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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

Gross Domestic Product
• Real gross domestic product for Q1FY24 noted a growth of 7.8% on a year-on-year basis, as compared to 13.1% in Q1FY23.

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.Monetary Policy
• In the Fourth 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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.Consumer Price Index
• Consumer Price Index (Combined) inflation for October 2023 printed at 4.9%, lower than the previous reading of 5.0%.

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.Wholesale Price Index
• Headline WPI inflation for October 2023 printed at -0.5% as compared to -0.3% in the previous month.

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.Index of Industrial Production
• IIP growth for September 2023 printed at 5.8%, significantly lower than the reading of 10.3% in August 2023, on a year-on-year basis.

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