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Standard Chartered Bank, Shaha Finlease Asked To Pay Rs1 Lakh Compensation for Failing To Update CIBIL Record

In a significant order for credit card users, the Bangalore district consumer disputes redressal commission directed Standard Chartered Bank and Shaha Finlease Pvt Ltd to pay Rs1 lakh compensation with 10% interest and Rs3,000 as litigation cost for failing to update the Credit Information Bureau (India) Ltd (CIBIL) record of its customer. ....

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