With rising geopolitical tensions impacting the global economy and inflation, talk of interest rate cuts has taken a back seat. Interest rates on select company fixed deposits (FDS) have inched up with the likes of Shriram Finance and Bajaj Finance recently hiking the coupon rates on their FDs and recurring deposits.
"Currently company/non-banking financial company (NBFC) FD rates are attractive in comparison to their nonconvertible debentures (NCDs) trading in the secMC ondary market. They are also more attractive than bank FDs," says Vikram Dalal, managing director, Synergee Capital Services.
Regulatory measures driving rates
Regulatory measures by the Reserve Bank of India (RBI) have impacted corporate FD interest rates.
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