SBI fined for refusing to close customer's credit card

·1 views

The State Bank of India has been ordered to pay Rs 50,000 in compensation to a customer. The payment is a penalty for the bank's refusal to close the customer's credit card account upon request. This directive came from a Consumer Disputes Redressal Commission. The case highlights a financial institution's obligation to comply with customer instructions regarding account closures.

Read the full story at Economic Times

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Trump's Proposed Tariffs Risk Dividing Republican Party Support

Former President Donald Trump's proposal to impose universal tariffs is causing significant concern among Republican lawmakers. Many within his own party argue that such sweeping tariffs could harm the U.S. economy and increase consumer costs. This policy stance is creating a rift, threatening to erode his support ahead of the upcoming election. The debate centers on the economic risks versus the perceived trade benefits of the proposed measures.

0 comments Read more at Economic Times

BusinessEconomic Times ·

IndiGo Flight Makes Emergency Landing Following Engine Fire

An IndiGo aircraft made an emergency landing after a fire was detected in one of its engines. The incident occurred on a flight originating from Chennai. The pilots followed standard safety protocols and landed the plane safely back at its departure airport. All passengers and crew disembarked safely without any reported injuries. The cause of the engine fire is currently under investigation.

0 comments Read more at Economic Times

BusinessEconomic Times ·

Delhi festive shopping disrupted by protest-related transport issues

Ongoing protests in Delhi have disrupted transportation and access for shoppers during the festive season. The disruptions, primarily around key market areas, are impacting foot traffic and sales for retailers. This comes during a crucial sales period for businesses reliant on holiday spending. The situation was reported in the Economic Times, highlighting local economic consequences.

0 comments Read more at Economic Times

BusinessEconomic Times ·

Delhi Police issues notices to CJP leaders over protest

The Delhi Police have sent notices to leaders of the CJP, or Citizens for Justice and Peace, regarding a recent protest. The action follows a demonstration held in Delhi on October 28. Authorities cited alleged violations of legal procedures during the protest organization. The CJP is a civil rights organization, and the notices demand an explanation.

0 comments Read more at Economic Times