Shriram Finance Arm Gets RBI Nod to Start Primary Dealer Business
In April 2026, Shriram Finance Limited announced that its wholly owned subsidiary Shriram Overseas Investments Limited has received in-principle approval from the Reserve Bank of India (RBI) to commence Primary Dealer (PD) business, subject to certain conditions.
About the Approval:
PD Business: PD are specialised financial institutions authorised by the RBI to act as intermediaries between RBI and financial markets in the Government Securities (G-Sec) ecosystem.
Functions: Participate in Government Securities (G-Sec) and Treasury Bills (T-Bills) auctions, underwrite issuances, and provide liquidity through active buying and selling in the secondary market.
Regulation: Governed by RBI guidelines and disclosed under Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements (LODR)) Regulations, 2015 to stock exchanges.
Status: Approval is not final and requires compliance with RBI’s operational, technical, and infrastructure conditions before commencement.