SC: Disciplinary Proceedings Cannot Follow if an Officer is Discharged on the Same Charge || SC Clarified the Distinction Between Arbitration “Seat” And “Venue” While Summarising Key Principles || Supreme Court: Wife and Her Family Cannot Be Prosecuted For Dowry-Giving Based On Her Complaint || SC: Plaint Cannot Be Rejected Under Order VII Rule 11 CPC on the Ground of Order II Rule 2 Bar || Supreme Court Has Issued an SOP Prescribing Strict Timelines For Filing Legal Aid Appeals || Madras HC: Dhurandhar 2 Release Cannot be Stalled Due to Objections From a Small Section || Delhi HC: Lokpal May Form Prima Facie Opinion Before Show Cause Notice Without Prior Hearing || Bom HC: Family Courts Cannot Casually Order a Spouse’s Medical Examination to Assess Mental Health || Bombay HC: Child Care Leave Protects Motherhood and Denial Violates Rights of Mother and Child || Supreme Court: Amalgamating Company Loss Cannot be Set Off Against Amalgamated Income

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 :