STCI Primary Dealer Ltd.

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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

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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