Supreme Court: Police May Freeze Bank Accounts under S.102 CrPC in Prevention of Corruption Cases || SC: Arbitrator’s Mandate Ends on Time Expiry; Substituted Arbitrator Must Continue After Extension || SC: Woman May Move Her Department’s ICC For Harassment by Employee of Another Workplace || SC: Women’s Representation Requirement Applies to All Bar Associations in Gujarat || SC: Contempt Power isn’t Judges’ Personal Shield nor a Tool to Silence Legitimate Criticism || SC: Statutory Corporation Can Deduct under S.36(1)(viii) Only for Income from Long-Term Finance || NCLT Kolkata: Costs for Compromise or Arrangement Scheme not Part of Liquidation Expenses || NCLT Ahmedabad: Complaints Against Auditors or Company Secretaries Not Grounds for Company Probe || SC: NCLT Can Forfeit Entire Deposit if Purchaser Defaults on Payment for Liquidation Assets || Meghalaya HC: Non-Signatory or Non-Existent LLP Cannot Claim Arbitration via Group of Companies

RBI announces rate of interest on Government of India Floating Rate Bond, 2024- (Reserve Bank of India) (04 May 2023)

MANU/RPRL/0263/2023

Banking

The rate of interest on Government of India Floating Rate Bond 2024 (FRB 2024) applicable for the half year May 07, 2023 to November 06, 2023 shall be 6.97 per cent per annum.

It may be recalled that the rate of interest on the FRB 2024 shall be reset at the average rate (rounded off up to two decimal places) of the implicit yields, at the cut-off prices of the last three auctions of Government of India 182-days Treasury Bills, held up to the period preceding the coupon reset date, which is May 07, 2023. The implicit yields will be computed by reckoning 365 days in a year.

Tags : RATE INTEREST FLOATING RATE BOND

Share :