Friday 12th March
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Foreign banks challenge ruling on interest rates for credit cards
A group of foreign banks have challenged a consumer court ruling on credit card interest rates, claiming that they are now free to decide interest rates for credit card users. Earlier a consumer court had restrained banks from charging interest... (Continue reading)
Indian Credit Card Interest Rates Unfair
Credit Card users in India have something to cheer about; the National Consumer Disputes Redressal Commission has ruled that banks charging interest rates in excess of 30% per annum is an unfair trade practice. Most banks in India charge between 35%-40%... (Continue reading)
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Hot Topics
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