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Message: [QUOTE="Munyaradzi Mafaro, post: 62443, member: 636"] The Reserve Bank of India modified small business lending regulations, granting banks flexibility to adjust interest rate spreads. Lenders may reduce spread components before the previous three-year requirement, and borrowers can convert to fixed-rate options at reset intervals. Financial institutions gained authorization to provide working capital loans to businesses using gold as raw material. The expansion moves credit access beyond the jewellery sector. The central bank requested public feedback on proposed changes until on October 20. Smaller urban cooperative banks obtained expanded lending authority under revised guidelines. Regulators permitted banks to use foreign-currency bonds as Additional Tier 1 capital for easier market access. Credit institutions must submit borrower information weekly rather than fortnightly to information companies. [/QUOTE]