TB Rates down

hariesha · 1 TB Rates down Wed Jun 26, 2013 1:27 pm

hariesha

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After couple of auctions with flat rates today there's a considerable reduction in 6 month and 1 year rates.

180 days - down by 10 bps
365 days - down by 19 bps

http://www.cbsl.gov.lk/pics_n_docs/latest_news/press_20130626eb.pdf

Redbulls

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Benchmark Treasury bill yields fell across the longer tenures on Wednesday after the Central Bank cut the statutory reserve ratio (SRR) by 200 basis points to 6 percent.

The Public Debt Department of the Central Bank offered maturing bills amounting to Rs. 12 billion at yesterday’s primary market auction for which bids amounted to Rs. 54.7 billion.

The bank accepted bids amounting to Rs, 42.4 billion.

The six month Treasury bill yields eased by 10 basis points to 9.70 percent and the 12-month yield eased 19 basis points to 10.66 percent. The three month yield was unchanged at 8.66 percent.

The Central Bank cut the SRR by 200 basis points to 6 percent in an effort to bring down market lending rates and boost private sector credit growth and the economy (see today’s lead story).
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=82244

UKboy · 3 Re: TB Rates down Thu Jun 27, 2013 3:25 pm

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Hi Guys, Do you know any financial company gives you 15% + (or a mini of 14%) fixed monthly return for a less than 18 months deposit? (If you have a senior citizen as a joint deposit holder). It has to be a registered company under CB.

So far I found only valibell finance.

balapas · 4 Re: TB Rates down Thu Jun 27, 2013 3:58 pm

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UKboy wrote:Hi Guys, Do you know any financial company gives you 15% + (or a mini of 14%) fixed monthly return for a less than 18 months deposit? (If you have a senior citizen as a joint deposit holder). It has to be a registered company under CB.

So far I found only valibell finance.

Arpico Finance is quite good. I have deposits with them for sometime. Their rates are the highest that I have found http://www.arpicofinance.com/html/products_fixed.htm
Good company and growing fast with Micro finance. Major shareholders are Alliance finance subsidiaries holding more than 60% and third DP.

hariesha · 5 Re: TB Rates down Thu Jun 27, 2013 4:19 pm

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LOLC, CDB, TKS

UKboy · 6 Re: TB Rates down Thu Jun 27, 2013 4:39 pm

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thanks balaps & hariesha

Yes Arpico finance looks good.

hariesha
I never heard about TKS. That's something new to me. But their rates are good.

used to deposit in central finance but their recent rates r nt the best.
Then ET , Now its a bit wobbly.

pathfinder · 7 Re: TB Rates down Thu Jun 27, 2013 4:58 pm

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UKboy wrote:Hi Guys, Do you know any financial company gives you 15% + (or a mini of 14%) fixed monthly return for a less than 18 months deposit? (If you have a senior citizen as a joint deposit holder). It has to be a registered company under CB.

So far I found only valibell finance.

Try with LOFC 13mths +14%

rainmaker · 8 Re: TB Rates down Thu Jun 27, 2013 5:02 pm

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balapas wrote:

UKboy wrote:Hi Guys, Do you know any financial company gives you 15% + (or a mini of 14%) fixed monthly return for a less than 18 months deposit? (If you have a senior citizen as a joint deposit holder). It has to be a registered company under CB.

So far I found only valibell finance.

Arpico Finance is quite good. I have deposits with them for sometime. Their rates are the highest that I have found http://www.arpicofinance.com/html/products_fixed.htm
Good company and growing fast with Micro finance. Major shareholders are Alliance finance subsidiaries holding more than 60% and third DP.

Hope you have a strong frame or some Thuggish friends if you deposit in that place Razz

balapas · 9 Re: TB Rates down Thu Jun 27, 2013 5:13 pm

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rainmaker wrote:

balapas wrote:

UKboy wrote:Hi Guys, Do you know any financial company gives you 15% + (or a mini of 14%) fixed monthly return for a less than 18 months deposit? (If you have a senior citizen as a joint deposit holder). It has to be a registered company under CB.

So far I found only valibell finance.

Arpico Finance is quite good. I have deposits with them for sometime. Their rates are the highest that I have found http://www.arpicofinance.com/html/products_fixed.htm
Good company and growing fast with Micro finance. Major shareholders are Alliance finance subsidiaries holding more than 60% and third DP.

Hope you have a strong frame or some Thuggish friends if you deposit in that place

I had no issue withdrawing my deposits upon maturity.

Jiggysaurus · 10 Re: TB Rates down Thu Jun 27, 2013 5:19 pm

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balapas wrote:

rainmaker wrote:

Hope you have a strong frame or some Thuggish friends if you deposit in that place

I had no issue withdrawing my deposits upon maturity.

Because of your thuggish friends or because of your strong frame?

smayadunne · 11 Re: TB Rates down Thu Jun 27, 2013 6:07 pm

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hey,

y dont u try for debentures..?

just try ..Heleys will offer AER 15%+

chamith · 12 Re: TB Rates down Thu Jun 27, 2013 8:48 pm

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CBSL imposes ceiling on Finance companies over the maximum interest rate that they can pay to their customers. Ceiling is xx% interest for 12 month or less deposits. xx% + 3% for over 12 months deposits.
Therefore those are the boundaries that LFC can play. But some LFC offers 13 Month fixed deposits, so that they can give the maximum interest under CBSL's boundaries.

So shop around and see who offers such products.

WildBear · 13 Re: TB Rates down Thu Jun 27, 2013 9:12 pm

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smayadunne wrote:hey,

y dont u try for debentures..?

just try ..Heleys will offer AER 15%+

Yes, applying for listed debentures would be handy at this point. I applied Commercial Credit debentures at 21 % p.a. few months back, but unfortunately smaller quantity. Even HAYL debentures at 14.25 % looks better with this trend. But I do not know whether they are tradable in near future or we have to hold upto maturity.

However debentures always rank below the Fixed doposits.

rainmaker · 14 Re: TB Rates down Thu Jun 27, 2013 10:32 pm

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Jiggysaurus wrote:

balapas wrote:

rainmaker wrote:

Hope you have a strong frame or some Thuggish friends if you deposit in that place

I had no issue withdrawing my deposits upon maturity.

Because of your thuggish friends or because of your strong frame?

Also helps if you have a Thug girlfriend...... sometimes more effective Wink

balapas · 15 Re: TB Rates down Fri Jun 28, 2013 8:12 am

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rainmaker wrote:

Jiggysaurus wrote:

balapas wrote:

rainmaker wrote:

Hope you have a strong frame or some Thuggish friends if you deposit in that place

I had no issue withdrawing my deposits upon maturity.

Because of your thuggish friends or because of your strong frame?

Also helps if you have a Thug girlfriend...... sometimes more effective

There is a nice lady at the FD section who will fill all forms so just need to sign forms Very Happy

I know the good guys and the thugs there. Need thugs in the recovery team when giving leases to 3 wheeler guys. Thats where you get the thugs. Can hire for personal recoveries also they do a good job. Laughing