GUIDELINES FOR FOREIGN INVESTMENT IN CREDIT INFORMATION COMPANIES

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....has decided to allow foreign investment in Credit Information Companies (CICs) as under. 2. Definitions In terms of the Credit Information Companies (Regulation) Act, 2005- (a) "credit information" means any information relating to— (i) the amounts and the nature of loans or advances, amounts outstanding under credit cards and other credit facilities granted or to be granted, by a credit in....

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....on under sub-section (2) of Section 5. 3. Policy for foreign investment in Credit Information Companies 3.1 Foreign investment in Credit Information Companies is subject to the Credit Information Companies (Regulation) Act, 2005. 3.2 Foreign investment i.e. Foreign Direct Investment (FDI) under the FDI Scheme incorporated as Schedule 1 under regulation 5 (1) of the Foreign Exchange Management....