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If a Bank of Baroda branch activates 30 connections on the BoB World app in a day, they get to host a celebration with the branch staff and customers, with a daily budget of Rs 500 for a cake.
Abhishek Banerjee is very bullish on sectors that have higher operating leverage and can increase their return on installed capacity quickly.
The Reserve Bank of India, on October 10, directed Bank of Baroda to stop onboarding new customers through BoB World, the lender’s digital banking app, citing
Banks scrutinize mobile app onboarding after Bank of Baroda scandal. Allegations of fraudulent tactics to boost user base.
The RBI found certain irregularities in onboarding of new customers to the bank’s digital app, BOB World. Following this, the bank initiated an inquiry. Most of those suspended are from the Vadodara region, a source has told Moneycontrol