SC: Filing a False FIR Alone does not Amount to Abetment of Suicide || SC: Police Cannot Probe Offences under Pre-Conception & Pre-Natal Diagnostic Techniques Act || SC: UP Gangsters Act Creates no Offence, Perpetuates Violence against Citizens || SC: Caste Abuse in Private Space without Public Presence is not SC/ST Act Offence || SC Reduces Judicial Service Practice Norm to 1 Year; Mandates Training & Clerkship || SC: Wife’s Income does not Reduce Father’s Duty to Maintain Children || SC: Government Cannot Revisit PSC Eligibility Decision When Service Rules Make it Final || Allahabad HC: S.34 IPC Applies if Co-Accused Shares a ‘Functional Relationship’ with Offence || P&H High Court: PSC Cannot Introduce Minimum Interview Marks After Medical Faculty Selection Begins || MP HC: Comprehensive Insurance Doesn't Mean Unlimited Passenger Liability Without Terms

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 :