By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Weekly DailyWeekly Daily
Notification Show More
Latest News
World’s Best Viral Premium Luxury Car Perfume ‘Royal John’ Officially Launched in India
June 14, 2025
Empowering Youth: Lazarus Union CSLI India Leads Students to Vienna for a Transformative Experience in UN SDGs
June 5, 2025
Nikhil Arora: The Indian Visionary Building a New Global Standard for Experiential Living
June 5, 2025
Meet S. Rehemansheriff: Bengaluru’s Martial Arts Champion
June 2, 2025
Dr. Devinder Dhalla: A Miraculous Spiritual Healer Transforming Lives
June 2, 2025
Aa
  • Home
  • Insider
  • Politics
  • Startup
  • Discover
  • Brand Stories
Reading: SBI Cards Held Liable: Delhi Forum Orders Compensation
Share
Aa
Weekly DailyWeekly Daily
  • ES Money
  • U.K News
  • The Escapist
  • Entertainment
  • Politics
  • Technology
  • Insider
Search
  • Home
  • Insider
  • Politics
  • Startup
  • Discover
  • Brand Stories
Follow US
Home » Blog » SBI Cards Held Liable: Delhi Forum Orders Compensation
Financenews

SBI Cards Held Liable: Delhi Forum Orders Compensation

WM Team
WM Team Published May 27, 2023
Last updated: 2023/05/27 at 10:29 AM
Share
SBI logo
SHARE

A consumer forum in Delhi has instructed SBI Cards & Payments Services Pvt. Ltd. to compensate MJ Anthony, a former journalist, with Rs 2 lakh. The forum found the company guilty of repeatedly sending bills to Anthony despite the expiry of his card and subsequently blacklisting him for non-payment. The New Delhi District Consumer Disputes Redressal Forum ruled in Anthony’s favor, directing the company to compensate him for their deficient services.

Anthony had requested the company to cancel his card before it expired in April 2016. Despite receiving a confirmation of cancellation in September, the company continued to send him bills. The accumulated bills, including charges and penalties, amounted to Rs 2,946 by May 18, 2017.

The company’s actions had negative consequences for Anthony. They added his name to the CIBIL system, which tracks wilful defaulters, making it difficult for him to obtain credit from other institutions. This affected his credit history and hindered his ability to secure loans or credit cards.

The consumer forum observed that the company’s placement of Anthony’s name on the wilful defaulters list in the CIBIL system resulted in the denial of his credit card applications at another bank, despite his long-standing accounts there for almost 20 years.

Recognizing the company’s deficient services, the forum ordered SBI Cards & Payments Services Pvt. Ltd. to compensate Anthony with Rs 2 lakh within two months. Failure to comply would result in an increased amount of Rs 3 lakh payable.

This decision highlights the importance of providing quality services to customers and respecting their rights. It serves as a reminder for financial institutions to address customer complaints promptly and responsibly, ensuring that individuals are not unfairly penalized or inconvenienced due to negligence or procedural lapses.

You Might Also Like

Embracing New Beginnings: Welcoming 2024 with Joy and Hope

Rajiv Gandhi Assassination Convict: Controversy

Churachandpur Unrest: Manipur Enforces Prohibitory Orders Amid Ethnic Clashes

McLaren Introduces GTS as Next-Gen GT Supercar: A Power-Packed Upgrade

WHO Designates JN.1 Coronavirus Strain as ‘Variant of Interest’

TAGGED: News, SBI, Weekly Daily, weeklymail, weeklymail.in
WM Team May 27, 2023
Share this Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

You Might Also Like

Fashion

Embracing New Beginnings: Welcoming 2024 with Joy and Hope

December 31, 2023
rajiv gandhi
news

Rajiv Gandhi Assassination Convict: Controversy

December 27, 2023
A child with Flag
Politics

Churachandpur Unrest: Manipur Enforces Prohibitory Orders Amid Ethnic Clashes

December 23, 2023
DiscoverInnovation

McLaren Introduces GTS as Next-Gen GT Supercar: A Power-Packed Upgrade

December 20, 2023

2023 © Weekly Mail Network. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?