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On Tuesday, the Reserve Bank of India ordered Bank of Baroda to stop onboarding customers on its mobile app ‘BoB World’ citing ‘material supervisory concerns’.

While the regulator’s interim order alleges massive irregularities, the long arc of unfinished probes, hearings and appeals makes closure distant.
As growth in equities cools, asset managers are looking to embed themselves in payrolls, payments, and credit. This raises their influence, but also the stakes.
FY26 numbers for the three major CV makers show resilience and all-around growth. This doesn’t look anything like the undifferentiated sector it once was.