Experian Plc (EXPN.L) said it has created a joint venture with seven of India's leading financial services institutions, namely Axis Bank, Federal Bank, Indian Bank, Magma Fincorp, Punjab National Bank, Sundaram Finance and Union Bank of India. Experian will own 49% of the joint venture.
This follows the decision by the Reserve Bank of India on 17 April 2009 to grant Experian a provisional licence to operate a Credit Information Company in India. The joint venture company will now apply to the RBI to secure a final licence.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.