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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

In its Second
In its Second Bi-monthly Monetary Policy, RBI raised the Repo rate by 25 basis points to 6.25%. Consequently, reserve repo rate stands at 6.00% while marginal standing facility (MSF) rate stands at 6.50%.
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Inflation projections
Inflation projections for 2018-19 were revised to 4.8-4.9% in H1 FY19 (4.7-5.1% previously) and 4.7% in H2 FY19 (4.4% previous). Growth projection for FY19 was maintained at 7.4%.
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India Index
India’s Index of Industrial Production (IIP) expanded to 4.9% in April as against growth of 4.4% in the previous month. Nonetheless, broad based sequential downtrend was witnessed in Mining at -21.1%, Manufacturing at -11.2% and Electricity at -1.9%
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India Consumer
India’s Consumer Price-based inflation rose to 4-month high of 4.87% in May compared to 4.58% a month prior. Core CPI accelerated to 6.18% in May from 5.92% a month ago.
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Wholesale inflation
Wholesale inflation accelerated to a 14-month high of 4.43% in May compared to 3.18% in the previous month. While the May print was partly affected by unfavorable base effect, inflationary pressures from fuel and manufactured products also gained pace.
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