SBI DFHI Limited - Primary Dealer

SBI DFHI Limited was formed through the amalgamation of the Discount and Finance House of India (DFHI) and SBI Gilts Ltd. in 2004. It operates as a Standalone Primary Dealer (PD) accredited by the Reserve Bank of India (RBI). The company's primary business involves market-making for Government Securities, underwriting government debt issuances, and trading in fixed-income instruments such as Government Bonds, Treasury Bills, State Development Loans, and Corporate Bonds. As a subsidiary of the State Bank of India, it plays a crucial role in India's debt market by providing liquidity and contributing to a stable and efficient secondary market for government securities.