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Paying Maximum Interest Charges on Credit Cards? What will RBI decide

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Governor Shaktikanta Das has said a few things about the increasing cases of buy now,

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Buy Now Pay Later', cases of default are increasing. In such cases, the concerned companies are charging up to 36 per cent interest.

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RBI thinking of regulating to put a limit on the interest rates or to increase or decrease them.

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Reserve Bank of India (RBI) Governor Shaktikanta Das has said that keeping interest rates out of the ambit of regulation.

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Reserve Bank of India (RBI) Governor Shaktikanta Das also said that this leads to competitive determination of the interest rate.

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RBI said that due to competition among banks in the event of changing inflation, interest rate.

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RBL Lazypay Credit Card: Know its Best Benefits