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RBI Lifts Restrictions on Bank of Baroda's BoB World App

RBI Lifts Restrictions on Bank of Baroda's BoB World App
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RBI Lifts Restrictions on Bank of Baroda's BoB World App

AspectDetails
EventRBI lifts restrictions on Bank of Baroda's BoB World mobile application.
Date of AnnouncementRecent (specific date not provided).
Previous DirectiveRBI suspended customer onboarding in October 2023 due to supervisory concerns.
Corrective MeasuresBank of Baroda has addressed the concerns raised by the RBI.
Immediate EffectBank of Baroda can now onboard customers through the BoB World app.
Bank's ResponseBank of Baroda confirms readiness to resume onboarding new customers.

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