Raj. HC: No Jurisdiction on DRT to Modify Settlement Terms in Appli. Filed after Disposal of Matter || Kar. HC: Second Petition u/s 482 of CrPC Not Maintainable Unless Founded Upon Change in Circumstance || Centre to Delhi HC: In Process of Framing Rules Under New Online Gaming Act || Karnataka HC: Compelling DNA Tests without Imminent Need becomes Violative of Article 21 || SC: TET Qualification Mandatory for Teachers in Minority Institutions || SC: Agreement to Sell Does Not Confer a Valid Title on a Party as it is Not a Deed of Conveyance || SC Criticizes NGT for Outsourcing its Responsibilities to External Committees || SC: No Culprit Should Manage an Acquittal on the Basis of Unreasonable Doubts || Delhi High Court Dismisses Bail Pleas of Umar Khalid and Other Accused in 2020 Delhi Riots Case || Supreme Court Judges Launch Schemes for Human -Wildlife Conflict

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 :