Supreme Court: Ad Valorem Court Fees Apply to Appeals Seeking Statutory Land Acquisition Benefits || Supreme Court: Cruise Voyages Remain Shipping Business under Section 44B Despite Onboard Services || Supreme Court: People Abandon Cattle on Roads But Object to Their Use For Food || Supreme Court Stays CIC Decision Declaring NSE Subject to the RTI Act || SC: Wife May Be Denied Interim Maintenance if Husband Ex Facie Establishes Adultery || SC: Prior Testimony is Inadmissible without Section 299 CrPC Order against Absconder || Supreme Court: Administrative Action Can't Be Invalidated Solely for Lacking Formal Order || Calcutta High Court: Section 141 NI Act Does Not Apply to Sole Proprietorships || Orissa High Court Criticizes Magistrate for Defying Direction in Cheque Bounce Case || Delhi High Court Safeguards Yuvraj Singh's Personality Rights, Orders Deepfake Takedown

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 :