PNB Gilts Ltd, a leading primary dealer in the Government Securities Market, conducts over 90% of its operations in government securities. Established in 1996 as a wholly-owned subsidiary of Punjab National Bank, the company offers a range of products and services, including Treasury Bills, Central and State Government Securities, PSU Bonds, money market instruments, and advisory services. It also engages in equity trading and mutual fund distribution.
PNB Gilts has maintained a strong presence in the G-Secs market since its inception and is noted for its consistent profitability and dividend payments. The company went public in 2000, reducing Punjab National Bank's stake to 74.07%. Despite discontinuing merchant banking activities in 2010, PNB Gilts has received high credit ratings from ICRA and CRISIL for its commercial paper program, underscoring its financial stability and strong market position.
