FIXED INCOME


A few weeks ago, I had discussed how and why the credibility of credit rating agencies has taken a knock, periodically, because their internal processes have been diluted and they are under pressure to earn more, quarter after quarter—an objective ill-suited for this business. What needs to...

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Moneylife Digital Team 15 November 2018
JM Financial Credit Solutions Limited (JMFCSL) is offering up to 10.25% interest per annum (pa) on its latest secured non-convertible debentures (NCDs). The latest NCDs are the second tranche of the two-tranche borrowing planned by the company.   NCDs will be issued on a...

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Moneylife Digital Team 24 October 2018
Manappuram Finance, a non-banking finance company (NBFC) mainly known for providing personal loans against gold or gold jewellery, has come out with an issue of secured non-convertible debentures (NCDs) offering up to 10.40% interest per annum.   Thrissur-based Manappuram Finance is...

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Moneylife Digital Team 22 October 2018
The government has diverted Rs1,000 crore from the small savings schemes, which are used by common citizens as means of household savings and safe investment, to the ailing national carrier Air India. These schemes include postal deposits (savings account, recurring deposits, time deposits of...

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After the deep mess in which Infrastructure Leasing & Financial Services (IL&FS) has landed, everybody’s attention is back on credit ratings. The rating agencies have been accused of deteriorating financials of IL&FS. Whether or not we know much about the functions of rating agencies, it does...

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IANS 20 September 2018
The government on Thursday raised the interest rates on small saving schemes, including National Savings Certificates (NSCs), Public Provident Fund (PPF) and Kisan Vikas Patra (KVP), for the third quarter of the fiscal (October-December).   A Finance Ministry notification said that...

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Moneylife Digital Team 20 September 2018
Hawkins Cookers Limited has restarted its unsecured fixed deposits (FD) scheme delivering up to 10.75%pa (per annum) interest. The investment scheme started on 18 September 2018 and will remain open until 30 September 2019 or up to the company’s next annual general meeting, whichever is...

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Moneylife Digital Team 07 September 2018
Tata Capital Financial Services Limited (TCFSL) is a wholly-owned subsidiary of Tata Capital Limited (TCL), the financial services arm of the Tata group. TCFSL is a systemically important non-banking financial company (NBFC). It is offering its latest series of NCDs (non-convertible...

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Nishant Vivek 24 August 2018
One way in which you can show your sister how important she is to you is by providing her with financial security. This Raksha Bandhan, take a step in this direction by gifting her investment option for women that will yield high returns over time, giving her access to a stream of...

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Clinton Fernandes 19 July 2018
ECL Finance has planned a Rs2,000 crore issue of secured redeemable non-convertible debentures (NCDs)  amounting to Rs500 crore with an option to retain over-subscription up to Rs1,500 crore. The NCD issue has been rated “AA/Stable” by CRISIL and “AA with stable outlook” by...

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Moneylife Digital Team 27 June 2018
Chennai-based Shriram Transport Finance Company, an asset financing non-banking finance company (NBFC), has come out with its biggest non-convertible debentures (NCD) issue. The total issue size is Rs5,000 crore and has been rated ‘CRISIL AA+/Stable’ by CRISIL and ‘IND AA+:Outlook Stable’ by...

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The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved extending the investment limit from Rs 7.5 lakh to Rs 15 lakh under the Pradhan Mantri Vaya Vandana Yojana (PMVVY).   It also extended the last date for subscription to the scheme till March 31, 2020....

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Bank fixed deposit (FD) rates are slowly inching up. For a three-year FD, State Bank of India (SBI) has increased the rate from 6.5% to 6.7%. Yes Bank offers a rate of 7%; Axis is offering 6.9%; ICICI has a rate of 6.5%; while HDFC Bank’s rate is the lowest among its peers at 6%. Some private...

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Interest rates on bank fixed deposits (FDs) are inching up slowly. In the past few years, deposits of over Rs1 crore earned less than regular deposits forcing investors to break up the deposit amount into multiple FDs to earn a better rate. The trend has changed. FDs of over Rs1 crore up to...

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The government has made a U-turn after making non-resident Indians (NRIs) persona non grata for PPF (public provident fund) investment since 3 October 2017. Under the October notification, PPF and NSC (National Savings Certificate) yield only savings account interest from the day the person...

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HDFC Life has launched an annuity product called Pension Guaranteed Plan. It is the only-one-of-its-kind policy which offers guaranteed deferred annuity rates for a lifetime right at the time of purchase. While guaranteed annuity rates for deferred annuity may give the investor some comfort,...

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The government has discontinued 8% Government of India (GoI) Savings (Taxable) Bonds, 2003, for subscription. It has launched 7.75% Savings (Taxable) Bonds, 2018. The interest is payable semi-annually for non-cumulative mode; cumulative mode is also offered. Just like public provident fund...

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Interest rates on bank fixed deposits (FDs) for short terms may rise in the near future. Yes Bank, ICICI Bank, RBL Bank and Axis Bank have revised FD rates at the end of December 2017. Yes Bank has increased FD rates for a term of 46 days to less than six months by 15 basis points...

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Discontinuation of Jeevan Akshay VI by Life Insurance Corporation of India (LIC) from 1st December was hyped by media as a popular product coming to an end. It was touted as a product offering good returns which were impossible to sustain. This marketing hype got impetus with Insurance...

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IANS 02 January 2018
New Delhi, The government on Monday announced that its GOI Savings Bonds, 2003, earning 8 per cent interest per annum, will cease subscription from January 2.   The bonds have been popular on account of offering a higher rate of interest than small savings and fixed deposit...

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