The credit rating agency, ICRA has re-validated ‘A1+’ rating assigned to PNB Gilts’ Commercial paper (CP) programme worth Rs 500 crore. The prescribed rating is valid till November 19, 2020.
PNB Gilts, subsidiary of Punjab National Bank, offers product and services like Treasury Bills, Central Government Dated Securities, State Government Securities, PSU Bonds, Inter-Corporate Deposits, CSGL accounts, Money market instruments, Merchant Banking, Mutual Fund Distribution and Investment/ trading in Equity and Equity derivatives.
