NEW DELHI: Faulting the ICICI Bank for denying a credit card to a practising advocate in the Capital on the ground that the profession fell in the 'negative profile' the Delhi State Consumer Disputes Redressal Commission, has slapped a fine of Rs 10 lakh on the bank.
The commission in a recent order slammed, what it termed "cavalier conduct and unpardonable negligence" on behalf of the bank and said this merited a "punitive damage of Rs 10 lakh... for not extending financial facility or even credit card on the premise that 'Designation' of an advocate has a negative profile."