Supreme Court: Parents’ Loss Cannot Be Measured With Arithmetical Precision || Supreme Court: Registered Sale Deed Remains Valid Despite Minor Attestation Discrepancies || Calcutta High Court: Section 107 BNSS Property Attachment Cannot be Used as a Recovery Tool || Ker HC: Elected Representatives Must Swear by God or Affirm, Cannot Invoke Specific Deities in Oath || Rajasthan High Court: Ward Delimitation Must Rely on Population, Not Voter Count || SC: Readiness for Agreement Execution Must be Proven From Agreement Date, Not Only After Suit Filing || Supreme Court: Long Gap Without Similar Criminal Conduct May Mitigate Sentence || Supreme Court: Loss of Right Leg Constitutes 100% Functional Disability for a Mason || Del HC Orders Fresh All India Tennis Association Elections by Sept 30, Sets Timeline for Amendments || Bombay High Court Permits 26-Week Pregnancy Termination Due to Fetal Anomalies, Financial Hardship

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 :