Deals6 Feb 2026, 12:27 pm
Bank of Baroda Receives RBI Approval for Standalone Primary Dealer Subsidiary with Rs.2000 Crores Infusion
AI Summary
Bank of Baroda has announced that it has received approval from the Reserve Bank of India (RBI) to establish a wholly owned subsidiary for undertaking Standalone Primary Dealer (SPD) business. The bank plans to infuse capital of up to Rs.2000 crores into the subsidiary, subject to specified conditions. This development is in continuation to an earlier intimation made by the bank on 09.01.2026. The bank has requested that this information be noted and uploaded on websites pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015.
Key Highlights
- Bank of Baroda to establish a wholly owned subsidiary for Standalone Primary Dealer business
- RBI has approved the establishment of the subsidiary
- The subsidiary will receive a capital infusion of up to Rs.2000 crores
- The establishment is subject to specified conditions
- The announcement is in continuation to an earlier intimation made by the bank