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The petitioner was not afforded any chance to respond to the objections raised by the Standard Chartered Bank, it said, and sent the matter back to the banking ombudsman to decide afresh.
The observation was made by a bench comprising Justices Mahesh Chandra Tripathi and Prashant Kumar while disposing of a petition filed by Manmeet Singh who had availed of a loan of Rs 9 lakh from a private bank. "Surprisingly, RBI had been issuing guidelines but has done nothing for the implementation of the same. They have just been a mute spectator allowing the banks to charge arbitrarily a very high rate of interest," the court observed.
Allahabad HC has observed that RBI has been mute spectator while banks are imposing arbitrarily high interest rates on customers
The sixth leg of the IGU Keventer East Zone Feeder Tour was hosted by Tollygunge Club
Excelsior Correspondent JAMMU, Apr 30: The sensational voice of Yasir Hussain enthralled Jammuites at Mirchi Live Concert in JDA Centre Park, Bahu Plaza. Spreading its happy waves, 98.3 Mirchi Jammu also introduced two fresh voices ‘Mirchi Rohit’ & ‘Mirchi Chaitanya’. The event also witnessed mesmerizing performance of son of the soil Shubham Shiva with Akhil on guitar. A handout stated that Jammu Park Smart joined hands with Mirchi to bring the concert to promote folk and artists of Jammu. It […]