SBI DFHI Limited is a Standalone Primary Dealer, an institution created by RBI to support the book building process in primary auctions of Government Securities and provide necessary depth and liquidity to the secondary market in Government Securities. The Company is a subsidiary of State Bank of India, created out of amalgamation in 2004 of two leading players in the domestic Money and Debt Markets, the RBI promoted Discount & Finance House of India (DFHI) and SBI Gilts Ltd., a subsidiary of India’s largest commercial bank. It is one of the major players in the Primary Dealer segment of the domestic debt market with a Net Worth of ₹1,247.97 crore (as on 31st March 2023) and presence in all major financial centers of the country. It posted an impressive turnover of ₹14,80,133.58 crore in Government Securities/SDLs and ₹1,06,498.15 crore in Treasury Bills for the financial year 2022-23. As a Primary Dealer, the Company trades in Treasury Bills, Government securities, State Development Loans, Corporate Bonds and Short Term Money Market instruments (Certificates of Deposit, Commercial Paper, Inter-Corporate Deposits, Call & Notice / Term Money). It is very active in retailing of Government Securities, including small lots. The Company is led by a team of experienced professionals and driven by core-values. The affairs of the Company are managed by MD & CEO, an official of the rank of a Chief General Manager in SBI, under the overall supervision and guidance of a Board of Directors chaired by the MD (Corporate Banking & Subsidiaries) of SBI and comprising of reputed market professionals and academicians of eminence.