TABLE OF CONTENTS • Statement of Problem; • Research Question; • Hypothesis; • Research Methodology; • Mode of Citation; CHAPTER I INTRODUCTION ; (i) Present Global Scenario of Banking Sector; (ii) Need Of Competition In The Banking Sector; CHAPTER II CHANGING ROLE OF RESERVE BANK OF INDIA ; (i) History Of Present Banking System; (ii) Function And Role Of RBI; (iii) Major Reform since /99/-92; (iv) Legal Reforms; (v) Present Problem Faced By The Banking Sector; CHAPTER III EXPANDING THE WINGS OF COMPETITION LAW OF INDIA ; (i) Object of Competition Law; (ii) Definitions And Criteria Under The Competition Act, 2002; (iii) Criteria For Evaluation Of Competition; (a) Anti- Competitive Agreement; (b) Abuse Of Dominant Position; (c) relevant geographic market; (d) relevant product market; (iv) Anti-Competitive Amalgamations; (v) Combination And Its Regulation; CHAPTER IV RBI UNDER THE LENS OF COMPETITION COMMISSION ; (i) Banking Sector From The Eye Of Competition Commission; (ii) Competition And RBI Overlaps: (iii) Regulated Activities For Banks Which Overlap With Competition; (iv) Will RBI Be A Better Judge For Banking Mergers?; (v) The Guidelines Of International Competition Network; CHAPTER VI CONCLUSION AND SUGGESTION ; BIBLIOGRAPHY.