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

RBI MPC
In the second bi-monthly monetary policy for FY21, the RBI Monetary Policy Committee unanimously decided to maintain status quo on policy rates, given the current growth-inflation dynamics. The Repo rate is unchanged at 4%, the reverse repo rate at 3.35%.The bank rate and the Marginal Standing Facility rate remain unchanged at 4.25%.
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CPI
Consumer Price Index (Combined) for August 2020 printed below market expectations at 6.69% on a year on year basis as compared to 6.73% in July 2020.
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Index Of Industrial Production (IIP)
IIP growth for July 2020 printed better at -10.4% as against -15.8% recorded in June 2020, on a year on year basis.
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WPI
Headline WPI inflation for August 2020 printed higher than market expectations at 0.16% as compared to -0.58% in July 2020, on a year on year basis, mainly on the basis of price uptick in primary articles and manufactured products.
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Real gross domestic product for Q1 FY21 contracted sharply by 23.9%. A contraction was expected in light of the effects of the lockdown on economic activity.
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