Credit card interest slashed to 20pc: BB

Christel Deskins

Bangladesh, Sept. 24 — The central bank says banks will not be allowed to charge more than 20 percent in interest on credit cards. “Such decision was taken in order to make adjustment in interest and profit rates and also to protect the interest of bank clients,” a Bangladesh Bank […]

Credit card interest capped at 20pc

Christel Deskins

Bangladesh, Sept. 24 — The central bank says banks will not be allowed to charge more than 20 percent in interest on credit cards. “Such decision was taken in order to make adjustment in interest and profit rates and also to protect the interest of bank clients,” a Bangladesh Bank […]