Wikimedia Moves Delhi HC against Order Directing it to Remove Defamatory Content of ANI || Rajasthan HC: Re-Evaluation Result Would Not Relate Back to the Date of Original Declaration of Resul || Delhi High Court Directs Maintenance of Status Quo on Construction inside Kalan Masjid || Delhi HC: Can’t Appreciate Delhi Govt.’s Callousness in Filling up DCPCR Vacancies || SC to Decide if Term 'Regulate' in Electricity Act Covers Trade Regulation in Electricity Industry || SC Expresses Displeasure at Instances of UP Police Turning Civil Disputes Being into Criminal Dispute || SC: Action of Public Officer in Excess of Authority Would Attract Protection if Reasonable Nexus Show || Supreme Court: Principle of Res Judicata Applies to Quasi-Judicial Proceedings || SC: No Provision Under Registration Act, 1908 Allows Authority to Ascertain if Vendor has Title || NCLAT: Can File Appeal against NCLT Order Initiating Insolvency Process against Personal Guarantors

RBI announces rate of interest on Government of India Floating Rate Bond, 2031- (Reserve Bank of India) (06 Jun 2022)

MANU/RPRL/0230/2022

Banking

The rate of interest on Government of India Floating Rate Bond, 2031 (FRB 2031) applicable for the half year June 7, 2022 to December 6, 2022 shall be 6.42 percent per annum.

It may be recalled that FRB, 2031 will carry a coupon, which will have a base rate equivalent to the Weighted Average Yield (WAY) of last 3 auctions (from the rate fixing day i.e. June 7, 2022) of 182 Day T-Bills, plus a fixed spread of one percent. The Weighted average yields will be computed by reckoning 365 days in a year.

Tags : INTEREST RATE ANNOUNCEMENT FLOATING RATE BOND

Share :