HSBC to pay ₹34 cr to clients for charging unreasonable fees
Financial services major HSBC has agreed to pay around $5 million (₹34 crore) in compensation to customers who were charged "unreasonable" fees for debt collection after falling behind on repayments. The money will be shared between 6,700 people who held credit cards with HSBC. The announcement marks the victory of a whistleblower who has won a 13-year campaign against HSBC.