We approximate a locally unique solution of a nonlinear equation in a Banach space setting using an inexact two-step Newton-type method. It turn out that under our new idea of recurrent functions, our semilocal analysis provides tighter error bounds than before, and in many interesting cases, weaker sufficient convergence conditions. Applications including the solution of nonlinear Chandrasekhar-type integral equations appearing in radiative transfer and two point boundary value problems are also provided in this study.