyse the risk profile of individuals applying for loans or credit cards.

For details: Click: here

(Reporting by V. Ramakrishnan; Editing by Sunil Nair)

special coverage

Budget 2009
Budget 2009

The government presents the budget for the full fiscal year 2009/10 on July 6.  Full Coverage 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

SHOWCASE

Photo
Is the budget over-rated for personal finance?

Expectations are high given the outcome in the general elections.  Commentary 

 
Nilekani: Infosys' loss or govt’s gain?
Nilekani: Infosys' loss or govt’s gain?

Nandan Nilekani has resigned from the Infosys board to join the government.  Commentary | Slideshow 

 
Launched

Tata Motors announced the launch of Jaguar and Land Rover vehicles in India.  Slideshow | Video 

 
Satyam
The new Satyam

Stay updated with the developments at Satyam.  Full Coverage 

 
M&A Review
M&A Review

A review of mergers and acquisitions.  Full Coverage 

 
Financial Turmoil Timeline
Financial Turmoil Timeline

A round-up of measures taken by the U.S Federal Reserve since June 2007 to tackle the financial crisis.  Full Coverage