FIXED INCOME


Moneylife Digital Team 15 May 2013
The first tranche of the IIBs-2013-14 for Rs1,000-Rs2,000 crore will be issued on 4th June, and the maturity period of these bonds will be 10 years The Reserve Bank of India (RBI) today announced it will launch inflation-linked bonds every month, starting 4th June, to attract household...

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Moneylife Digital Team 15 May 2013
The Central Board of Trustee of the EPFO, on 25th February had decided to pay interest at 8.5% to subscribers for 2012-13. The CBT’s decision is required to be notified by the finance ministry, only then the interest is credited into the accounts of the subscribers The finance ministry...

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Moneylife Digital Team 14 May 2013
Nomura expects underperformance of the 9 year-15 year zone of the bond curve to reverse and swap curve flattening to persist   Interest rates continue to move lower across the yield curve of various rates products (from bonds to swaps), reinforcing the strategic bullish view on India...

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Confusion between yield and rate of interest reflects financial illiteracy among business journalists   There is an article in The Economic Times, Mumbai edition on corporate FDs titled, “Interest in Corporate FDs on the Rise Again” (ET, 10 May 2013). The article talks about growing...

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Moneylife Digital Team 09 May 2013
No, we are not talking about an offer from the German Bank. This is a new corporate bond scheme from Deutche Group, whose name resembles with Deutsche Bank AG, which promises lavish returns on its Facebook page. Savers are advised to ignore the scheme and stay away from the namesake

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Vinod Kothari Vinod Kothari 25 October 2012
The NBH group report has suggested a unique structure for introduction of covered bonds in India and these may be a reality very soon   A Group appointed by the National Housing Bank (NHB) to suggest capital market measures for residential mortgage lending submitted its report...

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Moneylife Digital Team 27 September 2012
If you are an HDFC Bank customer, you may have been approached to buy equity-linked debenture of Reliance Capital. Should you?   Reliance Capital, which has investments in broking, insurance and asset management and investments through private equity and investment banking, has...

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Harjot Kaur 27 September 2012
The risky business environment does not make it good enough Muthoot Finance, a non-banking finance company (NBFC) primarily providing gold loans to individuals is looking at raising a corpus of Rs2,500 million through an issue of non-convertible debentures (NCDs). The NCD issue offers...

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Vivek Sharma Vivek Sharma 20 September 2012
As trading in bonds catches up in India, you should gear up for gaining by focusing on the following important elements of the game   Bond markets have always been shallow for retail investors in India. In spite of the fact that bond (debt) markets globally are two-thirds of total...

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Moneylife Digital Team 13 September 2012
Rising bad loans and negative cash flows of the past three years do not inspire confidence   Religare Finvest, a subsidiary of Religare Enterprises with its focus on SME financing and retail capital market financing, is looking at raising a corpus of Rs500 crore through an issue of...

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R Balakrishnan R Balakrishnan 04 September 2012
With debt issues becoming more opaque with each passing day, is it wise enough to invest? The answer lies in the fact that it is good to do some ground work before deciding whether or not to invest   A few days ago, my banker sent me a flyer about a non convertible debenture (NCD)...

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Moneylife Digital Team 30 August 2012
Premature withdrawal by the survivor from joint fixed deposits is now possible, in case of death of the primary holder, although subject to conditions. Investors need to be aware of the facility and take charge.   RBI issued a much-needed clarification with regard to premature...

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SBI revised its interest rates on NRE/NRO deposits for tenors of 5 years and above to 8.50% per annum from 7th August    Mumbai: State Bank of India said it has reduced interest rates in non-resident-external (NRE) and non-resident ordinary (NRO) deposits of five years and more...

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Moneylife Digital Team 06 August 2012
IDBI Samriddhi CD portal offers investors an facility to easily purchase certificate of deposits issued by the Bank    Mumbai: State-run IDBI Bank said it launched a new portal, a kind of first in India for certificate of deposit (CD). The portal IDBI Samriddhi CD was launched by...

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While SBI cut interest rate on deposits by 0.25% to 8.5%, other state-run lender PNB has increased its deposit rates to 9% from 8.75% Mumbai: State Bank of India (SBI) on Thursday lowered interest rates on domestic term deposits of maturity of five years and more by 0.25% to 8.5%,...

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The bank is opening its 1000th branch on 17th August and to celebrate the landmark is offering special interest rate of 10% deposits for 1,000 days   Mumbai: Kerala-based private sector lender Federal Bank is offering an interest rate of 10% for resident and non-resident deposits for...

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Debashis Basu Debashis Basu  and   Aditya Govindaraj Aditya Govindaraj 12 April 2012
Recently both Times of India and Economic Times had claimed that fixed deposits trumped Sensex returns over the last 20 years. There are at least five flaws in the argument making the data, while correct, completely irrelevant in practical terms On 9 April 2012 Times of India (TOI) and...

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R Balakrishnan R Balakrishnan 31 January 2012
Fortunately, there are lots of options available other than the deflated equity market The ideal situation for investors would be one in which their savings ‘grow’ in real terms. If we can invest our money without too much risk and, simultaneously, protect its purchasing power, it would...

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Raj Pradhan Raj Pradhan 24 January 2012
If you missed the recent NHAI and PFC tax-free bonds issues, IRFC and Hudco bonds are here to entice investors. But, the step-down feature will incentivise real investor rather than someone trying to make a quick buck by swiftly selling it in the secondary market   IRFC (Indian...

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Raj Pradhan Raj Pradhan 10 January 2012
IDFC and L&T Infra have dropped interest rates for tranche2 bonds to 8.7% as against 9% which they offered till December 2011. IFCI which offers 9.09% and 9.16% for 10 and 15 years consequently emerges as a good bet, but the subscription closes 16 January 2012 Those who missed IDFC or...

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