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CREDIT CARD HARASSMENT
Man cleared Rs 45,000 credit card due in 12 EMIs, yet Kotak Mahindra Bank showed Rs 19,000 unpaid and threatened him; bank ordered to withdraw dues and pay Rs 1.5 lakhKotak Mahindra Bank has been ordered to pay Rs 1.5 lakh in compensation after the Delhi State Consumer Disputes Redressal Commission found ...- Defaulted on your loan? Here's what banks can legally do and what they can'tMissing a single loan EMI doesn't lead to immediate bank intervention; instead, lenders often issue reminder calls and formal notices first...
- Can a bank seize your vehicle after EMI default? What borrowers need to knowFacing vehicle repossession in India? Understand your rights: lenders can't seize your vehicle after just one or two missed EMIs without du...
- RBI Ombudsman scheme 2026: You can get up to Rs 33 lakh compensation for your bank grievances under this schemeThe RBI Ombudsman 2026 scheme offers free grievance redressal for customers. This scheme covers complaints against banks and other regulate...
- Why getting a SWP death claim is not that simple for surviving spouses and why Sebi must ensure strict adherenceIt is often witnessed that the aggression of marketing executives in AMCs to onboard an investor is not reciprocated while settling death c...
- Harassed by loan recovery agents? Know your legal rights and 6 steps to fight backBorrowers struggling with debt often face harassment from recovery agents through abusive calls, threats, public shaming, and unauthorised ...
- 10 years after credit card was closed, bank sent legal notice demanding Rs 33 lakh; cardholder fights back and wins Rs 5 lakh compensationA decade after closing his credit card and receiving confirmation, a customer was shocked to receive a Rs 33 lakh demand notice from his ba...
- Delhi HC flags credit card harassment, directs RBI to strengthen grievance systemThe Delhi High Court has issued new directions to safeguard credit card users after a city lawyer faced harassment over unauthorised transa...
- Bengaluru: Harassing elderly for just 35 paise credit card due costs private bank Rs 5,000Banks typically do not issue statements for dues below Rs 100. Despite that, the unnamed private bank continued to harass the elderly man f...
- Same PAN allotted to two persons, HC asks income tax department to respondJustice Prathiba M Singh issued notices and sought responses of the Department of Income Tax, Directorate of Income Tax (System), National ...
- 3,763 complaints against banks on credit card charges: MinisterIn another separate reply, Meena said PSBs invested Rs 16,118 crore in the mutual funds and stock market as at the end of September 2013.
- RBI received large number of credit card complaints against SBI, ICICI Bank in FY12: GovernmentDuring FY12, RBI received 5,198 complaints against SBI, followed by ICICI Bank (1,211) and HDFC Bank (1,153), FM said.
- RBS to pay Rs 5000 to credit card holder for unjustified billingRBS has been directed by a consumer forum to pay one of its credit card holders Rs 5k as compensation for demanding payment from him even a...
- Standard Chartered Bank to pay Rs 55K to customer as damagesThe District Consumer Forum (Central) gave the order on a complaint of Ajit Kumar that the bank had sent a bill demanding over Rs 90,000 an...
- ET in the classroom: Banking OmbudsmanThe Banking Ombudsman Scheme provides an expeditious and inexpensive forum to bank customers for resolution of complaints relating to certa...
- Par panel for capping of interest rates on credit cardsConcerned over the exploitation of credit card holders, a Parliamentary Committee has suggested that RBI should prescribe maximum interest ...
- If your credit card is blockedQuery corner for banking.
- Banks to pay penalty for misuse of unsolicited credit cardsIn order to prevent misuse of lost and stolen card, RBI has asked banks to issue signature-laminated cards with photograph & pin number. Ti...
- Citibank fined Rs 10k for fake credit card billsA city consumer court has fined Citibank Rs 10,000 for harassing a person by sending him an unsolicited credit card and later sending him f...
- Citi Bank fined for fake credit card billsA city consumer court has fined Citi Bank Rs 10,000 for harassing a person by sending him an unsolicited credit card and later sending him ...
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