Daily Briefing: Ringgit records new low vs SGD; GIC-backed Bandhan starts banking ops in India

And here are the costliest credit cards in Singapore.

The Malaysian ringgit on Friday (21 August) fell to a new low against the Singapore dollar, now down to 2.9678 ringgit per S$1 at around 2pm, up from 2.9463 at its close on Thursday. Read more here.

Bandhan Financial Services Pvt., the first new commercial Indian lender in more than a decade, kicked off operations with 501 branches across the country, with plan for a 26 percent expansion by end-March. Find out more here.

For those who earn and spend money on a whole other level, using a regular credit card with its low credit limit and half-hearted benefits feels kind of like trying to browse the internet with a Nokia 3110, a very limited experience. Read more here.