PNB Gilts Ltd, a renowned and preferred name in the Indian debt market was one of the first entities to be granted the Primary Dealership License by the Reserve Bank of India. The company is also a subsidiary of one of the largest Indian commercial banks, Punjab National Bank. Company has played a pivotal role in strengthening of the domestic fixed income markets and is a dominant player, marking its presence with significantly high market share in the overall trading turnover.
As a Primary Dealer, Company's primary activities entail supporting government borrowing program via underwriting of government securities issuances and trade in a gamut of fixed income instruments such as Government securities, Treasury Bills, State Development Loans, Corporate Bonds, Interest Rate Swaps and various money market instruments such as Certificates of Deposits, Commercial Papers etc. Company has dedicated trading desk managed by experienced professionals having strong research and market insights.
Having completed 25 years of operation, company boasts of rich experience and matchless standards in its service to diverse client base in the fixed income market. Company has been a pioneer in retailing of Government Securities contributing to a deep and broad-based market. PNB Gilts Ltd has a wide client base ranging from Provident Funds Trusts, Regional Rural Banks, Co-operative Banks, Corporates, Individuals etc and has an independent marketing and sales team to cater to the specific client requirements. With a strong and trusted lineage, our clients are assured of the most transparent and timely services in the retail market.
*50% final dividend is subject to approval of shareholders at AGM
Disclaimer – “The company is having a valid Certificate of Registration dated 10-02-1998 issued by Reserve Bank of India under Section 45IA of the Reserve Bank of India Act, 1934. However, the Reserve Bank of India does not accept any responsibility or guarantee about the present position as to financial soundness of the company or for the correctness of any of the statements or representations made or opinions expressed by the company and for repayment of deposits / discharge of liabilities by the company.”
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