Delhi High Court: Providing Email Services Does Not Make Google a Public Functionary || Patna HC: Lying on a Woman Without Any Act Toward Penetration Rules Out Attempted Rape || Delhi High Court: Litigants Cannot Claim a Bench Change as a Right After Roster Changes || Calcutta High Court: Peaceful Protest is a Democratic Right and Cannot Be Treated as an Offence || Delhi High Court: Trial Courts Must Verify an Accused’s Address Before Declaring Absconding || Gujarat High Court: Judicial Officer Cannot Seek HC Judge’s Transfer over Housing Grievance || Delhi High Court Orders 125 Websites Using Jio Trademark for Lottery and Gaming to Be Suspended || MP High Court Strikes Down 27% OBC Quota, Restores Reservation to 14% || Supreme Court: Hindu Widow’s Limited Estate Became Absolute under Succession Act || Supreme Court: Prima Facie Arbitration Agreement Requires Referral to Arbitration

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 :