IndusInd Bank has received Competition Commission’s approval for the acquisition of Royal Bank of Scotland’s gems and jewellery financing business in the country.
Giving its clearance, the fair trade regulator said the proposed deal is “not likely to have an appreciable adverse effect on competition in India”.
In the present case, Competition Commission of India (CCI) considered bouquet of banking services to the customers engaged in gem and jewellery business as a relevant product market.
IndusInd Bank has 801 branches in India while RBS has 10 branches, according to the CCI order.
“Post combination, the market share of the acquirer would not be significant so as to cause an appreciable adverse effect on competition in the relevant market.
Full content: The Economic Times
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI