![RBI lifts ban on BoB mobile app](https://cdn.magzter.com/1574835453/1715207061/articles/yC1T3fWk71715214747304/RBI-LIFTS-BAN-ON-BOB-MOBILE-APP.jpg)
THE Reserve Bank has lifted the ban it imposed six months ago on the second-largest public sector lender, Bank of Baroda, from onboarding new customers through its mobile application citing regulatory breaches and weak security systems, the regulator lifted the ban on Wednesday, the bank said in an exchange filing Wednesday evening.
The RBI had in October 2023 ordered the bank to stop onboarding customers using its mobile app, the Bob World, citing certain material supervisory concerns observed in the manner of onboarding new customers through the app.
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Esta historia es de la edición May 09, 2024 de The Morning Standard.
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