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    Question

    Which bank has been directed to stop on-boarding of new

    customers into its mobile banking facility and can be started after rectifying the existing deficiencies observed and strengthening the process according to the RBI standards?┬а
    A Indian Bank Correct Answer Incorrect Answer
    B Bank of Baroda Correct Answer Incorrect Answer
    C Union Bank of India Correct Answer Incorrect Answer
    D UCO Bank Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The Reserve Bank of India (RBI) has directed Bank of Baroda (BoB) to stop on-boarding of new customers into its mobile banking facility тАУ тАШbob WorldтАЩ тАФ with immediate effect. In order to add customers, the bank will have to rectify the existing deficiencies observed and strengthen the process according to the RBI standards.

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