PNB Gilts (PNBGILTS), a wholly owned subsidiary of Punjab National Bank, is a non banking finance company. It was incorporated in 1996 as a primary dealer with focus on the institutional infrastructure of government securities (G-Sec) market. The company offers central government and state government securities, and treasure bills to finance the government?s short term requirements; non-SLR papers which include bonds issued by public sector undertakings and other corporate bodies; money market instruments, which include call/notice/term money, inter corporate deposits, repo/reverse repo, commercial paper, bills rediscounting, and certificate of deposit; gilt accounts, where the company as a primary dealer has been permitted to act as custodian on behalf of their constituents for holding their treasury bills and government securities in scripless/dematerialised form; merchant banking services, which include mergers, acquisitions, takeovers, advisory/consultancy services, project appraisals, loan syndication, and issue management; and mutual fund distribution of banks, PF and other trusts, corporates, NGOs, educational institutes, and others. PNB Gilts is ISO 9001:2000 certified. The company has a CRISIL rating to borrow upto Rs 2,500 million. It has established itself as a leading primary dealer with branches in Mumbai, Chennai, Kolkata, Ahmedabad and Bangalore. The registered and corporate office is located at 5, Sansad Marg, New Delhi-110001.
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