Madras High Court Upholds Appointment of District Judges as Tamil Nadu Lokayukta Secretary || Allahabad High Court: IO’s Mere Apprehension Cannot Justify Withholding Seized Items || Patna High Court: Mere Sight of Spouse in Compromising Position doesn't Prove Adultery || Sikkim High Court: POCSO Case not Quashed on Settlement after Survivor Turns Major || Chhattisgarh High Court: Backward Classes Commission Cannot Decide Private Commercial Disputes || SC: Futures & Options Investors Cannot Recover Trading Losses From Professional Clearing Members || Supreme Court: NCTE Executive Committee Can Seek Annual Reports From Teacher Education Institutes || SC: S.362 CrPC Cannot Limit HC’s Inherent Power to Recall Judgment Causing Miscarriage of Justice || Supreme Court Upholds RBI’s Power to Supersede Multi-State Co-op Bank Boards Beyond Six Months || Supreme Court: Retaining Victim in a Specific Role Cannot Reduce Functional Disability

RBI announces rate of interest on Government of India Floating Rate Bond 2033- (Reserve Bank of India) (21 Sep 2022)

MANU/RPRL/0423/2022

Banking

The rate of interest on Government of India Floating Rate Bond 2033 (GOI FRB 2033) applicable for the half year September 22, 2022 to March 21, 2023 shall be 7.42 percent per annum.

It may be recalled that FRB 2033 will carry a coupon, which will have a base rate equivalent to the average of the Weighted Average Yield (WAY) of last 3 auctions (from the rate fixing day, i.e., September 22, 2022) of 182 Day T-Bills, plus a fixed spread (1.22 percent).

Tags : RATE INTEREST FLOATING RATE BOND 2033

Share :