Supreme Court: VAT is Not Applicable on Reliance’s Inter-State Gas Supply from KG Basin to UP || Supreme Court: Co-Owner Can File Eviction Suit as Landlord under Bombay Rent Act || Supreme Court: Mediclaim Reimbursement Cannot be Set off Against Accident Compensation || SC: Hindu Succession Act 2005 Amendment Does Not Curtail Daughters’ Existing Inheritance Rights || SC: Loans May be Treated as Deposits under MPID Act, Private Individuals as Financial Establishments || Supreme Court: Preventive Detention Unwarranted When Ordinary Law Suffices to Maintain Order || Supreme Court: Tenant’s Defence Cannot be Struck off Without Checking Wilful Rent Default || Allahabad High Court: Disposing Non-Veg Food in Ganga May Hurt Hindu Religious Sentiments || J&K&L High Court: Similarity With Police Dossier Alone Not Enough to Quash Preventive Detention || Patna High Court: Convict on Bail Can Still Seek Premature Release

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 :