RBI Directs Bank of Baroda to Suspend New Customer Sign-Ups on ‘Bob World’ Mobile App

By Navasree A.M - On October 11, 2023 4:01 pm - 2 mins read
RBI Directs Bank of Baroda - RB - Bank of Baroda -New Customer Sign-Ups - Suspend New Customer Sign-Ups on Bob World - Mobile App - taxscan

The Reserve Bank of India (RBI) has directed the Bank of Baroda to suspend the new customer onboarding on ‘Bob World’ mobile application. In accordance with the authority vested in it by section 35A of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) has issued a directive to Bank of Baroda, mandating…

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