Bank of Baroda Launches Wholly Owned Subsidiary BOB Securities & Giltedge Limited
Mumbai, 13 March 2026: In a significant move to expand its financial services portfolio, Bank of Baroda has announced the incorporation of a wholly owned subsidiary named BOB Securities & Giltedge Limited. The subsidiary has received its certificate of incorporation from the Registrar of Companies, strengthening the bank’s footprint in the primary dealership sector.
This development follows the guidelines set by the Reserve Bank of India (RBI) and aligns with the bank’s strategic objective to enhance its standalone primary dealership operations. With an authorized share capital of INR 2,000 Crores, the capital infusion will be executed in two tranches, positioning the subsidiary to actively participate in government securities and related investment markets.
The formation of BOB Securities & Giltedge Limited does not constitute a related party transaction beyond the parent-subsidiary relationship, ensuring compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The subsidiary will operate as a public limited company, fully controlled by Bank of Baroda.
Key Highlights of BOB Securities & Giltedge Limited:
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Name: BOB Securities & Giltedge Limited
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Industry: Public Limited Company – Standalone Primary Dealership
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Authorized Capital: INR 2,000 Crores
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Ownership: Wholly owned subsidiary of Bank of Baroda
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Regulatory Approval: Obtained from RBI
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Objective: To undertake standalone primary dealership business, facilitating government securities trading and enhancing capital market operations.
According to S Balakumar, the subsidiary will allow the bank to strengthen its role in India’s primary market, expand investment avenues, and support the government securities market efficiently.
This move demonstrates Bank of Baroda’s continued commitment to broadening its financial services and leveraging regulatory frameworks for business growth.
About Bank of Baroda:
Established in 1908, Bank of Baroda is one of India’s leading public sector banks, offering a comprehensive range of banking products and services across the country and internationally.