Page 32 - Interest Rates

Top headlines: IPO filings dry up, challenges for Maruti Suzuki, and more

From IBM dropping its facial recognition software, Irdai withdrawing its long-term covers on motor to FM telling banks to improve interest rate transmission, here are the top headlines on Wednesday

FM Nirmala Sitharaman tells banks to improve interest rate transmission

The FM told bankers that interest rate transmission is not happening as expected

Planning to take home loan? This is good time to explore fixed-rate option

Interest rates on home loans are at historic lows currently

Economics and welfare

There is merit in RBI's position on loan moratorium

Flexible options to make car loan repayment easy, but interest will be high

The more the borrower defers principal repayment, higher is his interest cost

PNB to lower rates on savings account deposits by 50 bps from July 1

Deposits of Rs 50 lakh and above will earn interest of 3.25 per cent as against 3.75 per cent currently

Moratorium may make your loan expensive but will protect your credit score

Reserve Bank of India has extended the moratorium on equated monthly instalments (EMIs) by another three months - till August 31, 2020

Diversify your investments beyond bank FDs to counter declining rates

Invest in a mix of small savings products, debt funds with quality portfolios to counter declining rates

Looking beyond the rate cut

Credit guarantees from government, deficit financing by the RBI and an HTM hike for banks are the only solutions that can get the wheel of credit and investment rolling

Limited impact

Interest rate reduction may not push credit offtake

Planning to take a gold loan? Here're rates, charges offered by banks

The disbursal is quick and interest rate is reasonable

The case for deeply negative interest rates

Such a policy, backed up by measures to prevent cash hoarding by financial firms, can solve many of today's problems

RBI's measures welcome, but govt has to bail out small companies: India Inc

Economy and industry need a heavy dose of liquidity infusion, say CEO after central bank announces new measures to help economy.

RBI actions will act as lifelines for NBFCs; await steps on bond buying

In his bid to fight the coronavirus (Covid-19) induced slowdown, the governor has made it clear that he doesn't want banks to park money with the RBI.

Fiscal space: Not if but how

In the first part of a series, the authors argue the means must be found to avert potential economic and social collapse post-Covid

For personal or credit card loans, it's time to scout for good rates

You can raise cheaper personal loans online to repay unsecured loans. For home loans, banks are taking documents online, but property verification may take time

Interest rate cut on small savings heartless, must be rolled back: Congress

Congress spokesperson Jaiveer Shergill said the reduction in interest rates on small savings is irrational, illogical and ill-timed

Will the RBI cut rates today? Fiscal boost also needed to battle slowdown

The Reserve Bank of India is expected to hold a media interaction later in the day today. It is widely expected that the central bank will cut rates and announce measures to boost sentiment.

Letter to BS: Be wary of co-op banks even if they pay better interest rates

Customers should not be enticed by higher interests and risk their corpus

RBI Monetary policy: Loans likely to become cheaper by 30 basis points

RBI move to exempt banks from maintaining CRR may free up to Rs 2 trn for lending to retail and MSME segments, says ICRA