CCI conducting enquiries against some fintech entities: Ravneet Kaur

Fair trade watchdog CCI is conducting enquiries against some fintech entities to check whether their ways of leveraging technologies are impacting competition, its chief Ravneet Kaur said and asserted that the regulator is taking necessary action to ensure a competitive digital market.
With a slew of amended regulations, key rulings against anti-competitive practices in the digital market and advocacy efforts, the CCI is strengthening its efforts to curb unfair business ways.
In an interview to PTI, Competition Commission of India (CCI) Chairperson Ravneet Kaur said there is an increased sensitisation among entities about the competition law and stressed the focus is on “striking the right balance between regulation and freedom”.
According to her, the regulator is focused on big tech companies as well as various other sectors, including fintech and online intermediary service providers.
“The CCI is conducting enquiries into some entities in the fintech sector. We are looking into h