• Hey there! Welcome to TFC! View fewer ads on the website just by signing up on TF Community.

RBI orders Bank of Baroda to suspend further customer onboarding on ‘bob World’ mobile app

Action against Bank of Baroda under section 35A of the Banking Regulation Act, 1949

The Reserve Bank of India has, in exercise of its power, under section 35A of the Banking Regulation Act, 1949, directed Bank of Baroda to suspend, with immediate effect, any further onboarding of their customers onto the 'bob World' mobile application. This action is based on certain material supervisory concerns observed in the manner of onboarding of their customers onto this mobile application. Any further onboarding of customers of the bank on the 'bob World' application will be subject to rectification of the deficiencies observed and strengthening of the related processes by the bank to the satisfaction of RBI. The bank has been further directed to ensure that already onboarded 'bob World' customers do not face any disruption on account of this suspension.
20231010_192712.jpg

 
They send in batch. Once in 4-6 month


Just wait patiently 💀. Even customer care can't do a shit.
as they knew, that they can’t onboard new registration via BoB world app & takes months for debit cards delivery, they should allow customers to view debit card details via net banking or make an option to use Aadhar for upi pin set up like other banks. This is just ridiculous
 
Biggest bummer is, they’re not sending Debit card, there’s no option to use Aadhar for upi pin set up. So just stuck with net banking
Simply make a complaint on bob website. They will help to despatch your welcome kit faster from bob side.
 
as they knew, that they can’t onboard new registration via BoB world app & takes months for debit cards delivery, they should allow customers to view debit card details via net banking or make an option to use Aadhar for upi pin set up like other banks. This is just ridiculous
Yes but things are just shit now.

They can't lower the security due ro RBI bamboo.

But atleast aadhar UPI should be implemented.
 
So they essentially signed up people to online app using their banking details but using a number they had access to and then deregistered the number? This means that these people were effectively locked out of their online accounts. And they will not get OTPs if they were to sign up for the app in future. Imagine the pain those poor people will have to go through because these government employees are scoundrels and never work, privatise everything at this point, kick these scums out of the system.
 
Last edited:
I'm worried about the illiterate farmers and their hard earned money. Fingerprints were taken on consent forms to use "Mobile App" of these farmers who couldn't even read and write.

Disgusting. These guys should be penalised. And all these happened in cover of top management, that's more pathetic.
Yeah, poor illiterate farmers will be most affected, first aadhar leaks and now this, government should be phased out.
 
So they essentially signed up people to online app using their banking details but using a number they had access to and then deregistered the number? This means that these people were effectively locked out of their online accounts. And they will not get OTPs if they were to sign up for the app in future. Imagine the pain those poor people will have to go through because these government employees are scoundrels and never work, privatise everything at this point, kick these scums out of the system.

Be clear about on whom you are focusing your gun. Is it BOB Employees or BOB Financial Employees or State Govt Employees or Central Govt Employees ?
Or, someone else ?

Do not get confused. They are all different. So, be clear on what you say.
 
Back
Top