New Delhi: PNB Gilts
Limited, a standalone primary dealer and subsidiary of Punjab National Bank,
celebrated its 30th Foundation Day, commemorating three decades of
steadfast contribution to the development of India's debt market and the
Government securities ecosystem. Established in 1996, PNB Gilts has played a
pivotal role in strengthening India's fixed income market through its expertise
in Government securities, treasury solutions, market making, underwriting, and
debt capital market (DCM) services.
The milestone celebration was graced by Shri Ashok
Chandra (MD&CEO, PNB), Shri Pareed Sunil (MD&CEO, PNB Gilts), along
with the Board of Directors, senior management, employees, and distinguished
guests.
PNB Gilts's growth journey reflects its strong financial
fundamentals and market leadership. The Company has grown its net worth to
approximately ₹1,700 crore, achieved a Top 10 ranking in Debt Capital Market
(DCM) business, and recently completed 25 years of successful listing on the
stock exchanges. The Company has also delivered a ~13% CAGR in long-term Net
Owned Funds (FY97–FY26), underscoring its sustained financial strength and
disciplined growth.
Speaking on the occasion, Shri Ashok Chandra, MD&CEO,
PNB said: "PNB Gilts' 30-year journey is a testament to its unwavering
commitment to excellence, resilience, and customer-centricity. As one of
India's premier Primary Dealers, the Company has played an important role in
supporting the development of the Government securities market and
strengthening the country's financial ecosystem. PNB Gilts has consistently
embraced innovation, robust governance, and prudent risk management to create
long-term value for stakeholder."
Over the years, PNB Gilts has built a diversified
business franchise by continuously investing in technology, digitising its
processes, strengthening risk management practices, and promoting
sustainability initiatives