Amid chip shortage, Indian banks reach out to govt, seek CCI intervention

Indian banks have also asked for an investigation by the Competition Commission of India (CCI) into the practices of chip suppliers.

Indian banks have sought the government's intervention to address the issue of semiconductor chips shortage, according to a report by Economic Times.

The chip shortage has impacted the issuance of cards from banks. These banks have also asked for an investigation by the Competition Commission of India (CCI) into the practices of chip suppliers. Banks are struggling to meet the card issuance targets under Pradhan Mantri Jan Dhan Yojana (PMJDY).

Earlier, banks had collectively reached out to the government over the issue through the Indian Banks' Association (IBA). 

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