- Banking
- 1 min read
RBI lifts restrictions on Bank of Baroda's Bob world app; bank can now onboard customers via app
The Reserve Bank of India (RBI) has decided to lift restrictions on Bank of Baroda's Bob World app with immediate effect, allowing the bank to onboard new customers through the application.
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The Reserve Bank of India (RBI) has decided to lift restrictions on Bank of Baroda's Bob World app with immediate effect, the bank said in the exchange filing.
The bank said, "We wish to inform that the RBI conveyed to the Bank its decision to lift the restrictions on Bob World with immediate effect, as such the bank is free to onboard customers through Bob World application in accordance with the applicable guidelines and extant laws /regulations."
"The Bank will now resume onboarding new customers in the Bob World application. The Bank is dedicated to ensuring compliance with regulatory guidelines, ET reported BoB as saying.
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