Mergers and Acquisitions in Banking Sector in India

17169 Words Jun 30th, 2011 69 Pages
MERGERS AND ACQUISITIONS IN BANKING SECTOR IN INDIA- A LEGAL PERSPECTIVE

ROLES A D RESPO SIBILITIES OF CCI I BA K MERGERS -A LEGAL PERSPECTIVE

A Research Paper submitted in partial fulfilment for the requirement of the Internship, May, 2010

Submitted toMr. R.N.Sahay Competition Commission of India

Submitted byRuchi Sahay IVth Year, B.A.LL.B Chanakya National Law University

1 By Ruchi Sahay, Internee

MERGERS AND ACQUISITIONS IN BANKING SECTOR IN INDIA- A LEGAL PERSPECTIVE

ACK OWLEDGEME T This paper would not have been possible without the support of my guide Mr. R.N. Sahay who has given me his precious time, valuable experience and patience, guiding me throughout my research. It has been a wonderful opportunity to work under his
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48 CHAPTER 9- CONCLUSION..................................................................................................................... 50 CHAPTER 10 -ANALYSIS ......................................................................................................................... 51 CHAPTER 10 –RECOMMENDATIONS..................................................................................................... 52

4 By Ruchi Sahay, Internee

MERGERS AND ACQUISITIONS IN BANKING SECTOR IN INDIA- A LEGAL PERSPECTIVE

CHAPTER 1 – ABSTRACT

The purpose of this report is to provide an insight into the banking sector, and the impact of mergers and acquisitions in the banking sector on the consumer and the competition of such entities in the market as defined in the competition act, 2002. Through the report, we approach the problem of exclusion of CCI from investigating any merger, acquisition, reconstruction, transfer or restitution of any banking entity(s). Such exclusion, as proposed in the new amendment of the banking regulations act, 1949, would prove to be detrimental to a healthy economy and a healthy market. To arrive at a more focussed solution to the problem, we discuss various banking entities, M&A in the banking sector, competition issues involved in banking sector, banking regulations pertaining to M&A in the same, CCI’s role in bank mergers, the
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