Competition Commission has slapped penalties on seven entities and their officials for bid-rigging activities and cartelisation with respect to supply of signage for branches, offices and ATMs of State Bank of India.

Besides imposing fines totalling over Rs 1.29 crore on the 7 entities and 9 officials, they have also been directed to cease and desist from indulging in anti-competitive practices. The nine officials of the firms are facing a total fine of over Rs 54,000.

For more, click here