core investment companies
Prior approval must for CICs to invest in overseas JVs: RBI
The Reserve Bank of India (RBI) has said core investment
companies (CICs) would require prior approval from the RBI for investing in joint ventures/subsidiaries or
offices overseas in the financial sector.
CICs are those companies that invest primarily in group companies in different sectors of the economy.
CICs are those companies that invest primarily in group companies in different sectors of the economy.
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