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| 11dBreather For Bank Of Baroda As RBI Allows Onboarding Customers Via Bob World App
The Reserve Bank of India (RBI) has lifted restrictions on Bank of Baroda, allowing the bank to onboard customers through its mobile banking application, 'Bob World'. The central bank had asked the bank to suspend onboarding customers on its app in October 2020 due to supervisory concerns. Bank of Baroda confirmed that the RBI lifted the curbs with immediate effect in a letter dated May 8. The bank is now permitted to resume onboarding new customers through the app in compliance with regulatory guidelines.
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