INTEREST of 30% or MORE on CREDIT Cards is FAIR ; SUPREME COURT
Banks under Guidelines & Financial based decision of Charging of more than 30% OF INTEREST ON CREDIT CARD well within FAIR business practice given the Customers are duly informed about such a eventual cost :Supreme court of India
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https://www.desidime.com/discussions/interest-of-30-or-more-on-credit-cards-is-fair-supreme-court?post_id=10586100#post_10586100
well always cc institutions were charging more than 30% till date:) eg: 45% to 55% ,this case was put it pause kinda thing, now it become official for banks and financial institutions to charge more than 30%, but nothing stopped them before as well as this case was ongoing so nothing changed
so nothing changed in reality before this result and after this result from SC case
https://www.desidime.com/discussions/interest-of-30-or-more-on-credit-cards-is-fair-supreme-court?post_id=10585058#post_10585058
https://www.desidime.com/discussions/interest-of-30-or-more-on-credit-cards-is-fair-supreme-court?post_id=10585711#post_10585711
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