In October 2023, the Reserve Bank of India (RBI) stopped Bank of Baroda from onboarding new customers on its mobile app ‘BoB...
Many banks are now reevaluating their mobile app on-boarding processes following the Bank of Baroda case, with internal checks underway at public...
RBI has, in exercise of its power, under Section 35A of the Banking Regulation Act, 1949, directed Bank of Baroda to suspend,...