NCLAT: Security to Become Part of Liquidation Estate if Creditor Fails to Deposit Amount in 90 Days || NCLAT: To Reject Application u/s 9 of IBC Reflection of Genuine Pre Existing Dispute Sufficient || NCLAT: Can’t Terminate Lease Hold Rights in Favor of CD During Moratorium Period || NCLT Kochi: As Per IBBI Regulations, Replaced Liquidator Entitled to Minimum 2 Lakh Rupees || Del. HC: Participation in Arbitral Proc. Doesn’t Imply Acceptance of Arbitrator’s Unilateral Appoin. || P&H HC: Measured Legal Response Necessitates Vigilance at Point of Entry || Ker. HC: There is No Personal Law in India Applicable to Christians Recognizing Adoption || SC: Protection under TP Act Not Available to if Party Knew about Pending Litigation || Supreme Court: BCI Has No Authority to Interfere with Legal Education || SC: Party Having No Privity of Contract with Service Provider Can’t be Called ‘Consumer’ under CP Act

RBI announces rate of interest on Government of India Floating Rate Bond 2028- (Reserve Bank of India) (03 Oct 2023)

MANU/RPRL/0588/2023

Banking

The rate of interest on Government of India Floating Rate Bond 2028 (GOI FRB 2028) applicable for the half year October 04, 2023 to April 03, 2024 shall be 7.69 per cent per annum.

It may be recalled that FRB 2028 carries a coupon, which has a base rate equivalent to the average of the Weighted Average Yield (WAY) of last three auctions (from the rate fixing day i.e., October 04, 2023) of 182 Day T-Bills, plus a fixed spread (0.64 per cent).

Tags : INTEREST RATE ANNOUNCEMENT

Share :