SC: DRT Auction Sale Valid Despite Failure to Serve Order XXI Rule 22 Notice || SC: Legal Representatives Entitled to Motor Accident Compensation without Financial Dependency || SC: Re-Employed Officers May be Classified Differently from Regular Officers || Supreme Court Questions Union's Opposition to Global Food Package Labelling Norms || SC: S.42 NDPS Act Compliance Need Not be Absolute When Immediate Seizure is Required || SC Clarifies Whether Tenancy Ends after Landlord-Tenant Execute Agreement to Sell || SC Levies Rs. 10 Lakh Cost on Reliance Industries for Hindering 20-Year-Old NTPC Suit || P&H HC: Authorities Obligated to Act if Protests Escalate into Violence || Allahabad HC: Allottee Aware of Reduced Lease Area Not Entitled to Full Zero-Period Benefit || Delhi HC: 2015 Commercial Courts Act Applicable to Suits Instituted Before its Enactment

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 :