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RBI to unveil new guidelines for existing projects

Published

9 years ago

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Kolkata: The Reserve Bank of India is coming up with new set of guidelines for the 5/25 rule aim25401020.cmsed at restructuring loans for existing projects classified as standard assets, a senior official said here Wednesday.

“The new rule for restructuring loans for existing projects will be in place within a few days,” RBI Deputy Governor S.S. Mundra said on the sidelines of an interactive session organised by CII.

In the 5/25 structure, a bank can fix a longer  (about 25 years) for loans to projects in infrastructure and core industry sectors, with periodic refinancing, say every five years.

With oil prices remaining normal and the economy seemingly stabilising the food and commodities prices, the new policy revision is highly likely.

“In the latest monetary policy, it has been indicated … that at this point of time, deflation is quite encouraging. Of course it has been supported by global factors, oil prices are low, food prices have also softened from what they were before. Then there will be room for softening of policy stance,” added Mundra.

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Apple is giving a huge discount on its gadgets: Details inside

Published

2 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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