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SC allows banks to charge over 30% interest on credit card duesNEW DELHI: Banks can charge over 30 percent on credit ... the credit card holders, which the parties had mutually agreed upon. "We agree with the submissions made by the Reserve Bank of India ...
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SC allows banks to charge 30% interest rates on credit card duesNEW DELHI: The Supreme Court has ruled that banks can charge interest rates exceeding 30 per cent on credit card dues ... interference with the Reserve Bank of India's clearly delegated powers.
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