Banks win SC relief on 30% credit interest cap
Mint Bangalore|December 21, 2024
The Supreme Court on Friday overturned the National Consumer Disputes Redressal Commission (NCDRC)'s 2008 decision to cap interest rates on late credit card bill payments at 30% per annum, bringing relief to lenders that had appealed the consumer forum's ruling.
Krishna Yadav

A bench comprising justices Bela Trivedi and Satish Chandra Sharma was hearing the petitions filed by Citibank, Standard Chartered Bank, and the Hong Kong and Shanghai Banking Corp., (HSBC).

هذه القصة مأخوذة من طبعة December 21, 2024 من Mint Bangalore.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 21, 2024 من Mint Bangalore.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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