The national consumer court has ruled that banks are not required to inform each borrower individually about any automatic change in interest rates under the floating rate plan, as borrowers have already agreed to any such increase or decrease while executing loan agreements with lenders.source https://economictimes.indiatimes.com/industry/banking/finance/banking/borrowers-dont-have-to-be-told-individually-about-change-in-rates-consumer-court/articleshow/96155655.cms
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