Foreign credit info cos may look at India entry after FDI nod

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

Forex Reserves to touch $300 bn

On the back of robust foreign inflow due to sub-prime and other crises in the West, India's foreign exchange reserves are expected to rise by USD 100 billion to touch USD 300 billion mark by the end of current fiscal, the Institute of Economic Growth (IEG) has said.

The Financial Express
http://www.financialexpress.com/news/
Forex-Reserves-to-touch-300-bn-IEG/255800/