The Indian Competition Authority dismisses allegations of cartelization and abuse of dominance by a provider of home loan services (ICICI Bank)

KEY POINTS Existence of large number of players in the home loan market shows that ICICI Bank (“ICICI”) cannot operate independently in the market and, hence cannot be considered to be in a position of dominance in the relevant market. In the absence of any evidence indicating an agreement or meeting of minds amongst banks, collusion cannot be established.BRIEF FACTS An information was filed before