Bank of Baroda to Take over of PD activity from its Subsidiary

Bank of Baroda has announced that pursuant to the permission granted by Reserve Bank of India vide its letter dated December 26, 2006, the bank is permitted to undertake the Take over of Primary Dealership (PD) activity as a department of the Bank by taking over the said business from its wholly owned subsidiary i.e. BOB Capital Markets Ltd, with effect from January 16, 2007. Accordingly the bank proposes to undertake said business from the said date.

Source : Equity Bulls

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