Supreme Court lifts 30% cap on credit card default charges
The ruling, delivered by a bench consisting of Justice Bela Trivedi and Justice Satish Chandra Sharma, granted more flexibility to banks, allowing them to set their own interest rates for credit card defaults without being bound by the earlier cap.
The ruling, delivered by a bench consisting of Justice Bela Trivedi and Justice Satish Chandra Sharma, granted more flexibility to banks, allowing them to set their own interest rates for credit card defaults without being bound by the earlier cap.
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