Government investigating Indian banks’ unfair practices

Announces a study to facilitate investigation.

India’s Competition Commission of India has begun a study of the functional aspects of the country’s banks and insurance companies as part of larger efforts to bolster the country’s economic growth.

CCI Chairman Ashok Chawla said the study will look at different dimensions of the financial sector, especially at anti-competitive practices. CCI has the mandate to act against anti-competitive practices across all economic sectors.