PNB Gilts Limited is a leading primary dealer in the Indian debt market. It is a subsidiary of Punjab National Bank, one of the largest Indian commercial banks. The company was one of the first entities to be granted the Primary Dealership License by the Reserve Bank of India. PNB Gilts Ltd deals and offers a range of fixed income products such as Government Securities, Treasury Bills, Floating Rate Bonds, and State Development Loans. The company has played a pivotal role in strengthening the domestic fixed income markets and is a dominant player, marking its presence with significantly high market share in the overall trading turnover.

PNB Gilts Ltd has a wide client base ranging from Provident Funds Trusts, Regional Rural Banks, Co-operative Banks, Corporates, Individuals, etc. . The company has an independent marketing and sales team to cater to the specific client requirements. PNB Gilts Ltd is a leading provider of debt solutions in the form of bond and debenture issuances. The company has successfully managed various debt issuances.

The government must raise funds to finance its spending program, and apart from its income from tax and non-tax revenue sources, the Government borrows a significant portion of its funds from the market. PNB Gilts Ltd is a leading primary dealer in the Government Securities Market, and the company undertakes more than 90% of its operations in Government Securities. The range of products and services offered by the company includes trading, underwriting, and market-making in government securities.

In summary, PNB Gilts Ltd is a leading primary dealer in the Indian debt market, offering a range of fixed income products such as Government Securities, Treasury Bills, Floating Rate Bonds, and State Development Loans. The company has played a pivotal role in strengthening the domestic fixed income markets and is a dominant player, marking its presence with significantly high market share in the overall trading turnover.