:::::SRI S.B. RODE, OUR BELOVED PRESIDENT, AICBOF AND OFFICER DIRECTOR ON THE BOARD OF CENTRAL BANK OF INDIA HAS BEEN COOPTED AS GENERAL SECRETARY, AICBOF IN E.C. MTG. HELD AT MUMBAI ON 24.02.2014:::::MR. S.C. GUPTA, GEN. SECRETARY OF OUR AHMEDABAD UNIT HAS BEEN COOPTED AS PRESIDENT, AICBOF::::::WE CONGRATULATE THEM AND WISH THAT THE OFFICERS' MOVEMENT IN CENTRAL BANK OF INDIA WILL BE TAKEN TO NEW HEIGHTS:::::LONG LIVE CBOA:::::LONG LIVE AICBOF::::::LONG LIVE AIBOC:::::

BANKING SECTOR TO BE OUT OF CCI REACH: GOVERNMENT


The government has said that the banking sector will be out of the purview of competition watchdog once the amendments to the banking law are passed.

"If the Banking (Laws) Amendment Bill, 2011 is passed, then mergers and acquisitions in the banking sector will be taken out of the purview of Competition Commission of India," corporate affairs secretary Naved Masood told reporters at the sidelines of a function.

However, if any bank was guilty of abuse of its dominant position or anti-competition practices then the CCI had the power to take action under Sections (3) and (4) of the Competition Act.

Corporate affairs minister Veerappa Moily said there's no conflict between CCI and regulators.

SOURCE: http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/banking/banking-sector-to-be-out-of-cci-reach-government/articleshow/14039854.cms

Posted by C.B.O.A., A.P.

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