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Banking Central | Who s telling the truth in the BoB World mess?

Contradictory statements on BoB’s former digital head’s exit indicate not all was well within the bank

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Taking corrective measures : Bank of Baroda responds after RBI bars it from onboarding new customers through its mobile app

Shares of Bank of Baroda dipped more than 2 per cent on October 11 after the Reserve Bank of India ordered it to not add new customers using its mobile app BoB World.

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Bank of Baroda to raise Rs 10,000 crore to fund infra and affordable housing projects, ET RealEstate

Bank Of Baroda: The approval is for raising Long Term Bonds for Financing of Infrastructure and Affordable Housing aggregating to a total size of up to Rs 10,000 crore, in single or multiple tranches during 2023-24 and beyond, if found expedient, BoB said in a regulatory filing.

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RBI directs Bank of Baroda to stop onboarding new customers through BoB World app

In the release, RBI said that the customers who have already onboarded should not face any disruption.

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RBI bars this bank from onboarding new customers on mobile app

RBI said that the action is based on certain material supervisory concerns observed in the manner of onboarding customers onto the application.

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