Delhi HC: Economic Offender Cannot Seek Travel Abroad For Medical Treatment When Available In India || SC: Governors and President Have No Fixed Timeline To Assent To Bills; “Deemed Assent” is Invalid || SC: Assigning a Decree For Specific Performance of a Sale Agreement Does Not Require Registration || SC: No Quota Applies For Judicial Officers in District Judge Posts, Issuing Seniority Guidelines || SC: Interest Rate Disputes Doesn't Fall under Public Policy to Set Aside Arbitration Awards || SC: If Some Offences are Quashed By Compromise, the FIR For The Same Incident Cannot Continue || Supreme Court: TIP is Unreliable if the Witness Saw the Accused Beforehand || Delhi HC: MYAS Not Bound to ‘Rubber-Stamp’ International Federation Choices || AP HC: Fulfilling Rehabilitation Promises to Displaced is State’s Constitutional Obligation || SC: Career Progression to Higher Echelons of Judiciary is Neither a Matter of Right Nor Entitlement

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 :