Mergers and Acquisitions of commercial banks requires approval of which of the following agency ies ...........

Economic Affairs Money Supply and Monetary Policy

Download Solution PDF

Mergers and Acquisitions of commercial banks requires approval of which of the following agency/ies?

1. Reserve Bank of India (RBI)

2. Competition Commission of India (CCI)

Select the correct answer using the code given below:

1 only

2 only

Both 1 and 2

Neither 1 nor 2

छोटे Courses बड़े Results

Master Money Supply and Monetary Policy

Prepare through Micro-courses

Try Now

Explanation:

Mergers and Acquisitions of commercial banks require the approval of Competition Commission of India (CCI) and Reserve Bank of India (RBI) both. CCI is the “Fair Trade Regulator”. CCI looks in to the competition part of such deal and RBI looks in to the prudential aspects. The RBI is the sector regulator, so the health of banks is its concern. The CCI’ s concern is their behaviour in the market and the consumers in the markets”. Kotak Mahindra Bank Limited and ING Vysya Bank Limited merger was approved by both CCI and RBI.