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CONTRARY POLICY: Foreign lenders say capping interest rates on credit payment was against RBI policy.

CONTRARY POLICY: Foreign lenders say capping interest rates on credit payment was against RBI policy.

Foreign banks move SC on interest rates on credit cards

A group of foreign banks, which have been restrained by a consumer court from charging an interest of over 30 per cent a year from credit card holders, on Monday said they are free to decide interest rate on credit card dues.

PRICE WOES: A 50 basis point hike in CRR means banks will have to keep more idle money.

CRR hike: No impact on customers

A 50 basis point hike in CRR means banks will have to keep more idle money.

http://www.ibnlive.com/news/crr-hike-no-impact-on-customers/63553-7.html

STRONG MOVE: RBI hiked the ratio of mandatory deposits that banks need to maintain.

RBI hikes CRR by 0.5 pc to control inflation

RBI has tinkered with the monetary policy even ahead of the announcement of its credit policy.

http://www.ibnlive.com/news/rbi-hikes-crr-by-05-pc-to-control-inflation/63499-7.html

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