Complaint against banks/non-banking financial institutions about interest rates charged beyond 30% from credit card holders constitutes an unfair trade practice: SC does not agree
Complaint against banks/non-banking financial institutions about interest rates charged beyond 30% from credit card holders constitutes an unfair trade practice: SC does not agree. “that determining the reasonability and ‘fixing of the maximum or the minimum rates of interest’, is the exclusive function of the Respondent no.6, the Reserve Bank