Important StoriesTata Communications to invest $400-450 million for India’s AI fibre networkPrivate logistics players tap India Post to expand last-mile reachCentre includes E100 in emission framework for flex-fuel vehiclesGovernment extends RELIEF scheme for exporters by six months to March 2027Trade-margin cap on cancer drugs may push up costs elsewhere in supply chain: ExpertsFollow UsFOLLOW US ON WHATSAPPHomeGO BACK TO HOME THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. Bank of Baroda’s standalone primary dealer subsidiary commences operations BoB says this marks an important milestone in its strategy to strengthen its presence in government securities and debt capital markets By BL Mumbai Bureau Updated - October 26, 2026 at 07:51 PM.×ShareWhatsAppXFacebookLinkedInMessengerRedditMailhttps://www.thehindubusinessline.com/money-and-banking/bank-of-barodas-standalone-primary-dealer-subsidiarycommences-operations/article71627370.eceCopy FILE PHOTO: A woman walks past a signboard of Bank of Baroda outside their branch office in New Delhi, India, June 20, 2023. REUTERS/Anushree Fadnavis/File Photo | Photo Credit: ANUSHREE FADNAVIS

bob Securities & Giltedge Ltd, a wholly-owned subsidiary of Bank of Baroda (BoB), has commenced business as a non-deposit taking non-banking financial company (NBFC).

BoB, in a statement, said this marks an important milestone in its strategy to strengthen its presence in government securities and debt capital markets.

The public sector bank said the launch of the standalone primary dealer subsidiary is in line with its vision of strengthening the BoB Group through specialised capabilities, creating scale across businesses and building a diversified financial services institution.

Debadatta Chand, Managing Director & CEO, BoB, said, “The company will contribute to the development and deepening of India’s financial markets through market-making and related activities, enhancing market efficiency and encouraging wider investor participation, including through the RBI Retail Direct platform.

“As we continue to diversify our financial services franchise, dedicated subsidiaries such as bob Securities & Giltedge Limited will play an important role in creating new avenues of growth and strengthening the overall BoB Group.”

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.

Terms & conditions | Institutional Subscriber