PNB Gilts Ltd. operates as a government securities dealer in India. The company is involved in underwriting and bidding of government securities issuances; trading of fixed income instruments, such as government securities, treasury bills, cash management bills, state development loans, corporate bonds, and interest rate swaps, as well as various money market instruments, including certificates of deposits, commercial papers, etc.; and provision of custodian services to its constituents. It also provides gilts accounts; debt solutions comprising bond and debenture issuances; and retailing services. It serves provident funds trusts, regional rural banks, co-operative banks, corporates, individuals, etc. The company was incorporated in 1996 and is based in New Delhi, India. PNB Gilts Ltd. operates as a subsidiary of Punjab National Bank.