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Supreme Court Strikes Down Consumer Forum’s Cap on Credit Card Interest Rates

Home - Supreme Court Strikes Down Consumer Forum’s Cap on Credit Card Interest Rates

Supreme Court Strikes Down Consumer Forum’s Cap on Credit Card Interest Rates, Emphasizes RBI’s Sole Authority to Regulate Bank Policies and Prevents Overreach in Banking Operations
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Supreme Court Strikes Down Consumer Forum’s Cap on Credit Card Interest Rates, Emphasizes RBI’s Sole Authority to Regulate Bank Policies and Prevents Overreach in Banking Operations

Court’s Decision The Supreme Court reversed the National Consumer Disputes Redressal Commission (NCDRC)’s ruling that declared interest rates above 30% per annum charged by banks on credit card dues as…
Posted by Rawlaw December 30, 2024

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