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Corporate Governance Guidelines

Reserve Bank of India vide their Circular dated May 08, 2007 and July 11, 2007 have issued guidelines on Corporate Governance to non – deposit taking NBFCs with an asset size of Rs. 100 crore or above in order to enable the adoption of best practices and greater transparency in their operations. In view of the above RBI Guidelines, the Company lays down the following set of guidelines / corporate governance practices to create value for the stakeholders viz. the shareholders, employees, customers, society at large etc.

To view the Corporate Governance Guidelines of the Company, click here.

Latest News

Consumer Price Index.
• The Consumer Price Index (Combined) inflation for April 2023 printed at 4.7%, significantly lower than the previous month’s reading of 5.7%.

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Wholesale Price Index
• Headline WPI inflation for April 2023 printed at -0.9%, lower than 1.3% in March 2023

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Index of Industrial Production
• IIP growth for March 2023 printed at 1.1%, significantly lower than the revised reading of 5.8% in February 2023, on a year-on-year basis.

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Gross Domestic Product
Real gross domestic product for Q3FY23 noted a growth of 4.4% on a year-on-year basis. Further, GDP grew by 3.6% on a quarter-on-quarter basis.

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Monetary Policy.
In the First Bi-monthly Monetary Policy for FY24, the MPC unanimously decided to maintain status quo on policy rates. Consequently, key policy rates stand unchanged: Repo rate at 6.50%, Standing Deposit Facility rate at 6.25% and Marginal Standing Facility and Bank rate at 6.75%.

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