SC sets aside NCDRC order barring banks from levying 30% rate on credit card dues
Financial Express Hyderabad|December 21, 2024
THE SUPREME COURT on Friday set aside an order of the National Consumer Disputes Redressal Commission (NCDRC) which barred banks from charging more than 30% interest on credit card dues.
ANANTHAKRISHNAN G

A bench of Justices Bela M Trivedi and Satish Chandra Sharma reversed a 2008 decision of NCDRC that held that it was an unfair trade practice from the part of banks to charge credit card users more than 30% interest rate during delayed payments.

Denne historien er fra December 21, 2024-utgaven av Financial Express Hyderabad.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra December 21, 2024-utgaven av Financial Express Hyderabad.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA FINANCIAL EXPRESS HYDERABADSe alt
Financial Express Hyderabad

Govt removes ban on exports of broken rice

The government on Friday lifted the ban on broken rice, which was imposed in September 2022.

time-read
1 min  |
March 08, 2025
Financial Express Hyderabad

Unilever CEO sees India sales bounce-back

Growth Seen in 2nd Half

time-read
2 mins  |
March 08, 2025
Financial Express Hyderabad

Financial services see foreign outflow of $3.6 billion YTD

Flight Of Funds

time-read
1 min  |
March 08, 2025
Financial Express Hyderabad

'Passion, creativity, skill make a good designer'

To be a good designer, previously you needed three traits—passion, creativity, and skill.

time-read
1 min  |
March 08, 2025
Financial Express Hyderabad

'No games' with Sunita Williams' hair: Trump

US PRESIDENT DONALD Trump had some words of appreciation for NASA's Indian-origin astronaut Sunita Williams' hair as he told a pair of stranded astronauts aboard the International Space Station that \"we're coming up to get you.\"

time-read
1 min  |
March 08, 2025
Financial Express Hyderabad

Mexico, Canada Tariffs May Go Up Over Time

President Donald Trump said tariffs on Mexico and Canada could go higher than a 25% rate imposed earlier this week, injecting further uncertainty into trade policies that have rattled markets and left businesses on edge.

time-read
1 min  |
March 08, 2025
Financial Express Hyderabad

Share of women in corporates jumps 4-fold

THE SHARE OF women directors on the boards of NSE-listed firms has grown from 5% to over a fifth - over four times- between 2013 and 2025, even as the total number of directors grew 45%, according to a report by primeinfobase.com.

time-read
1 min  |
March 08, 2025
Financial Express Hyderabad

GCCs cut IT service providers

AI, analytics, and product development move in-house

time-read
2 mins  |
March 08, 2025
Financial Express Hyderabad

IndusInd CEO Kathpalia gets 1-yr extension

THE INDIA UNIT of Nippon Life Insurance is considering buying a minority stake in IndusInd Bank, people familiar with the matter said, with the aim of using the lender's network to expand sales of its insurance products.

time-read
1 min  |
March 08, 2025
Financial Express Hyderabad

Electric 2-wheelers: Bajaj Auto regains top position in Feb

RIDING HIGH ON the Chetak scooter, Bajaj Auto has reclaimed the top spot among electric two-wheelers in February.

time-read
1 min  |
March 08, 2025