nce Limited announced on Wednesday that its wholly owned subsidiary, Shriram Overseas Investments Limited (SOIL), has received in-principle approval from the Reserve Bank of India (RBI) to start operations as a Primary Dealer (PD). The approval, granted on April 15, 2026, marks a significant regulatory milestone for the Shriram Group company. It is subject to compliance with specific conditions and guidelines outlined by the RBI. What is a Primary Dealer? Primary Dealers are specialized entities authorized by the RBI to play a key role in the government securities market. Their main responsibilities include: Underwriting and bidding in auctions of central and state government bonds Market-making by providing two-way quotes for government securities Trading and distributing G-Secs to institutional and retail investors Supporting the RBI in its debt management and monetary policy operations This move allows Shriram Finance to expand beyond its core retail asset financing business into the fixed-income and capital markets segment.

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