Question

The Competition Commission of India (CCI) has slapped a fine of Rs 40 lakh on which bank for failing to notify the regulator about its acquisition of a stake in CSC e-Governance? 

A Axis Bank Correct Answer Incorrect Answer
B HDFC Bank Correct Answer Incorrect Answer
C YES Bank Correct Answer Incorrect Answer
D Kotak Mahindra Bank Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

   The Competition Commission of India (CCI) has slapped a fine of Rs 40 lakh on Axis Bank for failing to notify the regulator about its acquisition of a stake in CSC e-Governance.       The transaction under consideration comprised the acquisition of a 9.91 percent stake in CSC e-Governance by Axis Bank and got completed in November 2020.

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