Bank of Baroda 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 ₹2000 crores into this subsidiary, subject to specified conditions. This development follows an earlier intimation by the bank on January 9, 2026. The approval from the RBI allows the bank to expand its operations in the primary dealership segment.
