Public sector lender Bank of Baroda (BoB) has suspended a few employees after an internal audit in the ‘bob World’ mobile application case, sources told CNBC-TV18. The total number of suspensions couldn’t be immediately verified. A Moneycontrol report said as many as 60 employees, including 11 assistant general managers have been suspended. The lender is yet to respond to CNBC-TV18’s query on the matter.
Most of the suspended employees worked at the lender’s branches in the north and north-western region, including Gujarat, sources said while adding that the suspension letters were sent only on October 16.
India’s second-largest government-owned lender is under the Reserve Bank of India (RBI) scanner for the unauthorised linking of mobile numbers to bank accounts of customers in order to show higher registrations on its mobile banking application.
On October 10, the RBI asked the Bank of Baroda to suspend any further on-boarding of their customers onto the ‘bob World’ mobile application with immediate effect.
Bank of Baroda share price was trading at Rs 203.60 on NSE, down 1.8%, at 2.58 pm.
(Edited by : Ajay Vaishnav)
