The Reserve Bank of India (RBI) on Monday released the June 2018 issue of its monthly bulletin.
The latest bulletin includes the key highlights of recently– released second bi-monthly Monetary Policy Statement for the Year 2018-19, speeches by top officials, an article on ‘Performance of Private Corporate Business Sector: 2016-17 to Q3:2017-18’ and other relevant industry statistics.
As per the official communiqué released by the Central Bank, this article reviews the performance of the private (non-financial) business sector on the basis of financial statements furnished by the listed non-government non-financial companies.
The other industry-related developments as noted in the latest RBI bulletin include:
– A turnaround in sales growth of the corporate sector took hold in 2016-17 and has extended into the current year so far.
– The cost of raw materials of the manufacturing sector continued to rise at a fast pace and showed no sign of easing till Q3:2017-18.
– Low capacity utilisation in the manufacturing sector led to significant deleveraging as well as lower investments in fixed assets, with companies preferring investments in financial and liquid assets during 2016-17.
– A stark contrast was observed in the performance of heavily indebted companies in the manufacturing vis-a-vis the rest of the sample.
Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/
