SC: Valuation Report is Not Mandatory For Share Capital Reduction U/S 66 Companies Act || SC: NCLAT Order Remains Valid Even if the Bench Has a Majority of Technical Members || SC: Plaintiff Who Approaches the Court with Unclean Hands Cannot be Granted Specific Performance || SC: Co-Operative Society’s Multi-State Status Depends on its Objectives, Not Member Distribution || SC: Government Cannot Avoid Responsibility as Data Shows COVID Vaccines Caused Some Deaths || J&K&L HC: Employer Can Adjust Pay/Pension for Dual Benefits, But Not Recover From Group C&D Staff || Bom HC: Kolhapur Circuit Bench Notification Doesn’t Automatically Divest Principal Seat Jurisdiction || Madras HC: Take Action Against Collectors and Police if They Fail to Maintain an Orderly System || J&K&L High Court: Cheque Bounce Case Can't be Dismissed Before Accused is Served || Cal HC: Delay in FIR is Not Fatal in Motor Accident Claims When Families Rush Victims to Hospital

Rate of interest on Government of India Floating Rate Bond, 2024- (Reserve Bank of India) (06 May 2024)

MANU/RPRL/0311/2024

Banking

The rate of interest on Government of India Floating Rate Bond 2024 (FRB 2024) applicable for the half year May 07, 2024 to November 06, 2024 shall be 7.03 per cent per annum.

It may be recalled that the rate of interest on FRB 2024 is reset at the average rate (rounded off up to two decimal places) of the implicit yields, at the cut-off prices of the last three auctions of Government of India 182-days Treasury Bills, held up to the period preceding the coupon reset date, which is May 07, 2024.

Tags : INTEREST FLOATING RATE BOND

Share :