PNBGILTS

PNB Gilts Ltd., incorporated in 1996 and headquartered in New Delhi, operates as a subsidiary of Punjab National Bank (PNB). The company functions within the debt market and financial services industries in India. It supports the government borrowing program by underwriting government securities issuances and engaging in trading of fixed income instruments such as Government Securities, Treasury Bills, State Development Loans, Corporate Bonds, Interest Rate Swaps, Certificates of Deposits, and Commercial Papers. PNB Gilts also undertakes market-making activities to facilitate liquidity. It serves as a listed primary dealer in India, providing a platform for both institutional and retail investors to participate in fixed-income securities.