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Securities Trading Corporation of India Limited (STCI) was promoted by Reserve Bank of India (RBI) in 1994 along with Public Sector Banks and All-India Financial Institutions with the objective of developing an active, deep & vibrant secondary debt market. STCI was one of the first accredited Primary Dealers in the Indian government securities market and has contributed immensely to the development of the Indian fixed income market. RBI divested it’s stake in STCI to banks and financial institutions in 1999 and 2002. Having fulfilled its original mandate of developing an active secondary market for fixed income securities, STCI has now diversified into lending activities covering the entire gamut of retail and wholesale credit to HNIs and Corporates.
Our relationships thrive on trust, ethics and transparent business practices.
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This has reference to RBI Circular No. 2006-07/138/DNBS
(PD) CC No.80/03.10.042/2005-06 dated September 28, 2006,
wherein the Reserve Bank of India (RBI) has issued Draft
Guidelines on Fair Practices Code for NBFCs. RBI has asked
NBFC's to implement Fair Practice Code based on these
guidelines.
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