Bank of Baroda’s Wholly Owned Subsidiary bob Securities & Giltedge Limited Commences NBFC Operations

Bank of Baroda, one of India’s leading public sector banks, announced that bob Securities & Giltedge Limited, its wholly owned subsidiary, has commenced business as a Non-Banking Financial Company (NBFC-ND-ICC). The development marks an important milestone in the Bank’s strategy to strengthen its presence in Government Securities and Debt Capital Markets. During an event to mark the commencement of operations as an NBFC, bob Securities & Giltedge Limited unveiled its corporate identity & logo, and launched its official website, www.bobgiltedge.in.

The launch of bob Securities & Giltedge Limited is in line with the Bank's vision of strengthening the BOB Group through specialised capabilities, creating scale across businesses and building a diversified financial services institution.

Dr. Debadatta Chand, Managing Director & CEO, Bank of Baroda said, “bob Securities & Giltedge Limited represents an important strategic initiative for the Bank. The commencement of operations as an NBFC lays the foundation for strengthening our presence in the Government Securities and Debt Capital Markets. The Company will contribute to the development and deepening of India’s financial markets through market-making and related activities, enhancing market efficiency and encouraging wider investor participation, including through the RBI Retail Direct platform. As we continue to diversify our financial services franchise, dedicated subsidiaries such as bob Securities & Giltedge Limited will play an important role in creating new avenues of growth and strengthening the overall BOB Group.”

The launch event was attended by the Directors of Bank of Baroda and Directors of bob Securities & Giltedge Limited, along with other dignitaries.