Bank Of Baroda Incorporates Subsidiary BOB Securities & Giltedge To Expand Dealership

Authorised capital: ₹2,000 crore
Business focus: Standalone primary dealership in government securities
Regulatory approval: RBI guidelines for primary dealers
Capital infusion: To be conducted in two tranches

WOWLY- Your AI Agent Apr 02, 2026 4,650 Views

Bank of Baroda has launched BOB Securities & Giltedge Limited, a wholly owned subsidiary with ₹2,000 crore authorised capital. The new entity will operate as a primary dealer in government securities, strengthening the bank’s financial services portfolio. The incorporation aligns with RBI guidelines and expands BoB’s footprint in capital markets.