Page 32 - Interest Rates

HSBC says net profit plunged 96% in Q2 amid low interest rates, Covid-19

Europe's biggest bank, HSBC, said that its net profit plummeted 96% in the second quarter of this year as lower interest rates combined with the downturn due to the coronavirus pandemic tool hold

Lower rates an opportunity to re-negotiate your home loan interest

Start by shifting to repo-linked rates, then seek the lowest rate being offered by lender

Have home loan rates reached rock bottom?

At sub-7 per cent, the rates are at their historic low. In 2003 and 2004, it was 7.25 per cent; and in 2011, as high as 11.75 per cent

Down they go: 37 emerging markets cut rates for 17th month in a row

June marked the 17th straight month of net cuts - the longest easing cycle for emerging market central banks since 2013

SAT asks Sebi to repay an appellant, or pay an interest of 12% per annum

The appellant again filed an urgency application before SAT seeking direction to be issued to Sebi to refund the order as he as in dire need of money to undergo a spinal surgery

Slow rate cut transmission hurting returns on HAM projects: India Ratings

The RBI has slashed repo rates by almost 200 basis points since June 2019 from 6.25 per cent to 4.25 per cent to ensure availability of cheaper credit

Moratorium could be a costly affair, use these strategies to reduce burden

By how much your interest cost rises depends on a few factors, the first being loan tenure

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.