CCI probes debt trustee units of SBI, Axis, IDBI on suspected fee cartel: Report - Moneycontrol

4/6/2022 12:00:00 AM3 years 1 month ago
The three under investigation - SBICAP Trustee Company, Axis Trustee and IDBI Trusteeship - are among the leaders in the business in India overseeing hundreds of billions of dollars by rendering trustee services for not just debt securities, but also real est…
India's antitrust body is investigating the trustee units of State Bank of India, Axis Bank and IDBI Bank for suspected collusion on fees, triggering a lawsuit by a group representing them, documents… [+3604 chars]
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