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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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On her birthday, Women in Mathematics Day: Meet the ‘slow thinker’ who made history by winning the Fields Medal

Maryam Mirzakhani: How a ‘slow thinker’ became a mathematics legend. (Photo Courtesy: IMU) For many students, mathematics can sometimes feel like a race: solve the problem quickly, reach the answer and move on to the next question. Maryam Mirzakhani approached the subject differently. She described herself as a “slow thinker”, believing that understanding difficult mathematics...
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Chiranjeevi says audiences will come to theatres for good content; ‘It is wrong to say people are staying home and watching OTT’

Tollywood Megastar Chiranjeevi attended the success meet of his nephew Varun Tej’s latest release, ‘Korean Kanakaraju’. Directed by Merlapaka Gandhi, the film is a horror comedy which has been receiving positive to mixed response. During the event, the Telugu veteran spoke about the recent success of different films and said it is wrong to believe...
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‘Govt to focus on easing processes to boost FDI’

Goyal has pitched India’s FTAs as an opportunity for investors to make use of and export to other countries. Commerce & industry minister Piyush Goyal Thursday said govt will focus on easing processes and faster clearances, wherever required, to boost FDI flows, while asserting that Indian economy has seen a robust expansion in first quarter,...

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