HSBC
Credit cards, harassment, overcharge

Dear all,

banks like hsbc, barclays etc seem to truly milking and harassing indian customers. Here is some startling data from Annual Report of 2208-09 of RBI Ombundsman.

Ombundsman handles complaints of consumers against banks in India.

here is dаta:-

26% of all complaints against banks were credit card related.

In case of Public Sector banks 17.8% of all complaints were credit card related.

BUT IN CASE OF FOREIGN BANKS, 49% (YES 49%) OF ALL COMPLAINTS AGAINST THEM WERE DIRECTLY RELATED TO CREDIT CARDS. THIS IS INCREDIBLE NUMBER.

AMONG FOREIGN BANKS, BARCLAYS WAS WORST WITH 55% OF ALL COMPLAINTS BEING CREDIT CARD RELATED.

NEXT CHAMPION WAS HSBC. 50% OF ALL COMPLAINTS AGAINST HSBC WERE DIRECTLY RELATED TO CREDIT CARDS.

THIS IS A MONSTROUS SITUATION. WHAT EXACTLY IS GOING ON?

I WILL BE GRATEFUL TO ANYBODY WHO WILL TELL US THE REAL SITUATION. LET US ALL COLLECT INFORMATTION AND FIGHT TOGETHER.

regards

rambharose

email [email protected]