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Informist, Friday, Feb. 6, 2026

--Bank of Baroda gets RBI approval to form standalone PD 

--Bank of Baroda to infuse INR 20 bln capital in wholly-owned standalone PD 

MUMBAI – Bank of Baroda has received approval from the Reserve Bank of India to establish a wholly-owned standalone primary dealership, the state-owned bank informed exchanges Friday. Subject to conditions, the bank has received approval to infuse up to INR 20 billion in the subsidiary, the bank said.

A primary dealership underwrites government-dated security issuances and participates in primary auctions. As of end-March, there were 21 primary dealers in India, 14 of which operated as departmental bank primary dealers and seven as standalone primary dealers. Standalone primary dealers accounted for a 17.8% share of the total turnover in the secondary government securities market in Apr-Sept, according to RBI data.

For the quarter ended December, Bank of Baroda reported a net profit of INR 50.55 billion, up 4% on year. At 1503 IST, the bank's shares were down 0.3% at INR 289.50 on the National Stock Exchange.  End

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Reported by Shubham Rana and Cassandra Carvalho

Edited by Avishek Dutta

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