Citizens' Issues
Rule to get encrypted data

Even as the government’s move to get data access of the corporate users of BlackBerry has taken...

Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital+Print Access

Subscribe

Moneylife Magazine Subscriber or MSSN member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation
Standard Chartered fined by Consumer Forum

The New Delhi District Consumer Forum has directed Standard Chartered Bank to pay Rs30,000 as damages to a credit card-holder for harassment caused to him due to an ‘illegal’ demand of over Rs1 lakh. The Forum held that the Bank’s demand of money to remove his name from the defaulter’s list with the Credit Information Bureau (India) Ltd, despite settling the previous amount, is illegal. The complainant was wrongly debited for Rs1.08 lakh. In January 2009, the matter was settled with the Bank against payment of Rs30,000 by him. However, when he found that his name continued to be in the CIBIL’s defaulters’ list, he complained to the redressal forum.

User

COMMENTS

Aparna Ramachandra

5 years ago

This is a positive move towards consumer empowerment. But I fail to understand, if it was a wrong debit from his account, why did the customer "SETTLE" for Rs 30,000. At times consumers take wrong decisions like this in haste/out of fear. This needs to change.

More power for consumer courts

The government has proposed amendments to the Consumer Protection Act, 1986. Non-compliance...

Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital+Print Access

Subscribe

Moneylife Magazine Subscriber or MSSN member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)