Financial sector under the eye of CCI for dishonest competitive practices
By Joseph Samson
Sep 30, 2013
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To keep a tab on conceivable unjustifiable practices, the Competition Commission of India (CCI) has started an investigation of functional parts of the nation's developing budgetary part, including insurance and banking sectors Competition Commission of India (CCI) has all the necessary rights to take any action across the different sectors for anti-competitive practices.

The government is heartily seeking after enduring fiscal part changes incorporating further opening up of different sections, for example protection and benefits, to remote players. Liberalizing the budgetary sector might prompt cooperation for additional number of players and thus might bring about expanded rivalry, while it could build more fears in a matter of no time of practices which are not competitive. Asked if the CCI might investigate the just about comparable development in premium rates altered by different banks, Mr. Chawla said there is no concern of against intense practice at this point on the issue.

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