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The Reserve Bank of India (RBI) has decided to maintain the repo rate at 6.5% for the fourth consecutive time. The Monetary Policy Committee (MPC) remains focused on aligning inflation to the 4% target. The RBI may consider open market sales of bonds to manage liquidity conditions. Despite inflation and resilient economic conditions, the MPC has kept its inflation and GDP forecasts unchanged. ....
DBS says its new digiVault account will take a “digitally in, only physically out” approach, with funds only accessible after identity verification. OCBC and UOB are also set to roll out similar features. ....
Ajay Banga Interview: World Bank President Ajay Banga, in an interview with Rahul Kanwal, Executive Director of Business Today, talked about how he plans to reform the World Bank, reforming MDBs, debt crisis, achieving SDGs, India s G20 Presidency, climate finance and more. Watch this Business Today Visual Story to know all about it. ....
Local bank DBS PayNow's service was down on Tuesday with customers reporting delays in their FAST or PayNow transactions from early in the afternoon. The issues, which come alongside a string of outages this year alone, caused DBS' brand sentiments to plummet. ....