Supreme Court: Amalgamating Company Loss Cannot be Set Off Against Amalgamated Income || Supreme Court: Hostile Witness Deposition Admissible to the Extent it is Found Credible and Reliable || SC Upholds Penalty on Bank For Delay in Cheque Presentation under Consumer Protection Act || Karnataka High Court Orders Strict Statewide Implementation of Menstrual Leave Policy || Delhi HC: Emergency Arbitrator Awards are Not Binding on Indian Courts in Interim Relief Proceedings || Del HC Imposes ?10L Fine on Parle Agro For Non-Disclosure of Sales Revenue in Pepsico Trademark Case || Supreme Court: Spouse Cannot Withdraw Consent for Mutual Divorce After Settlement Agreement || Supreme Court Suspends PC Act Sentence of Former Minister Anosh Ekka, Flags Overlapping CBI Cases || Supreme Court: Magistrate’s Probe Order Can’t be Quashed on Accused’s Defence || Delhi High Court: No Adverse Inference if Handwriting Sample Refused Without Section 73 Disclosure

RBI announces rate of interest on Floating Rate Bonds, 2020- (Reserve Bank of India) (20 Jun 2019)

MANU/RPRL/0119/2019

Banking

The rate of interest on the Floating Rate Bonds, 2020 (FRB 2020) applicable for the half year June 21, 2019 to December 20, 2019 shall be 6.13% per annum. It may be recalled that the rate of interest on FRB, 2020 is set at the average (rounded off to two decimal places) of implicit yields at the cut-off prices, of the last three auctions of GoI 182 day Treasury Bills, held up to period preceding the coupon reset date, which is June 21, 2019. The implicit yields will be computed by reckoning 365 days in a year. The coupon rate has been fixed accordingly.

Tags : INTEREST RATES RATE BONDS ANNOUNCEMENT

Share :