BANK NEWS
RBI announces rate of interest on Government of India Floating Rate Bonds 2024
The implicit yields will be computed by reckoning 365 days in a year.
New Delhi: The Reserve Bank of India announced the rate of interest on the Floating Rate Bonds, 2024 (FRB 2024) applicable for the half-year May 07, 2022, to November 06, 2022, shall be 4.41 percent per annum.
According to the RBI, 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-day Treasury Bills, held up to the period preceding the coupon reset date, which is May 07, 2022.
The implicit yields will be computed by reckoning 365 days in a year.
Read Also : Mines Ministry Inks MoU with Shakti Sustainable Energy FoundationNews Must Read
- THDC and UJVNL Joint Venture, TUECO inks MoU with Nagar Nigam Haridwar
- IREDA bags Navratna status from government
- EIL and Mongol Refinery resumed external construction activities at Mongol Refinery Project site
- World's Largest Airport Coming; 5 times bigger than Dubai International Airport
- NTPC inks pact with RINL for supply of limestone
- RBL Bank Q4 Audited Financial results, FY24
- NCL General Manager (Finance) D Sunil Kumar recommended for SECL Director (Finance)
- Bank of Maharashtra Q4 results, Net Profit increased by 44.95 percent to Rs 1,218 crore
- Axis Bank Overtakes Kotak Mahindra Bank to Become India's Fourth Most Valued Lender
- LIC cuts stakes in major PSU stocks