Exclusive: 11 AGMs among 60 staff suspended by Bank of Baroda over digital app row

Public-sector lender Bank of Baroda (BoB) has suspended over 60 employees, including 11 AGMs (assistant general managers), according to people familiar with the matter.

AGM-level officials are scale V officers who generally hold positions of area managers, zonal heads, and oversee heads at over 25 branches," said a BoB employee.

Moneycontrol has reviewed the suspension letter of one of the employees. The action is part of the rectification drive based on the former’s audit of the BOB World app case .

In the suspension letter, the bank accepted that serious irregularities were committed by the employee during his tenure by way of feeding numbers in the customer account and subsequent registration and deregistration of BOB World application without the consent of the customer