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RBI halts new sign-ups on BoB’s mobile app over security issues

Published on October 16, 2023
Current Context: The RBI has barred BoB from taking new customers onto its mobile app, bob Wodue to some material supervisory concerns.
RBI halts new sign-ups on BoB’s mobile app over security issues
  • The RBI has asked BoB to suspend the onboarding process with immediate effect and rectify the deficiencies observed by the regulator.
  • The action was taken after a media report in July exposed how some bank employees linked bank accounts to unregistered mobile numbers and signed up these numbers to the app.
  • The bank has said that it has already carried out corrective measures and initiated further steps to plug any remaining gaps.
  • It has also assured its existing customers that they will not face any disruption and will continue to enjoy uninterrupted services on bob World. The bank hopes that the RBI will revoke the suspension before Diwali.


Q.1 What is the name of the Bank of Baroda’s mobile app that was affected?
a. BoB Mobile
b. BoB Online
c. BOB World
d. BoB Net

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