RBI lifts ban on Bank of Baroda's BoB World app after six months
Bank of Baroda announced on Wednesday that the RBI has lifted its ban on the BoB World app, permitting the bank to resume customer onboarding immediately, following the RBI's directive in October 2023 to suspend further customer onboarding due to supervisory concerns.- Mumbai - UPDATED: May 9, 2024, 10:52 AM - 2 min read
Following the RBI's concerns, Bank of Baroda implemented corrective measures, which involved undertaking various steps at both field and corporate levels, including the dismissal of Chief Digital Officer Akhil Handa.
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