Bank of Baroda Subsidiary Begins NBFC Operations

MUMBAI: bob Securities & Giltedge Limited, a wholly owned subsidiary of Bank of Baroda, has commenced operations as a Non-Banking Financial Company (NBFC-ND-ICC), marking a step in the Bank’s plans to expand its presence in government securities and debt capital markets.

At an event marking the launch, the company unveiled its corporate identity and logo and launched its official website, www.bobgiltedge.in.

Bank of Baroda Managing Director and CEO Dr. Debadatta Chand said the company would contribute to the development of India’s financial markets through market-making and related activities. He said these efforts would help improve market efficiency and encourage wider investor participation, including through the RBI Retail Direct platform.

The launch is part of the Bank’s strategy to strengthen the BOB Group through specialised capabilities, create scale across businesses and build a diversified financial services institution. Directors of Bank of Baroda and bob Securities & Giltedge Limited attended the event along with other dignitaries.

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