PNB Gilts Ltd. Stock Company Profile

Description

PNB Gilts Ltd. operates as a primary dealer in government securities in India. The company is involved in the underwriting government securities issuances; and trading of fixed income instruments, such as government securities, treasury bills, state development loans, corporate bonds, and interest rate swaps, as well as various money market instruments, including certificates of deposits, commercial papers, etc.; and provision of custodian services to its constituents. It also provides gilts accounts and mutual funds, as well as non-SLR papers, including bonds issued by public sector undertakings and other corporate bodies. In addition, the company trades in short term money market instruments comprising call/notice/term money, repo/reverse repo, inter corporate deposits, commercial papers, and certificates of deposit. It serves provident funds trusts, regional rural banks, co-operative banks, corporates, individuals, etc. The company was incorporated in 1996 and is based in New Delhi, India. PNB Gilts Ltd. is a subsidiary of Punjab National Bank.