In response to the BoB World app scam, the Finance Ministry is advocating for stricter KYC and due diligence measures. This move comes as part of a broader effort to combat cyber fraud and ensure the security of financial transactions. The ministry's proposal includes enhanced verification processes for lenders, aimed at preventing similar scams in the future. The Reserve Bank of India has reportedly imposed a ban on the BoB World app as a measure against such frauds.