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New Delhi: Shares of state-owned lender Bank of Baroda plunged three per cent in the late morning trade on Wednesday. On Tuesday, the RBI barred Bank of Baroda from onboarding new customers on its mobile app ‘bob World’ following material supervisory concerns.
The action taken by the central bank is based on certain material supervisory concerns observed in the manner of onboarding customers onto its mobile application.
The stock of the company declined 3.10 per cent to Rs 207.55 apiece on the BSE. On the NSE, Bank of Baroda’s shares dived 2.96 per cent to Rs 207.95 per piece. Meanwhile, the 30-share BSE Sensex surged to 66,488.21 points, while the NSE Nifty rose to 19,799.50 points.
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