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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.

Bank of Baroda issues clarification after RBI bars PSU bank from onboarding new customers through BoB World mobile app

In a notification to the exchanges on Tuesday, Bank of Baroda said corrective measures were being taken to address the deficiencies.