PNB Gilts Ltd. (PNBGILTS.NS)
PNB Gilts Ltd. operates in the Financial - Capital Markets industry of the Financial Services sector, headquartered in New Delhi, DE, IN. The stock last traded at $79.52, down 1.11% on the session, giving a market capitalisation of $14.31B. Its beta of 0.54 implies it has historically moved less than the broad market.
Operating in India, PNB Gilts Ltd. functions as a principal market maker for government debt instruments. The company plays a crucial role in the initial placement of government securities by underwriting new issuances. Its extensive trading portfolio encompasses a wide array of fixed-income assets, including government bonds, treasury bills, state development loans, corporate debt, and interest rate swaps, alongside various money market instruments like certificates of deposit and commercial papers. PNB Gilts also offers custodian services to its clientele. Furthermore, it facilitates access to specialized gilt accounts, mutual funds, and corporate and public sector undertaking bonds. The firm is actively engaged in the short-term money markets, dealing in call/notice/term money, repurchase/reverse repurchase agreements, inter-corporate deposits, and commercial papers. Its diverse customer base includes provident funds, regional and co-operative banks, corporate entities, and individual investors. Established in 1996 and headquartered in New Delhi, India, PNB Gilts Ltd. operates as a subsidiary of Punjab National Bank.
PNB Gilts Ltd. is most often compared with the following Financial Services names: