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Fair Practice Code

 

Reserve Bank of India (RBI) has prescribed guidelines on Fair Practices for all Non Banking Financial Companies (NBFC) on the basis of which Fair Practices Code (FPC) shall be put in place by NBFC’s with approval of the Board.

To view the Fair Practice Code of the Company, click here.

Latest News

Reserve Bank of India
Reserve Bank of India kept policy rates unchanged while changing the stance to calibrated tightening from neutral in its Fourth Bi-monthly Monetary Policy. Consequently, key policy rates remained unchanged – Repo rate at 6.50%, Reverse Repo at 6.25% and Marginal Standing Facility (MSF) at 6.75%
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Inflation projections for 2018-19
Inflation projections for 2018-19 were revised downside as food inflation has remained benign. Including the impact of HRA, inflation is projected to be at 4% in Q2 FY19 (4.6% prev), 3.9%-4.5% in H2 FY19 (4.8% prev) and 4.8% in Q1 FY20 (5% prev). The GDP projection for FY19 has been maintained at 7.4% –with 7.5% in Q2 FY19 and 7.3-7.4% for H2 FY19. GDP growth for Q1 FY20 is projected at 7.4% (7.5% prev).
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Belying market expectations
Belying market expectations, headline consumer price inflation for Sep-18 stood at 3.77% compared to Aug-18 reading of 3.69%, remaining below the RBI’s medium term inflation target of 4% for second consecutive month. Core inflation also moderated to 5.81% vs. revised estimate of 5.92% last month (5.87% previously).
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September Wholesale
September Wholesale Price Index came in at 5.13% as against 4.53% in the August mainly due to rise in prices of Fuel and power as well as Manufactured Products. At the same time, July WPI print was revised upwards to 5.27% from 5.09% previously.
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Indias September manufacturing
India's September manufacturing PMI came in at 52.2, rising from 51.7 in August due to gains in new orders, output and employment.
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