No investor should hold more than 10 pc equity capital: RBI

Written by:
Subscribe to Oneindia News

Mumbai, July 22 (UNI) The Reserve Bank of India (RBI) today issued a directive that while considering applications for grant of certificate of registration under the Credit Information Companies (Regulation) Act, 2005, it would ensure that no single investor holds more than 10 per cent of the equity capital of any credit information company.

The ceiling of 10 per cent will be equally applicable to investments made under the Foreign Direct Investment Scheme, an RBI release said.

This is in line with its policy of ensuring well diversified ownership of banks and other entities in the financial sector as well as entities in financial sector infrastructure, the release said.


Please Wait while comments are loading...