RPT-India cbank allows 49 pct FDI in credit info bureaus
(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.
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(Reporting by V. Ramakrishnan; Editing by Sunil Nair)
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