PNB Gilts

PNB Gilts Ltd, a subsidiary of Punjab National Bank, is a Non-Banking Financial Company and holds the distinction of being India's only listed Standalone Primary Dealer. The company’s overarching vision is to establish itself as a leader in the Primary Dealer business by functioning as a knowledge-based and research-oriented organization. It aims to achieve high levels of accountability, efficiency, and fairness in all operations, with a commitment to protecting the interests of all its stakeholders. Its primary activities involve supporting the government's borrowing program by underwriting securities and trading a wide range of fixed-income instruments like Government Securities and Treasury Bills. Financially, the company remains robustly capitalized with a Capital Adequacy Ratio of 34.01%, which is significantly above the RBI's required minimum of 15%. To ensure future growth and diversify income, the company will explore opportunities in non-core businesses such as the foreign exchange and equity markets.;