Thursday, 19 June 2014

CCI ruled out dominance of SBI as several other banks existed in the relevant market of vehicle loan

Competition Act : With presence of many big players from public sector banks, private sector banks and foreign banks besides, non-banking finance companies and co-operative banks, prima facie, SBI did not appear to be in a dominant position in relevant market of vehicle loan in India and therefore, question of abuse of dominant position by it did not arise


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