Saturday, December 8, 2012

Govt working to exempt failing bank M&As from CCI purview

..............Earlier, the Reserve Bank of India had made a case for exempting banking sector mergers from the CCI purview arguing that the CCI may not be well equipped to handle bank M&As. However, a Group of Ministers chaired by finance minister P Chidambaram, ruled out blanket exemptions to any sector. The GoM decided that any sector wanting an exemption should make a case to the CCI under Section 54..............

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