Calcutta HC Confirms KMC Can Revise Property Valuation to Levy Tax In ?11.24 Crore Dispute || Bom HC Cancels Bail of Accused Supplying Fake Medicines, Says it Weakens Public Trust in Healthcare || MP HC: Oral, Anal Sex Between Married Couples Not Punishable under Section 377 IPC || SC Says Respect For Higher Court Orders a Basic Principle, Rebukes Authority For Revisiting Order || SC: Merits of Foreign Arbitral Awards Cannot be Re-Examined During Enforcement Proceedings || SC: Failure to Sign Charge Sheet Doesn’t Invalidate Trial if Charges Were Properly Read to Accused || Delhi HC: Bipolar Disorder Alone Does Not Qualify as Medical Disability Without Benchmark Criteria || Kerala HC: Excommunicating Knanaya Catholics For Marrying Outside the Community is Unconstitutional || Kerala HC: Temporary Use of Religious Land For Public Infrastructure is Not a ‘Transfer’ under Law || P&H HC: Habeas Plea in Child Custody Case Not Maintainable if Child is With Natural Guardian and Safe

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

MANU/RPRL/0564/2022

Banking

The rate of interest on Government of India Floating Rate Bond 2031 (FRB 2031) applicable for the half year December 7, 2022 to June 6, 2023 shall be 7.69 percent per annum.

It may be recalled that FRB, 2031 will carry a coupon, which will have a base rate equivalent to the average of the Weighted Average Yield (WAY) of last 3 auctions (from the rate fixing day i.e. December 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 :