PNB Gilts Limited is engaged in dealing in government securities. The Company is engaged in the business of non-banking financial institution. The Company's segments include T-Bills/CP/CD, Corp. Bonds & Debentures, Govt. Securities, Derivatives, Fixed Deposits and Mutual Fund Comm. The Company is also engaged in the services of National Securities Depository Limited (NSDL), as an agency to provide remote e-voting facilities. As a dealer, the Company's primary activities include supporting government borrowing program through underwriting of government securities issuances and trading in a gamut of fixed income instruments, such as government securities, treasury bills, state development loans, corporate bonds, interest rate swaps, and various money market instruments, such as certificates of deposits and commercial papers. It also offers Gilts Investment Services, and Gilts Call and Inter Corporate Deposit (ICD) service, among others. It is a subsidiary of Punjab National Bank.