Incorporated in 1996 as a subsidiary of Punjab National Bank, PNB Gilts Ltd. was one of the first entities in India to be granted a Primary Dealership license by the Reserve Bank of India (RBI). The company's core business is to support the government's borrowing program by underwriting and bidding in auctions of Government of India securities. It also provides depth and liquidity to the secondary market for fixed-income instruments, including Government Securities, Treasury Bills, State Development Loans, Corporate Bonds, and Interest Rate Swaps.

Founded in

India