why pnb housing finance is falling?
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NEW DELHI: Shares of PNB Housing Finance fell 12 per cent in Friday's trade after the company reported a 22 per cent drop in net profit at Rs 237 crore for the December quarter amid lower credit growth, despite easing interest rate cycle and adequate liquidity.
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HDFC has an average customer ratings of 4.4, while PNB Housing Finance has an average customer rating of 4.2, based on which it is clear that HDFC has a high customer service focus, an easy Home Loan process and a quick turnaround.
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['The crane count on the horizon falls as construction slows;', 'Estate agents return calls;', 'Liquidators become busier than corporate financiers;', 'Banks tighten credit for fear of bad debts;', 'Chief executives are sacked by unhappy boards;', 'The volume of shares traded on the stock market slumps;']
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Lower interest rates make the cost of borrowing cheaper. It will encourage consumers and firms to take out loans to finance greater spending and investment. Lower mortgage interest payments. A fall in interest rates will reduce the monthly cost of mortgage repayments.
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it is liquidity. It is cheap money, low interest rates and that is the reason why markets are going higher.
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A record number of homes were built during the height of the boom over the 2015-2016 financial year and while residential construction has remained at peak levels over the past three years, home starts will decline from 228,000 across fiscal 2019 to 176,000 in fiscal 2023, according to Master Builders Australia's (MBA) ...
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The fall has been due to decline in profit and governance issue. ... The fall has been due to decline in profit and governance issue. Shares of Vedanta Ltd slumped to a two-and-a-half-year low on Friday after analysts expressed concerns over an investment by a unit of the company in African miner Anglo American.
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With owner-occupier rates falling to 2.19%, NAB is now the most competitive of the Big Four banks. NAB today announced it was lowering interest rates on its main fixed and variable rate home loans for owner-occupiers. ... NAB Base Variable Rate Special Offer: 2.69% (down from 2.84%).
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Since the epidemic first started, we have seen increased stress in the financial system. Mortgage spreads, which are the difference between mortgage yields and Treasury yields, have increased (or "widened," in industry vernacular). This caused Annaly's book value to fall.
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Shares of DCB Bank plunged 16 per cent on Wednesday after the company witnessed a rise in its bad loan proportion during the quarter ended June. ... Net NPAs rose to 0.81 per cent, compared with 0.72 per cent a year ago. The shares of the bank closed 16.39 per cent lower Rs 199.65 on BSE.
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The investment income fell to negative Rs 10,229.92 crore in the quarter as against an income of Rs 3,755.6 crore in the year-ago period. According to Kotak Institutional Equities, Covid-19 dented HDFC Life's Q4FY20 performance with lower value of new business (VNB) and large investment variance.
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Another reason for the Lloyds drop is down to its weak 2019 results, which were released last week. ... So the move lower over the past week can be due to investors going through the results and deciding that this is not a share they want to invest in.
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Once again, there isn't any company-specific news that can explain the big drop. That means that the most likely cause of the decline is the general market sell-off that is linked to the continued spread of the coronavirus.
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Nevertheless, the combination of factors put DHFL in a difficult place, forcing the company to sell a number of its businesses to ensure it could pay back on debt. Regardless, on June 4, the company failed to pay about Rs 900 crore worth of interest, prompting ratings agencies to downgrade all of its commercial paper .
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BOQ Cuts Variable Home Loan Interest Rates. Bank of Queensland (BOQ) today announced changes to its variable home loan interest rates, effective Friday, 3 April 2020: ... The Standard Variable Rate for Owner Occupier (Principal & Interest) and Owner Occupier (Interest Only) loans will decrease by 0.17 per cent, per annum.
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Construction costs are cheap and demand is low. Because inner city limits of Dayton are trash. ... Supply and demand in the housing market.
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Because the Swiss franc is regularly used as a safe haven currency in times of crisis, the SNB was forced to go below zero. Five years ago, the SNB lowered its key interest rate to -0.75% in order to avoid a further appreciation of the Swiss franc.