SC allows banks to charge 30% interest rates on credit card dues
NEW DELHI: The Supreme Court has ruled that banks can charge interest rates exceeding 30 per cent on credit card dues, overturning a sixteen-year-old verdict by the National Consumer Disputes Redressal Commission (NCDRC), which had deemed such charges an unfair trade practice.A bench of Justices Bela M Trivedi and Satish Chandra Sharma stated that the […]