The decision to allow foreign investment in credit information companies could not have come at a better time. The ongoing credit crunch in mature markets due to the unfolding subprime crisis has made it more attractive for credit information companies to enter emerging markets such as India. Banks can have greater information on all categories of borrowers. With banks tightening lending standards globally, credit-stressed borrowers will see an impact on their credit scores.
The Economic Times
http://economictimes.indiatimes.com/Economy/
Foreign_credit_info_cos_eye_India_entry/
articleshow/2750130.cms
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