Bank Of Baroda has informed the Exchange about Incorporation of Subsidiary
BANKBARODA · price
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Bank of Baroda has incorporated a wholly owned subsidiary named 'BOB Securities & Giltedge Limited' and received the certificate of incorporation from the Registrar of Companies. The subsidiary has an authorized share capital of INR 2,000 Crores, to be infused in two tranches. The new entity will undertake Standalone Primary Dealership business in compliance with RBI guidelines, and the bank has already received RBI approval for this. This follows up on an earlier communication dated January 9, 2026 regarding the same matter.
This is a strategic expansion into government securities dealing, which diversifies the bank's revenue streams beyond traditional lending. Shareholders should view this positively as it opens a new, regulated business vertical, though the actual financial impact will depend on the subsidiary's operational performance going forward.