Revision of interest rates is subject to section 44 of the Banking Act: Supreme Court’s final word
On 27th June 2024, the Supreme Court delivered a judgment in Supreme Court Petition No. E005 of 2023, Stanbic Bank Kenya Limited versus Santowels Limited. In the judgment, the Court held that interest rates on loans and banking facilities are subject to regulatory control under section 44 of the Banking Act Cap 488 Laws of […]








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