Consumer forum orders ICICI Bank to pay a penalty of Rs 1 lakh to the borrower and charge the same rate of interest to old and new home loans

[Ravi Karandeekar]

After hearing the pleas, the forum held that the interest rate of any
old loanee would be lowered to bring it at par with the interest rate
at which the loan is advanced by the bank to its new customers

Deciding a complaint filed by Panchkula resident Birbhan Goyal, the
consumer forum held on Tuesday that enhancement in the rate of
interest in case of home loan is illegal and unwarranted. To read
more, please, visit:
http://ravikarandeekarsblog.blogspot.com/2009/07/consumer-forum-orders-icici-bank-to-pay.html