SC: No Remand if the Appellate Court Can Decide the Issue on Existing Evidence || SC: S.69 Evidence Act Applies to Will Only if S.68 Attestation Proof is Impossible || SC: Superior’s Mere Reprimand Not Abetment of Suicide without Intent to Provoke Death || SC: Speedy Trial is Victim’s Right; Gangsters Act Case Cannot Stall Other Trials || Supreme Court Issues Directions to Curb Unaccounted Cash in Elections to Protect Democracy || Supreme Court Issues Directions to Prevent Fake Sureties in Bail Cases Involving Foreigners || Madras HC: Police Cannot Arbitrarily Bar Carrying Indian Flag at Peaceful Rallies || Delhi HC Bars JNU from Granting Student Admissions Using Deprivation Points || Kerala High Court Flags Misuse of POCSO in Marital Disputes and Acquits Man Accused of Rape || Calcutta HC orders Urgent EWS Certificate Decision, Says Mother's Voter Deletion Irrelevant

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 :