Bank of Baroda subsidiary launches NBFC operations and corporate identity

Bank of Baroda’s wholly owned subsidiary, bob Securities & Giltedge Limited, has commenced operations as an NBFC-ND-ICC. The move aims to strengthen the bank’s presence in government securities and debt capital markets, with the launch of its logo and website

Hyderabad: Bank of Baroda has 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.

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Dr. Debadatta Chand, Managing Director & CEO, Bank of Baroda said, “The commencement of operations as an NBFC lays the foundation for strengthening our presence in the Government Securities and Debt Capital Markets.”

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