Competition law exemption for government notified banking companies allows temporary relief from cartel and abuse prohibitions. A statutory notification under section 54(a) of the Competition Act, 2002 exempts banking companies notified under section 45 of the Banking Regulation Act, 1949 from the application of sections 5 and 6 of the Competition Act in the public interest for a limited period from the date of publication, removing those banks from scrutiny under the prohibitions on anti competitive agreements and abuse of dominant position during that period.