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rbi: RBI mute spectator , allowing banks to charge high interest rates: Allahabad HC

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.

Uttar pradeshPrashant kumarSumit kakkarManmeet singhMahesh chandra tripathiAllahabad high courtStandard chartered bankReserve bankJustices mahesh chandra tripathiAllahabad hcInterest ratesBanking regulator

RBI mute spectator , allowing banks to charge high interest rates: Allahabad HC

Allahabad HC has observed that RBI has been mute spectator while banks are imposing arbitrarily high interest rates on customers

Uttar pradeshMahesh chandra tripathiSumit kakkarManmeet singhPrashant kumarAllahabad high courtStandard chartered bankReserve bankJustices mahesh chandra tripathiReserve bank of india

RBI mute spectator , allowing banks to charge high interest rates: HC

RBI mute spectator , allowing banks to charge high interest rates: HC
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Prashant kumarManmeet singhMahesh chandra tripathiIndia prayagrajJustices mahesh chandra tripathiLast updated

For The vs State Of Bihar on 3 January, 2024

For The vs State Of Bihar on 3 January, 2024
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Indian courts can restrain YouTube from taking down a channel for copyright strike: Experts

To grant an injunction against a channel being taken down, the court must be convinced that the YouTube channel s owner has no other option; the channel has a strong case in its favour; and that not granting an injunction will cause irreparable damage.

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