'Malicious' HSBC fined Rs 5.5 lakh for charging interest on settled loan
A consumer forum here has imposed a fine of Rs 5.5 lakh on banking major Hongkong and Shanghai Banking Corporation (HSBC) Ltd for unfair trade practice of keeping its customer's already settled loan account outstanding and charging interest from him.The New Delhi District Consumer Disputes Redressal Forum pulled up the bank saying that HSBC's act was not only "motivated by commercial ...
