New RBI rules may end loan spread tinkering; to standardise rate setting across banks, NBFCs

The methodology used to calculate internal benchmarks will also have to be made publicly available MUMBAI: Lenders may no longer be able to tinker with loan spreads over the benchmark rate to offer new borrowers better deals than existing customers. Draft RBI rules seeking to standardise interest-rate setting across banks, NBFCs and cooperatives require lenders…

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Food prices push up retail inflation to 4.45% in July

Price pressures remain stronger in rural India (4.8%), up from 4.7% in June NEW DELHI: Retail inflation inched up to 4.45% in July on expensive kitchen staples, including onion and ginger, even as price rise remained above the Reserve Bank’s median target for the second consecutive month, according to govt data.The consumer price index (CPI)-based…

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Javelin medallist says ‘searching for job’

Ashish Yadav’s life changed dramatically after he moved from his village in Uttar Pradesh to Hisar to pursue javelin. In just 15 months, the 19-year-old has become a World U-20 silver medallist and the second Indian after Neeraj Chopra to win silver in the event.However, his family’s financial struggles continue, and he is still searching…

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Bengaluru Top Trends Today: Namma Metro sees highest ridership ever, Rs 40.7 crore for AI projects; food safety drive on | Bengaluru News

Namma Metro records highest-ever ridership, food safety drive on Today, the biggest conversations in Bengaluru range from public transport and food safety to innovation and technology. As road congestion worsens, Namma Metro has hit a new ridership milestone with the city’s dependence on mass transit becoming more intense. Meanwhile, the food safety department of Karnataka…

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