Karnataka HC: Caste Slurs at Factory Dispatch Area Accessible to Workers Amount to Public View || Delhi HC: Lawyer’s Inability to Understand Lower Court Order Cannot Justify Delay in Filing Appeal || Delhi HC: POCSO Charges Stay Even If Minors Remain Unidentified In Child Sexual Exploitation Cases || J&K&L HC: Mere Abuse or Mentioning Caste Name Does Not Constitute an Offence under SC/ST Act || Tripura HC: Divorced Daughter Cannot Claim Family Pension if Divorce Happens After Parent’s Death || SC: Candidate Missing Physical Test Gets No Second Chance; Compassion Has No Place in Public Jobs || SC Grants Bail to Doctors as Were Not Provided in Writing, Citing 'Mihir Shah' Verdict || Supreme Court: Dowry Harassment and Domestic Abuse Persist, Showing Patriarchy Still Prevails || Supreme Court: Dowry Harassment and Domestic Abuse Persist, Showing Patriarchy Still Prevails || Supreme Court: Pay Commission Benefits Cannot Be Denied By Imposing Extra Conditions

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 :