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Bank of Baroda has announced the launch of its digital banking platform 'bob World'. It would offer a wide gamut of banking products and services, to be rolled out in phases, under how how many pillars?

Bank of Baroda has announced the launch of its digital banking platform 'bob World'. It would offer a wide gamut of banking products and services, to be rolled out in phases, under how how many pillars? Correct Answer 4

The correct answer is 4.

Key Points

  • State-owned Bank of Baroda on 8 September 2021 announced the launch of its digital banking platform 'bob World', aimed at providing all banking services under one roof.
  • 'bob World' would offer a wide gamut of banking products and services, to be rolled out in phases, under four key pillars -- Save, Invest, Borrow and Shop.
  • Over 220 bank services would be converged into one single app.​

Important Points

  • ​'bob World' offers digital account opening in 10 minutes with instant virtual debit card issuance, online loan application with instantaneous disbursal for selected loan products.
  • It has also integrated e-commerce to provide a wholesome and rewarding experience of banking and beyond, under one roof to the customers.

Additional Information

  • ​Bank of Baroda:
    • Headquarters - Alkapuri, Vadodara.
    • Founder - Sayajirao Gaekwad III.
    • Founded In - 20 July 1908, Vadodara.

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