Briefs: Police Bank raises rates 20 bps, Genworth revises capital policy 13 May 2022 5:50AM Banking Day staff Police Bank, Interest rates, consumer, Lenders mortgage insurance Police Bank has announced that it will increase home loan interest rates by 20 basis points, making it the only lender so far not to pass on the full 25 bps cash rate hike. The bank said it will not increase rates at all for owner-occupiers whose loan has an interest rate above 3 per cent. Genworth Mortgage Insurance Australia has updated its capital management policy, announcing that it will increase the target range of its capital base. The company previously managed its regulatory capital base with reference to a target range of 1.32 times to 1.44 times the APRA prescribed capital amount. The board has revised the target range to 1.4 to 1.6 times APRA’s PCA. The company said it would return excess capital to shareholders.