CCI Dismisses Complaint Against Rapido over Use of Private Vehicles in Bike Taxi Service || Allahabad HC: State Must Protect Individuals Threatened for Conducting Prayers in Private Spaces || Madras HC: Habeas Corpus Petition Cannot Be Used if Wife Voluntarily Elopes with Another Man || Calcutta High Court: Post-VRS Service Benefits Cannot be Denied; Ex-Employees Entitled to Arrears || SC: SAIL Can Withhold Gratuity to Adjust Penal Rent if Ex-Employees Illegally Retain Quarters || Supreme Court: Appellate Courts Should Not Easily Alter MACT Compensation Awards || Supreme Court: Quashing FIR in Forgery Case Unjustified While Handwriting Expert’s Report Pending || Raj HC: Convicted Minor Gang Rapist Not Fully Barred From Open-Air Camps; Rules Allow Exceptions || Calcutta High Court: Serving a Show-Cause Notice Via Email is Valid under PMLA Regulations || Del HC: Candidate’s Independent Medical Opinions Don’t Justify Fresh Medical Exam in SSC Recruitment

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 :